Location: Vermilion Parish, LA | Metro: Acadia Parish, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $620 |
| 1 Bedroom | $690 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,060 |
| 4 Bedrooms | $1,250 |
| 5 Bedrooms | $1,450 |
| 6 Bedrooms | $1,624 |
| 7 Bedrooms | $1,754 |
| 8 Bedrooms | $1,842 |
U.S. Census Bureau data (2024)
The ZIP code 70526 presents an interesting balance between yield and stability for real estate investors. With a Fair Market Rent (FMR) of $910 for Fiscal Year 2024, it stands above the local market rent of $607. This difference suggests that properties in this area can potentially command higher rents, leading to better yields compared to the broader market.
However, the median home value in ZIP 70526 is $123,981, which is a significant investment relative to the FMR and market rent figures. The rental market is robust, with 44.6% of residents being renters, indicating a steady demand for rental properties. Despite this, the lack of data on days on market (DOM) suggests some uncertainty about how quickly properties can be rented out, which could affect cash flow consistency.
The average household income in ZIP 70526 is $37,747, which is relatively low compared to national averages. This could impact tenants' ability to pay higher rents consistently, thereby affecting the stability of the cash flow. However, given the disparity between the FMR and the market rent, there is potential for landlords to capture higher rents, especially if they offer well-maintained properties that meet the needs of the local population.
Based on these figures, ZIP 70526 leans towards being a steady-cashflow zone, but with opportunities for higher yields. The significant portion of renters ensures a consistent demand for rental properties, while the possibility of charging closer to the FMR provides a margin for profit. However, the lower income levels imply a need for careful tenant selection to ensure stable payments. For small-portfolio investors, this ZIP code offers a moderate risk with the potential for above-average returns, making it suitable for those willing to manage their investments actively.
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.