Location: Iberia Parish, LA | Metro: Lafayette, LA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,410 | $254,842 | 0.55% | F |
| 4BR | $1,670 | $358,464 | 0.47% | F |
U.S. Census Bureau data (2024)
ZIP 70592, located in the Iberia Parish, LA metro area, serves as a strong cash-flow anchor within a Section 8 portfolio strategy. The primary reason for this designation lies in the favorable financial metrics that support stable rental income.
The Fair Market Rent (FMR) for ZIP 70592 in fiscal year 2024 is set at $1280, which is significantly lower than the average market rent of $1827. This $547 spread indicates that landlords can rely on Section 8 vouchers to cover a substantial portion of the market rent, ensuring steady cash flow without the risk of vacancy. Additionally, the median home value in the area is $279,977, which further underscores the affordability and stability of the housing market.
While ZIP 70592 does not offer significant appreciation potential with a mere 0.2% price-cut share and a Days on Market (DOM) of 41 days, it provides a solid foundation for a portfolio due to its dependable rental income. The low price-cut share suggests that property values are relatively stable, and the DOM figure is average, indicating neither excessive buyer nor seller demand.
The area's renter share of 12.9% and median income of $93,204 also contribute to its role as a cash-flow anchor. Although the renter share is modest, the median income is high enough to support a consistent demand for rental properties, particularly those covered by Section 8 vouchers. This ensures that landlords can maintain occupancy rates and secure reliable cash flow over time.
In conclusion, ZIP 70592 is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The substantial difference between the FMR and market rent, combined with stable property values and sufficient tenant demand, makes it an ideal choice for landlords seeking a predictable and secure source of income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.