Location: St. Landry Parish, LA | Metro: St. Landry Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
ZIP 70750, located in St. Landry Parish, LA, is an ideal cash-flow anchor for a Section 8 portfolio strategy. The Federal Market Rent (FMR) for a one-bedroom unit in this ZIP code for fiscal year 2024 is set at $1150, which significantly exceeds the current market rent of $621. This creates a strong positive spread that ensures consistent cash flow for landlords and small-portfolio investors.
The median home value in ZIP 70750 stands at $112,820, making it an affordable area for property acquisition. However, the key financial benefit comes from the disparity between the FMR and the actual market rents. By leveraging Section 8 vouchers, landlords can secure tenants willing to pay the higher FMR rate, thereby generating a reliable income stream that outpaces typical market conditions.
This ZIP code does not present significant opportunities for appreciation plays, as there is no substantial data indicating a high price-cut share or days on market (DOM) trends that would suggest rising property values. Additionally, the renter share in ZIP 70750 is 23.9%, which is not particularly high, and the median income is $38,466, further supporting the cash-flow anchor classification over diversification.
In summary, ZIP 70750 serves best as a cash-flow anchor within a Section 8 portfolio due to the favorable spread between the FMR and market rents, ensuring steady and above-average returns for investors.
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.