Location: Iberia Parish, LA | Metro: Iberia Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The ZIP code 70552 presents an interesting mix of yield potential and market stability for real estate investors, particularly those involved with Section 8 properties. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $980. This figure is notably higher than the market rent of $854, indicating a strong yield potential for landlords participating in the Section 8 program.
However, the stability of the market must also be considered. In ZIP 70552, approximately 27.4% of residents are renters, which suggests a moderate level of tenant turnover and potential volatility in rental income. The average daily days on market (DOM) for homes in this area is not available, which makes it challenging to assess the speed at which properties can be leased out. Nonetheless, the median household income of $50,313 provides some assurance regarding the financial stability of the tenants, assuming they qualify for the Section 8 program.
To classify this market, we observe that the FMR is significantly above the market rent, pointing towards a high-yield environment. However, the lack of data on DOM and the relatively low percentage of renters suggest a market that is not entirely stable but also not prone to extreme fluctuations. Therefore, ZIP 70552 falls into a category that is neither purely a high-yield/low-stability flip-style market nor a steady-cashflow zone. Instead, it represents a middle ground where investors can expect reasonable yields without the risks associated with highly volatile markets.
For landlords and small-portfolio investors, the key takeaway is that while there is a good opportunity to earn above-market rents through the Section 8 program, they should be prepared for moderate levels of tenant turnover and ensure their investment strategy aligns with the financial stability of the area's residents.
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.