Location: Houma-Bayou Cane-Thibodaux, LA | Metro: Houma-Bayou Cane-Thibodaux, LA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,370 | $205,786 | 0.67% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 70364 reveals a market that falls into the category of moderate yield with relatively stable characteristics. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1,140, which is lower than the market rent of $1,238. This suggests that while there is room for slightly above average rental income, it is not an exceptionally high-yield environment.
When considering the median home value of $185,914, the FMR of $1,140 translates to a potential annual rental income of approximately $13,680. This represents a modest yield relative to the property value, indicating that investors should not expect extraordinarily high returns solely based on rental income.
Stability is another critical factor. In ZIP 70364, 25.5% of residents are renters, which is a moderate percentage, suggesting a balanced mix of homeowners and tenants. The Days on Market (DOM) figure of 101 days indicates that properties typically take about three and a half months to sell, which is longer than the national average but still within a reasonable range for stability. Additionally, the median household income of $68,843 provides a solid economic foundation for the area, supporting the ability of residents to pay rent consistently.
To summarize, ZIP 70364 offers a balance between yield and stability. It is not a high-yield/low-stability market suitable for flipping properties quickly, nor is it a zone exclusively for steady cash flow. Instead, it presents an opportunity for investors seeking a moderate level of both yield and stability, with a slight emphasis on the latter given the longer DOM and decent income levels.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
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.