Location: Houma-Bayou Cane-Thibodaux, LA | Metro: Houma-Bayou Cane-Thibodaux, LA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
1150 is the Fair Market Rent (FMR) for ZIP 70361 as of fiscal year 2024, indicating the maximum rental assistance payment a landlord can receive under the Section 8 program.
N/A is the market rent for the area, reflecting the lack of recent data on average rental prices. This absence makes it difficult to compare the FMR with current market conditions directly.
N/A is also the median home value in ZIP 70361, suggesting limited data availability for homeownership statistics. Investors should rely on FMR data for rental properties.
N/A is the renter share percentage, showing that there is insufficient data to determine the proportion of renters versus homeowners in the area.
N/A is the median income for ZIP 70361, indicating that specific income data for the area is unavailable. This makes it challenging to assess the financial capability of potential tenants.
N/A is the days on market (DOM) for properties in ZIP 70361, meaning there is no recent data on how long listings typically stay active before selling or renting.
N/A is the percentage of price-cut shares, indicating a lack of data on how often sellers or landlords reduce their asking prices.
The Section 8 program remains a viable option for landlords in ZIP 70361, given the clear FMR figure, but investors should proceed with caution due to the scarcity of additional market data.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.