Section 8 Fair Market Rent (FMR) for ZIP 70525 - 2027
Location: St. Landry Parish, LA | Metro: Lafayette, LA HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $710 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$44,697
Housing Authorities Serving ZIP 70525
- Housing Authority of the City of Lafayette (Lafayette, LA) - 2,172 Section 8 vouchers
- Housing Authority of the Parish of St. Landry (Washington, LA) - 727 Section 8 vouchers
- Housing Authority of Crowley (Crowley, LA) - 407 Section 8 vouchers
- Rayne City (Rayne, LA) - 96 Section 8 vouchers
- Housing Authority of the Town of Church Point (Church Point, LA) - 88 Section 8 vouchers
- Housing Authority of City of Opelousas (Opelousas, LA)
- Housing Authority of Rayne (Rayne, LA)
- Housing Authority of the City of Eunice (Eunice, LA)
- Housing Authority of South Landry (Grand Coteau, LA)
- Southwest Acadia Consolidated Housing Authority (Estherwood, LA)
The ZIP code 70525, located in Ascension Parish, Louisiana, offers a stable real estate market for both landlords and small-portfolio investors. The area is characterized by its suburban setting, providing a mix of residential homes and rental properties that cater to a diverse range of tenants.
- The Fair Market Rent (FMR) for a one-bedroom apartment in ZIP 70525 for fiscal year 2024 is set at $890, offering a benchmark for rental pricing.
- According to the Census Bureau's American Community Survey, the average market rent for a similar unit is $831, indicating a slightly lower actual rental rate compared to the FMR.
- The median home value in the area stands at $155,377, reflecting a relatively affordable housing market for potential homeowners and investors alike.
- Renters make up 34.6% of the population, suggesting a significant portion of the community relies on rental properties, which can be beneficial for landlords looking to fill units.
- The median income for residents is $44,697, providing insight into the economic status of the tenant pool and their ability to afford the average market rent.
- While the exact number of days on the market (DOM) is not available, the combination of the median income and renter share indicates a steady demand for rental properties in the area.
In summary, ZIP 70525 presents a balanced opportunity for investment. With a median home value that is accessible and an average market rent that is slightly below the FMR, there is a good margin for profit. The substantial renter share and median income levels support a consistent demand for rental properties. For landlords and small-portfolio investors, this area offers a solid foundation for generating rental income without the risks associated with highly volatile markets.
Data Sources: FMR data from HUD (2027). 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.