Location: Acadia Parish, LA | Metro: Acadia Parish, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,100 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 70559, located in Acadia Parish, LA, reveals several key points regarding rental investment opportunities. The HUD Fair Market Rent (FMR) for ZIP 70559 in fiscal year 2024 is set at $820. This figure represents the maximum amount landlords can charge for a unit under the Section 8 program. However, the Census ACS reports a market rent of $485, which is significantly lower than the HUD FMR.
The disparity between the HUD FMR and the actual market rent suggests that voucher tenants will indeed cashflow at the FMR rate. Given the HUD FMR of $820, landlords can expect a positive cashflow from voucher tenants, even considering the typical operating expenses associated with rental properties. This makes ZIP 70559 an attractive area for Section 8 investors looking to generate consistent income without the risk of vacancy or delinquency.
The median home value in ZIP 70559 is currently not available. Despite this, the high rent-to-price ratio implied by the higher FMR compared to the market rent indicates that rental properties may offer better returns relative to purchasing homes. The lack of a median DOM (Days on Market) and the percentage of price cuts also suggest that the buy versus rent dynamic favors renting, particularly when considering the guaranteed payment structure of the Section 8 program.
In summary, the strongest angle for investors in ZIP 70559 is cashflow. With the HUD FMR substantially above the market rent, voucher tenants will provide a reliable source of income, making rental investments under the Section 8 program a solid choice for landlords and small-portfolio investors seeking financial stability and positive cashflow.
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.