Location: Evangeline Parish, LA | Metro: Evangeline Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $680 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,170 |
| 5 Bedrooms | $1,357 |
| 6 Bedrooms | $1,520 |
| 7 Bedrooms | $1,642 |
| 8 Bedrooms | $1,724 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for the metro area, as determined by HUD for fiscal year 2026, is set at $830. While specific median home value and median income figures for ZIP 70580 were not immediately available, the high percentage of renters suggests that many residents may rely on rental assistance programs like Section 8. This makes the area particularly attractive for landlords and small-portfolio investors looking to stabilize their cash flow through guaranteed rental income.
ZIP 70580 does not appear to offer significant opportunities for appreciation or quick flips given the lack of recent price-cut shares and days on market (DOM) data. Instead, the focus should be on leveraging the substantial renter population to ensure consistent occupancy rates and steady income streams.
In conclusion, ZIP 70580 serves as a reliable diversifier within a Section 8 portfolio strategy. Its high renter share ensures a stable tenant pool, which is crucial for maintaining positive cash flow. Landlords and investors should capitalize on the guaranteed rental income provided by the FMR of $830 to secure a solid financial foundation in their investment portfolio.
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.