Location: St. Landry Parish, LA | Metro: St. Landry Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,090 |
| 4 Bedrooms | $1,190 |
| 5 Bedrooms | $1,380 |
| 6 Bedrooms | $1,546 |
| 7 Bedrooms | $1,670 |
| 8 Bedrooms | $1,754 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 70551 in St. Landry Parish, Louisiana, reveals a unique set of challenges and opportunities for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area, encompassing the metro scope for fiscal year 2026, is set at $840. However, due to limited data availability, the current market rent for the area is not specified. This makes it difficult to provide a precise comparison between the HUD FMR and the actual market rates.
In the absence of specific market rent figures, it's challenging to determine how well voucher tenants will cashflow at the HUD FMR. Typically, if the HUD FMR is below the market rent, voucher tenants would only cashflow marginally or with premium units. Conversely, if the HUD FMR matches or exceeds the market rent, cashflow would be more stable. Given the lack of comparative market rent data, we cannot definitively state the cashflow situation for voucher tenants in ZIP 70551.
The median home value for the area is also not specified, which means that deriving a rent-to-price ratio is not possible with the current data. Such a ratio could help investors understand the relative affordability of renting versus buying in the area, but without this information, we must rely on other metrics to assess the local real estate market.
The days on market (DOM) and the percentage of homes that require price cuts are not available, which suggests that there might not be significant fluctuations in property values or difficulty in selling homes in this area. These factors can influence the buy-versus-rent decision, but their absence does not necessarily indicate instability or rapid appreciation.
Based on the available data, the strongest angle for investors in ZIP 70551 appears to be stability. With a defined HUD FMR and the potential for consistent cashflow, landlords can expect a steady stream of income from voucher tenants, assuming the market rent aligns with or is slightly above the FMR. This stability can be particularly attractive in an uncertain economic environment, offering a reliable investment option for those looking to enter the rental market in this region.
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.