Location: Lake Charles, 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 ZIP code 70646 is not a renter-heavy area with deep voucher demand. In fact, it is predominantly a homeowner-dominated area where the percentage of renters stands at an extremely low 0.0%. This suggests that the availability of Section 8 vouchers is likely to be scarce, making it a less favorable location for landlords specifically targeting tenants using housing choice vouchers.
The median household income in this ZIP code is notably high at $128,906. However, without specific data on market rents for the area, it's challenging to provide an exact percentage of local income that goes towards typical rent. The Fair Market Rent (FMR) for ZIP 70646 is set at $890 for fiscal year 2024, which serves as a benchmark for rental costs in the region.
Given the high median income and low percentage of renters, landlords in ZIP 70646 can expect a tenant pool that is largely comprised of individuals and families who can afford market-rate rents without the need for subsidies. These tenants are likely to have stable incomes and good credit histories, aligning with the overall economic profile of the area.
To summarize, ZIP 70646 is not ideal for landlords seeking to attract Section 8 tenants due to the scarcity of renters and the high median income level. Instead, landlords should focus on attracting tenants who can pay market rates, which are expected to be higher than the FMR of $890, reflecting the affluent nature of the community.
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.