Location: Beauregard Parish, LA | Metro: Lake Charles, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The Section 8 Fair Market Rent (FMR) for ZIP 70633 in DeQuincy, Beauregard Parish, LA metro for FY 2024 is set at $1030. This figure is significantly higher than the market rent of $774 reported by the Census ACS. As a result, voucher tenants in this area would cashflow positively at the FMR, even considering the typical expenses associated with property management.
The median home value in ZIP 70633 is $152,810. Using this figure, we can calculate the rent-to-price ratio. With an annual rent of $9,288 ($774 per month), the ratio is approximately 6.08%. This suggests that rental income represents a modest portion of the total property value, indicating a relatively stable investment environment.
The dynamics between renting and buying in ZIP 70633 are further supported by the fact that there is no available data on the median days on market (DOM) or the percentage of properties requiring price cuts. However, given the positive cashflow potential and the stable rent-to-price ratio, these metrics likely do not significantly impact the investment decision.
The strongest angle for Section 8 investors in ZIP 70633 is cashflow. The substantial difference between the FMR and the actual market rent ensures that landlords can expect a reliable and positive cashflow from voucher tenants, making it an attractive investment opportunity.
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.