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 | $1,000 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,260 | $124,271 | 1.01% | B |
| 3BR | $1,620 | $192,712 | 0.84% | C |
| 4BR | $1,860 | $261,172 | 0.71% | D |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 70460, located in Slidell, LA, reveals that the Fair Market Rent (FMR) set by the U.S. Department of Housing and Urban Development (HUD) for Fiscal Year 2024 is $1410. In comparison, the Zillow Observed Rental Index (ZORI) indicates an average market rent of $1591. This suggests that landlords accepting Section 8 vouchers will experience marginal cash flow at the HUD FMR rate, as the vouchers fall slightly below the current market rates.
To further contextualize the rental market, the median home value in ZIP 70460 is $190,171. Using this figure, we can calculate a rent-to-price ratio, which stands at approximately 0.84%. This ratio implies that rental income is relatively low compared to the median home value, indicating that investment in rental properties might be more attractive for those seeking steady cash flow rather than high returns on investment.
The rental market dynamics in ZIP 70460 are also noteworthy. The 50-day median Days on Market (DOM) suggests a reasonably quick turnover for rental listings, indicating a healthy demand for rental properties. Additionally, the 0.2% price-cut share is minimal, which means that landlords rarely need to reduce their asking rents to attract tenants. These factors contribute to a stable rental market environment.
Investors should consider the cash flow implications when deciding to accept Section 8 vouchers. While the HUD FMR of $1410 is marginally below the market rent of $1591, the strong demand and stable market conditions make it a viable option. The best angle for investors in this area is likely stability, given the low price-cut share and quick DOM, which together suggest a reliable and consistent rental market.
For landlords and small-portfolio investors, accepting Section 8 vouchers in ZIP 70460 can provide a steady stream of income with minimal risk, despite the slight shortfall in cash flow when compared to market rents. The overall stability of the market ensures that property owners can maintain their investments without significant fluctuations in occupancy or rental rates.
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.