Location: St. Landry Parish, LA | Metro: Acadia Parish, LA HUD Metro FMR Area
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 | $650 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,130 |
| 4 Bedrooms | $1,240 |
| 5 Bedrooms | $1,438 |
| 6 Bedrooms | $1,611 |
| 7 Bedrooms | $1,740 |
| 8 Bedrooms | $1,827 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,130 | $145,129 | 0.78% | D |
U.S. Census Bureau data (2024)
ZIP code 70535, located within St. Landry Parish, Louisiana, presents a unique profile when compared to typical ZIP codes in the same area. The Fair Market Rent (FMR) for ZIP 70535 is set at $820 for fiscal year 2024, which closely aligns with the market rent figure of $817. This indicates that the rental prices in 70535 are fairly accurate representations of what the market demands.
The median home value in 70535 stands at $113,565, a figure that is likely lower than the average home values across other ZIP codes in St. Landry Parish. This suggests that 70535 could be considered a value pocket within the metro, offering property ownership at a relatively affordable price point.
A significant portion of the residents in ZIP 70535 are renters, with a 36.8% share of the population. This is notably higher than the national average, indicating a strong demand for rental properties. Given the high renter share coupled with below-average home values, it's reasonable to infer that 70535 might be an attractive location for landlords participating in the Section 8 program. The high concentration of renters alongside affordable home values often signals a sweet spot for Section 8 investments, where rental income can be more predictable and stable due to government subsidies.
To conclude, ZIP 70535 appears to be a value pocket within St. Landry Parish, LA. It offers a rental market that closely matches the FMR, a high percentage of renters, and home values that are below the typical range for the area. These characteristics make it a potentially favorable investment opportunity for landlords and small-portfolio investors looking to leverage the Section 8 program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.