Location: Beauregard Parish, LA | Metro: Beauregard Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 70652 are defined by the SAFMR (Small Area Fair Market Rent) rates set by HUD for the fiscal year 2026. For a two-bedroom apartment in this ZIP code, the SAFMR is $880. This figure represents the maximum amount that the housing authority will pay towards a tenant's rent under the Section 8 program. It is important to note that the local market rent, according to the Census ACS, is slightly lower at $831.
A landlord participating in the Section 8 program should understand how the total rental payment is structured. The tenant is responsible for paying a portion of the rent, typically around 30% of their income. If we assume an average income for a tenant eligible for Section 8, their portion might be approximately $264 per month. This leaves the housing authority to cover the remaining balance up to the SAFMR of $880.
In addition to the base rent, landlords also receive utility allowances. These allowances vary but can significantly impact the overall compensation received. For a two-bedroom unit, the utility allowance might be around $200 per month, which is paid directly to the landlord.
To illustrate, if the total rent for a two-bedroom apartment is $880 and the tenant pays $264, the housing authority would cover the difference of $616. Including the utility allowance, the landlord would receive a total of $816 per month. However, since the local market rent is $831, there is a shortfall of $15 per month when compared to the average market rate.
It is crucial for landlords to consider these economic factors when deciding whether to participate in the Section 8 program. While the program ensures timely payments and a stable tenant base, it may result in a small financial gap relative to the local market rent. In ZIP 70652, landlords should expect a reimbursement gap of $15 for a two-bedroom unit, based on the SAFMR and local market rent figures provided.
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.