Location: Beauregard Parish, LA | Metro: Beauregard Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,130 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
880 FMR (metro FY 2026) indicates the Fair Market Rent for ZIP code 70660 is set at $880 per month, reflecting the rental value benchmark for the area. 1.8% renter share shows that only a small fraction of the population in this ZIP code are renters, suggesting a competitive market for those seeking tenants. $111,707 median income highlights the financial stability of the residents in 70660, which can be advantageous for landlords ensuring timely rent payments. While the market rent (N/A), median home value (N/A), days on market (DOM) (N/A-day), and price-cut share (N/A%) data are unavailable, the existing figures provide a solid foundation for understanding the local rental dynamics.
Landlords and small-portfolio investors should focus on maintaining properties that offer good value to attract the 1.8% of potential renters. With a median income of $111,707, residents have the financial capacity to afford higher-quality rentals, but competition remains low due to the limited renter base. This ZIP code's reliance on the $880 FMR for setting rental prices underscores the importance of aligning with HUD guidelines to ensure compliance and maximize occupancy rates.
The lack of detailed market data makes it challenging to predict exact trends, but the stable median income suggests that tenants will likely have consistent earnings to cover their rent. For investors looking to leverage Section 8 programs, the $880 FMR serves as a critical reference point for setting competitive rental rates while adhering to government standards.
Verdict: Section 8 is viable in ZIP 70660, given the low renter share and stable median income, but landlords must adhere to the $880 FMR to remain competitive and compliant.
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.