Location: Slidell-Mandeville-Covington, LA | Metro: Slidell-Mandeville-Covington, LA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $2,050 |
| 5 Bedrooms | $2,378 |
| 6 Bedrooms | $2,663 |
| 7 Bedrooms | $2,876 |
| 8 Bedrooms | $3,020 |
ZIP code 70459, located within the Slidell-Mandeville-Covington, LA MSA, has a Fair Market Rent (FMR) of $1480 for fiscal year 2024. This figure is critical for understanding the rental landscape in the area, particularly for landlords and small-portfolio investors involved with Section 8 housing. However, specific market rent, home value, and renter share percentages for ZIP 70459 are currently unavailable.
To contextualize ZIP 70459 within the broader Slidell-Mandeville-Covington, LA MSA, it's important to consider typical metrics for other ZIP codes in the region. While exact comparisons cannot be made without additional data, the FMR can provide some insights. An FMR of $1480 suggests that 70459 might be positioned as a mid-tier neighborhood within the metro area. This is based on the assumption that higher FMRs would indicate premium sub-markets, while lower FMRs would signal value pockets.
The absence of specific market rent and home value data makes it challenging to definitively categorize 70459. However, if we infer that the N/A values for market rent and home value could imply they are close to or slightly below the metro average, then the high FMR might suggest that this ZIP code is somewhat above average in terms of rental costs. This scenario could potentially make 70459 attractive for Section 8 tenants, especially if the renter share percentage is notably higher than the surrounding areas.
Without precise market rent and home value figures, it's difficult to conclude if 70459 represents a Section 8 sweet spot. Typically, a high renter share coupled with below-average home values indicates such an area. Since the renter share percentage is also marked as N/A, we must rely on the FMR to guide our analysis. Given the FMR of $1480, landlords should expect to set their rents accordingly, ensuring compliance with Section 8 guidelines while remaining competitive within the local rental market.
Investors and landlords should continue monitoring the local real estate market trends in the Slidell-Mandeville-Covington, LA MSA, as updated data on ZIP 70459 will help refine their investment strategies and rental pricing models.
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.