Location: Beauregard Parish, 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 70657 is situated in a suburban neighborhood characterized by a relatively small population of 5,254 residents. Only 6.3% of these residents are renters, indicating a predominantly owner-occupied community. The median household income in this area stands at $60,795, reflecting a middle-class demographic. Median home values are notably high at $239,682, suggesting that homeownership is a significant aspect of the local economy.
From an investment perspective, the rental economics in ZIP 70657 are particularly interesting. The Fair Market Rent (FMR) for the area, as determined by the U.S. Department of Housing and Urban Development for fiscal year 2024, is set at $1,000. This figure contrasts with the actual market rent, which according to the Census Bureau's American Community Survey (ACS), averages $959. This slight premium indicates that properties receiving Section 8 vouchers can command rents slightly above the market average, providing a modest buffer for landlords.
Given the low percentage of renters and the high median home value, ZIP 70657 might not be ideal for hands-off voucher operators looking for high occupancy rates. The limited demand for rental units suggests that a passive approach could result in vacancies. However, for hands-on value-add buyers who are willing to manage their properties closely, there is potential to capitalize on the slight difference between FMR and market rent. These investors could focus on improving property conditions or amenities to attract and retain tenants, thereby maximizing the benefit of the higher FMR rate.
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.