Location: Allen Parish, LA | Metro: Allen Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 70651 in metro FY 2026 is set at $830. This figure represents the payment standard under the Section 8 housing program, meaning that if you participate, the government will pay up to $830 per month for a standard unit. It's important to note that this is not the amount tenants will pay in rent; it's the maximum subsidy level.
Comparatively, there is no local market rent data available for ZIP 70651, which makes the FMR of $830 the primary reference point for determining rental rates under the Section 8 program. However, the lack of local data does not necessarily indicate a mismatch between the subsidy and the actual market conditions.
The 0.0% renter share statistic suggests that there is currently no significant demand for rentals in this area based on the available data. This could mean that finding tenants might be challenging, though it doesn't account for potential demand among Section 8 participants specifically.
Regarding the acquisition cost, there is also no specific data provided, making it difficult to assess how much it would cost to purchase a property in this ZIP code. However, this should not be the sole factor in your decision. Instead, consider the overall financial stability and long-term benefits of participating in the Section 8 program.
Before committing to a Section 8 rental property in ZIP 70651, verify that the property meets all necessary quality standards set by the Housing Authority. These standards ensure that the units are safe, decent, and sanitary, and failure to comply can result in penalties or loss of participation in the program.
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.