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Assumption Parish/Morgan City/70380

70380

ZIPSAFMR
Assumption Parish, LA
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$780$780
1 BR$810$810
2 BR$1,020$1,020
3 BR$1,340$1,340
4 BR$1,650$1,650
5 BR$1,897Not available
6 BR$2,182Not available
7 BR$2,509Not available
8 BR$2,886Not available

Purchase Price Calculator

Maximum purchase price
$89,655

Cost breakdown

+Likely effective rent$1,020
HUD FMRUsed$1,020
Market rentN/A
Est. payment standardN/A
-Principal and interest-$453
Loan amount$71,724
Down payment$17,931
Rate6.50%
Term30 years
-Operating costs-$367
Property taxes-$90
Insurance-$175
Utilities$0
HOA$0
Management-$102
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,663(92.9% ROI)
Projected value
$96,549
Return breakdown
Property appreciation+$6,894
Loan principal paid down+$2,570
Rental cash flow+$7,200
5-year hold
+$28,364(158.2% ROI)
Projected value
$101,437
Return breakdown
Property appreciation+$11,781
Loan principal paid down+$4,582
Rental cash flow+$12,000
10-year hold
+$60,030(334.8% ROI)
Projected value
$114,766
Return breakdown
Property appreciation+$25,111
Loan principal paid down+$10,919
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 70380 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70380 (Morgan City, LA) is $1,020 a month. That is up 5.2% from $970 in FY 2026. Morgan City is in the Assumption Parish, LA HUD Metro 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 metro-wide two-bedroom FMR of $932. Among 9 ZIP codes in Assumption Parish, 70380 has the 5th-highest two-bedroom rent (county range $920–$1,380). The median county two-bedroom FMR in Louisiana is $995, so ZIP 70380 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 70380
BedroomsFY 2027Change90–110% range
Studio$780+5.4%$702–$858
1BR$810−3.6%$729–$891
2BR$1,020+5.2%$918–$1,122
3BR$1,340+4.7%$1,206–$1,474
4BR$1,650+5.1%$1,485–$1,815

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 70380
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$780$810$1,020$1,340$1,650
FY 2026$740$840$970$1,280$1,570
FY 2025$780$830$1,020$1,330$1,640
FY 2024$830$920$1,030$1,410$1,720
FY 2023$680$770$870$1,180$1,450

Two-bedroom rent in nearby Assumption Parish ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 70380
70301$1,110+8.8%
70339$920−9.8%
70341$1,050+2.9%
70346$1,090+6.9%
70372$1,380+35.3%
70380Current$1,020—
70390$940−7.8%
70391$930−8.8%
70393$940−7.8%

Questions about ZIP 70380 rents

How much will Section 8 pay for a two-bedroom in ZIP 70380?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $932, which applies unless the housing authority uses Small Area FMRs, that basic range is $839 to $1,025 a month; under the ZIP-level Small Area FMR of $1,020 it would be $918 to $1,122. 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 70380 in?

ZIP 70380 is in the Assumption Parish, LA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $932.

How much did fair market rent change in ZIP 70380 for FY 2027?

The two-bedroom FMR rose 5.2%, from $970 in FY 2026 to $1,020 in FY 2027. Since FY 2023 it has risen 17.2%.

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 rentMorgan City, LA fair market rentLA statewide rentsWhat is SAFMR?Data sources