Location: Beauregard Parish, LA | Metro: Allen Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 70637 presents several challenges for landlords considering participation in the Section 8 program. First, the tenant turnover rate can be higher due to the discrepancy between market rents and the Fair Market Rent (FMR) set at $880 for fiscal year 2026. This difference may lead to tenants seeking more affordable options, increasing the likelihood of frequent moves. Second, the ZIP code's vacancy exposure is significant given the lack of data on days on market (DOM), which suggests that properties may remain vacant longer than expected. This extended vacancy period can result in lost rental income and increased costs for property management. Third, there is a notable risk of deferred maintenance, especially considering the median income of $125,456. While this figure might seem high, it does not necessarily correlate with the ability of tenants to cover maintenance costs beyond their rental obligations, leading to potential financial strain on the landlord.
However, these risks must be weighed against the high concentration of renters in the area, with 16.9% of residents being renters. High renter density typically indicates a strong demand for housing assistance vouchers, such as those offered through Section 8. This demand can stabilize occupancy rates and ensure a steady stream of rental income, mitigating some of the risks associated with vacancy and turnover.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.