Location: Slidell-Mandeville-Covington, LA | Metro: Slidell-Mandeville-Covington, 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 | $900 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $159,473 | 0.76% | D |
| 3BR | $1,560 | $223,063 | 0.7% | D |
| 4BR | $1,800 | $323,145 | 0.56% | F |
U.S. Census Bureau data (2024)
The ZIP code 70445, located in Lacomble, LA within Saint Tammany Parish County, stands out due to its relatively low rental rate compared to the federal fair market rent (FMR) standards. With a population of 9,288 residents, only 11.7% are renters, indicating a predominantly owner-occupied community. The median income in this area is $78,394, which supports a median home value of $213,077, reflecting a stable middle-class neighborhood.
In terms of voucher economics, the Federal Fair Market Rent for ZIP 70445 in fiscal year 2024 is set at $1,350. This is notably higher than the average market rent of $1,043, based on Census ACS data. Landlords who accept Section 8 vouchers can expect to receive a higher rent amount than the current market rate, which could be beneficial in maintaining property income levels.
The data signature for ZIP 70445 suggests a stable environment. The high median home value and median income indicate financial stability among residents, while the low percentage of renters points towards a strong preference for homeownership in the area. This stability provides a reliable backdrop for landlords and small-portfolio investors, as it implies consistent demand for housing and a lower risk of sudden economic shifts affecting the local real estate market.
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.