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)

Population

14,687

Median Household Income

$44,697

Housing Units

5,610

Renter Percentage

34.6%

Occupancy Rate

90.1%

Renter Occupied

1,749

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.