Location: Iberville Parish, LA | Metro: Iberville Parish, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,270 |
| 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)
The classification of ZIP code 70780 hinges upon its rental market fundamentals and broader economic indicators. With a Fair Market Rent (FMR) of $1020 for the fiscal year 2024, this figure represents the median rent for a standard two-bedroom apartment in the area. However, the lack of specific market rent and home value data complicates a direct comparison for yield analysis.
On the stability axis, ZIP 70780 has notable characteristics that influence investment decisions. The rental market is moderately sized, with 23.2% of residents being renters. This percentage suggests a balanced mix of homeowners and renters, which can be indicative of a stable demand for rental properties. Additionally, the average household income in the area is $88,878. This income level provides a strong financial base for potential tenants, enhancing the likelihood of timely rent payments and reducing tenant turnover rates.
The absence of data on days on market (DOM) for rentals makes it challenging to assess the speed at which properties can be leased, but the higher FMR compared to potentially lower market rents could indicate a high-yield environment. Nonetheless, without specific market rent data, this remains speculative.
Based on the available data, ZIP 70780 leans towards a steady-cashflow zone. The moderate rental population percentage, combined with a robust average income, points towards a reliable tenant pool capable of consistent rent payments. While the high FMR suggests potential for higher yields, the missing market rent data prevents a definitive conclusion on whether this is a high-yield market. For landlords and small-portfolio investors, this ZIP code presents an opportunity for stable returns with the potential for above-average yields, contingent upon the actual market conditions.
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.