Location: Beauregard Parish, LA | Metro: Beauregard Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $620 |
| 1 Bedroom | $680 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,090 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The ZIP code 70653 is situated in a neighborhood that is predominantly owner-occupied, with only 14.6% of the population being renters. This suggests a community where most residents own their homes, indicating a stable and possibly family-oriented area. The median household income in this region stands at $69,318, which is relatively high and could imply a good economic standing among its residents. However, the median home value is notably lower at $134,170, suggesting that the area may be more affordable compared to other regions with similar incomes.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 70653 as set by HUD for the metro area in fiscal year 2026 is $880. In contrast, the actual market rent, as per the Census Bureau's American Community Survey (ACS), is significantly lower at $602. This discrepancy between the FMR and the market rent presents an opportunity for investors to leverage the higher FMR rates while operating in a market with lower average rents.
Given these figures, ZIP 70653 would suit both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the difference between the FMR and market rent means they can receive higher payments from the government while charging tenants market rates, thus ensuring profitability without needing to actively manage property improvements. On the other hand, value-add buyers might find potential in the low median home value, which could allow them to purchase properties at a discount and then improve them to command higher rents closer to the FMR, thereby increasing their returns on investment.
To conclude, ZIP 70653 offers a blend of affordability and economic stability that makes it attractive for Section 8 investors. Whether you're looking for a steady, low-maintenance income stream or a chance to add value through renovations, the data points to a promising investment environment.
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.