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 | $1,080 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | $2,010 |
| 5 Bedrooms | $2,332 |
| 6 Bedrooms | $2,612 |
| 7 Bedrooms | $2,821 |
| 8 Bedrooms | $2,962 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,360 | $179,642 | 0.76% | D |
| 3BR | $1,750 | $293,068 | 0.6% | F |
| 4BR | $2,010 | $497,181 | 0.4% | F |
| 5BR | $2,332 | $682,993 | 0.34% | F |
U.S. Census Bureau data (2024)
The ZIP code 70471 in Mandeville, LA, presents an interesting balance between yield and stability for real estate investors. The Fair Market Rent (FMR) for FY 2024 is set at $1,410, which is slightly below the market rent of $1,429. This suggests that while there is room for competitive pricing, the margin is tight. The median home value in the area is significantly higher at $393,874, indicating a robust housing market.
On the stability axis, the data points towards a moderately secure investment environment. Approximately 25.8% of the population are renters, which is a substantial portion but not overwhelming. The days on market (DOM) average at 32 days, suggesting that rental properties are generally occupied relatively quickly once they become available. Additionally, the median household income stands at $96,501, providing a solid economic foundation for tenants to afford their rent.
Considering these factors, ZIP 70471 does not fit neatly into either a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it represents a middle ground where the potential for good returns exists, but so does the assurance of consistent occupancy. The slight gap between FMR and market rent indicates that while yields might not be exceptionally high, they are still favorable. Meanwhile, the 32-day DOM and decent tenant income suggest that the risk of vacancy is lower compared to areas with higher volatility.
To summarize, for landlords and small-portfolio investors, ZIP 70471 offers a reasonable yield without compromising on stability. It is an area where the focus should be on maintaining a balance between rental pricing and property management practices to ensure steady cash flow and avoid unnecessary vacancy periods.
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.