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St. Mary Parish/Berwick/70342

70342

ZIPSAFMR
St. Mary Parish, LA
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$680$680
1 BR$680$680
2 BR$890$890
3 BR$1,180$1,180
4 BR$1,460$1,460
5 BR$1,679Not available
6 BR$1,931Not available
7 BR$2,220Not available
8 BR$2,554Not available

Purchase Price Calculator

Maximum purchase price
$70,337

Cost breakdown

+Likely effective rent$890
HUD FMRUsed$890
Market rentN/A
Est. payment standardN/A
-Principal and interest-$356
Loan amount$56,270
Down payment$14,067
Rate6.50%
Term30 years
-Operating costs-$334
Property taxes-$70
Insurance-$175
Utilities$0
HOA$0
Management-$89
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$14,624(104.0% ROI)
Projected value
$75,745
Return breakdown
Property appreciation+$5,408
Loan principal paid down+$2,016
Rental cash flow+$7,200
5-year hold
+$24,838(176.6% ROI)
Projected value
$79,580
Return breakdown
Property appreciation+$9,243
Loan principal paid down+$3,595
Rental cash flow+$12,000
10-year hold
+$52,267(371.5% ROI)
Projected value
$90,037
Return breakdown
Property appreciation+$19,700
Loan principal paid down+$8,566
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 70342 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70342 (Berwick, LA) is $890 a month. That is down 2.2% from $910 in FY 2026. Berwick is in the St. Mary Parish, LA non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $997. Among 11 ZIP codes in St. Mary Parish, 70342 is tied for the 10th-highest two-bedroom rent (county range $890–$1,140). The median county two-bedroom FMR in Louisiana is $995, so ZIP 70342 is 11% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 70342
BedroomsFY 2027Change90–110% range
Studio$680−1.4%$612–$748
1BR$680−2.9%$612–$748
2BR$890−2.2%$801–$979
3BR$1,180−0.8%$1,062–$1,298
4BR$1,4600.0%$1,314–$1,606

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 70342
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$680$680$890$1,180$1,460
FY 2026$690$700$910$1,190$1,460
FY 2025$680$690$900$1,180$1,460
FY 2024area FMR$711$740$959$1,241$1,534
FY 2023area FMR$612$680$865$1,109$1,327

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby St. Mary Parish ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 70342
70340$1,020+14.6%
70342Current$890—
70380$1,020+14.6%
70381$1,000+12.4%
70392$950+6.7%
70514$1,070+20.2%
70522$990+11.2%
70523$1,140+28.1%
70538$990+11.2%
70540$1,000+12.4%
70544$8900.0%

Questions about ZIP 70342 rents

How much will Section 8 pay for a two-bedroom in ZIP 70342?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $997, which applies unless the housing authority uses Small Area FMRs, that basic range is $897 to $1,097 a month; under the ZIP-level Small Area FMR of $890 it would be $801 to $979. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 70342 in?

ZIP 70342 is in the St. Mary Parish, LA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $997.

How much did fair market rent change in ZIP 70342 for FY 2027?

The two-bedroom FMR fell 2.2%, from $910 in FY 2026 to $890 in FY 2027. Since FY 2025 it has fallen 1.1%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentBerwick, LA fair market rentLA statewide rentsWhat is SAFMR?Data sources