Location: Beauregard Parish, LA | Metro: Allen Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 70662 is located in a tranquil suburban area of Louisiana, characterized by a small, close-knit community. With a total population of just 488 residents, it's clear that this region is sparsely populated and offers a quiet living environment. Only 7.7% of the residents are renters, indicating that homeownership is prevalent, which might suggest a strong sense of community and stability.
The median household income in ZIP 70662 stands at $95,769, reflecting a relatively affluent neighborhood. However, the lack of data on median home values suggests that this area may not have a large number of homes listed for sale, which could indicate limited turnover and a tight real estate market.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940. This figure represents the benchmark for housing costs under the Section 8 program, but without specific market rent data for ZIP 70662, it's challenging to compare how the FMR aligns with local conditions. The absence of market rent data could imply that rental properties are scarce, making the FMR an important reference point for any potential rental investments.
Given these characteristics, ZIP 70662 seems to be more suited for a hands-off voucher operator rather than a hands-on value-add buyer. The low percentage of renters and the limited data available suggest a market where active management and improvements might not yield significant returns. Instead, focusing on stable, long-term investments that cater to the needs of Section 8 tenants appears to be a more practical approach.
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.