Location: Acadia Parish, LA | Metro: Acadia Parish, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $620 |
| 1 Bedroom | $680 |
| 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 rent math in ZIP 70556 does not work favorably for landlords participating in the Section 8 program. The Fair Market Rent (FMR) set at $820 for fiscal year 2024 is significantly higher than the average market rent reported by the Census ACS, which stands at $478. This discrepancy suggests that landlords might be overcompensated relative to the local rental market, potentially attracting tenants who qualify for assistance due to lower income levels.
Regarding the affordability of acquisitions, the data indicates that the median home value is not available (N/A), making it difficult to assess the typical investment cost in this area. Similarly, the days on market (DOM) and the percentage of homes requiring price cuts are also unavailable, leaving a gap in understanding how quickly properties sell and at what price adjustments. Without these specifics, landlords cannot accurately gauge the financial feasibility of purchasing properties in ZIP 70556.
Tenant demand in ZIP 70556 is relatively low. With a total population of 627 and only 13.9% of residents being renters, the pool of potential Section 8 tenants is limited. This small number of renters implies that competition among landlords for these tenants could be intense, and the overall demand for rental properties may not support a large influx of new rentals.
In conclusion, while the rent math appears favorable for landlords receiving Section 8 subsidies, the lack of detailed information on median home values, days on market, and price-cut percentages makes the acquisition process uncertain. Additionally, the limited tenant demand due to the small renter population suggests that ZIP 70556 may not be an ideal location for landlords or small-portfolio investors seeking stable returns through Section 8 participation. The combination of these factors points towards a challenging environment for those looking to enter the rental market in this area.
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.