Location: Lake Charles, LA | Metro: Lake Charles, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
1080 is the Fair Market Rent (FMR) for ZIP 70631 for fiscal year 2024, indicating the maximum amount that a landlord can charge for a Section 8 voucher in this area. Despite the N/A listing for market rent, which suggests incomplete data, the median home value stands at $231,450, offering a solid baseline for property values. 8.2% represents the portion of residents who are renters, showing a modest but stable demand for rental properties. The median income of $63,387 provides insight into the economic status of the residents, though it's important to note that the average income might be higher due to outliers. With the N/A-day Days on Market (DOM), we cannot determine how quickly properties are typically sold, but the N/A% price-cut share indicates that there is no trend of significant price reductions among listings. This combination of factors—stable median home values, a reliable FMR, and a steady renter population—suggests that ZIP 70631 could be a viable investment location for landlords and small-portfolio investors looking to participate in the Section 8 program.
Investors should consider the following points when evaluating the potential of this ZIP code:
The lack of specific market rent data and the absence of trends in Days on Market and price cuts suggest that the local real estate market is relatively stable and less prone to speculative fluctuations. For landlords and small-portfolio investors, this stability is crucial for long-term planning and investment security.
Section 8 verdict: ZIP 70631 offers a stable environment for Section 8 investments, with predictable rents and a solid median home value.
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.