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 |
The ZIP code 70469 is located in Slidell, Louisiana, within Saint Tammany Parish. Specific demographic data such as total population, percentage of renters, median income, and median home value for ZIP 70469 were not available at the time of this analysis. However, focusing on the rental economics, the Fair Market Rent (FMR) for ZIP 70469 is set at $1480 for fiscal year 2024. This figure represents the maximum rent that a tenant can be charged under the Section 8 program, which is based on the local rental market conditions.
In comparison to the FMR, the actual market rent in the area was not specified. To make an informed investment decision, it is crucial to understand the relationship between the FMR and the market rent. If the market rent is significantly higher than the FMR, landlords might find it challenging to cover their costs solely through Section 8 vouchers without additional subsidies. Conversely, if the market rent aligns closely with the FMR, the ZIP code could be suitable for hands-off voucher operators who are looking for steady, government-backed income streams.
Given the limited data available, ZIP 70469 appears to be a location that may suit hands-off voucher operators more than hands-on value-add buyers. The stability provided by Section 8 rents can be attractive for those seeking consistent cash flow without the need for extensive property management or improvements. For value-add investors, however, the lack of detailed financial metrics makes it difficult to assess potential for profit through renovations or strategic pricing adjustments.
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.