Location: Jefferson Davis Parish, LA | Metro: Lake Charles, 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 | $1,060 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,660 | $236,794 | 0.7% | D |
| 4BR | $1,930 | $300,270 | 0.64% | D |
U.S. Census Bureau data (2024)
The ZIP code 70611 stands out in its county with a population of 22,124 residents. Only 13.9% of these residents rent their homes, indicating a predominantly owner-occupied area. The median income here is strong at $101,844, reflecting a relatively affluent community. The median home value of $250,410 further underscores the economic stability and higher-end nature of the housing market.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 70611 in fiscal year 2024 is set at $1110, which is notably higher than the market rate of $983 (ZORI). This discrepancy means that landlords can expect a premium when accepting Section 8 tenants, as the voucher amount exceeds the typical rental costs. However, the low percentage of renters suggests that demand for rental properties might be limited, making it crucial for landlords to consider the broader economic context and the potential for attracting tenants who benefit from the voucher program.
The data signature for ZIP 70611 reads as stable. With a high median income and median home value, the area shows signs of financial robustness. The modest rental market, combined with the generous FMR, indicates a balanced environment where landlords can potentially capitalize on the difference between market rates and the voucher amounts. For small-portfolio investors, this ZIP code presents an opportunity to invest in a stable market while benefiting from the Section 8 program's financial support.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.