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 |
|---|---|---|---|---|
| 3BR | $1,560 | $239,297 | 0.65% | D |
| 4BR | $1,800 | $335,161 | 0.54% | F |
U.S. Census Bureau data (2024)
The market in ZIP code 70452 is currently characterized by a balance between rental and ownership costs, with specific metrics painting a detailed picture. The Fair Market Rent (FMR) for the area stands at $1070 for the fiscal year 2024, indicating a standard benchmark set by HUD for assessing rental affordability. In contrast, the actual market rent, according to Census ACS data, is $843. This suggests that the rental market is slightly below the fair market rate, which could be an indicator of either a competitive rental environment or a market where landlords are adjusting their rates to attract tenants.
The low price-cut share of 0.2% implies that property owners are generally not needing to lower their asking prices to make sales, a sign of stability or slight demand in the homeownership sector. The median home value of $227,845 provides insight into the typical cost of purchasing a home in this area, which can be compared against local incomes and savings rates to gauge affordability and potential for homeownership growth.
A key statistic in understanding the long-term housing pressures is the 16.7% renter share. This figure tells us that a significant portion of the population in ZIP 70452 prefers or is compelled to rent rather than own. Such a high percentage of renters can indicate several underlying dynamics: it may suggest that there is a demographic preference for renting, possibly due to younger populations or transient residents. Alternatively, it could reflect economic conditions where a substantial number of residents find homeownership unaffordable. This high renter share also means that any changes in rental policies or availability could have a notable impact on a considerable segment of the population.
In summary, ZIP 70452 presents a market where rental rates are below the FMR, hinting at a slightly competitive rental environment, while homeownership remains stable with few properties requiring price adjustments. The significant renter share points to ongoing long-term housing pressures, making the rental market a crucial consideration for both landlords and investors looking to understand the dynamics of this area.
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.