Section 8 Fair Market Rent (FMR) for ZIP 70550 - 2027
Location: St. Landry Parish, LA | Metro: St. Landry Parish, LA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $630 |
| 1 Bedroom | $680 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,090 |
| 4 Bedrooms | $1,170 |
| 5 Bedrooms | $1,357 |
| 6 Bedrooms | $1,520 |
| 7 Bedrooms | $1,642 |
| 8 Bedrooms | $1,724 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should buy in ZIP code 70550 for Section 8 purposes, follow this decision tree:
- 1) Does the Fair Market Rent (FMR) of $850 cover the debt service on a property?
- If the answer is yes: Proceed to the next question.
- If the answer is no: Do not invest in this area. The FMR is too low to support the cost of owning a property.
- 2) How does the market rent compare to the FMR?
- If market rent is above $850: This indicates that there is potential for higher returns outside of Section 8. However, for Section 8 investment specifically, you must still ensure that the FMR covers your expenses.
- If market rent is exactly $850: This means that the FMR matches the market rent, which is ideal for Section 8 properties since it ensures that the rent will cover the costs of ownership.
- If market rent is below $850: There is little incentive to rent to non-Section 8 tenants, making it a strong consideration for Section 8 investment. However, the demand must be sufficient to maintain occupancy.
- 3) Is there enough demand with 0.0% of the population being renters and N/A-day days on the market (DOM)?
- If the DOM is high (N/A-day suggests an unknown value but generally, if it's high): This indicates low demand, which would make it difficult to find tenants even for Section 8 units. Invest cautiously or consider other areas with higher demand.
- If the DOM is low: Despite the low percentage of renters, a quick turnover could indicate that the few renters in the area are highly motivated, leading to stable occupancy rates. This could be a good investment if the FMR meets your debt service needs.
The key to investing in ZIP 70550 for Section 8 is ensuring that the $850 FMR is sufficient to cover your debt service. The market rent must be considered in relation to the FMR to understand the broader rental market dynamics. Lastly, the demand for rentals must be evaluated; with 0.0% of the population being renters, the number of days on the market (DOM) is crucial to determining if there is enough tenant interest to justify an investment. Given the incomplete data, it depends on the actual market conditions and the specific financial situation of the investor.
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.