Location: Allen Parish, LA | Metro: Allen Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,180 |
| 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 ZIP code 70654 presents a unique snapshot of the housing market, particularly concerning rental dynamics. With a Fair Market Rent (FMR) of $1,020 as of the fiscal year 2026, it's clear that the rental market is defined by government standards rather than private sector pricing, indicating a possible lack of robust private rental activity.
The absence of data on market rent, price-cut share, days on market (DOM), and median home value suggests a market that is either underdeveloped or highly regulated, making it challenging to gauge the true supply-demand balance through conventional metrics. However, the zero percent renter share points to a predominantly owner-occupied environment, which can imply several things about the local housing pressures and dynamics.
In such an environment, the scarcity of renters could indicate a strong preference among residents for homeownership, potentially due to stable employment opportunities, low mortgage rates, or cultural factors favoring property ownership. This high rate of owner-occupancy might also reflect a limited availability of rental units, suggesting that any new rental properties could be quickly absorbed by the market, albeit at a rate dictated by FMR guidelines.
The dynamics in ZIP 70654 suggest a market where long-term housing stability is prioritized over short-term rental flexibility. Landlords and small-portfolio investors must consider these factors when evaluating the potential for rental income in this area. The reliance on FMR for setting rental prices underscores the importance of understanding federal guidelines and how they impact local rental economics.
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.