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Vermilion Parish/Abbeville/70510

70510

ZIPSAFMR
Vermilion Parish, LA
Zillow

ZIP Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$660$660
1 BR$830$830
2 BR$900$900
3 BR$1,180$1,180
4 BR$1,180$1,180
5 BR$1,357Not available
6 BR$1,561Not available
7 BR$1,795Not available
8 BR$2,064Not available

Purchase Price Calculator

Maximum purchase price
$71,823

Cost breakdown

+Likely effective rent$900
HUD FMRUsed$900
Market rentN/A
Est. payment standardN/A
-Principal and interest-$363
Loan amount$57,459
Down payment$14,365
Rate6.50%
Term30 years
-Operating costs-$337
Property taxes-$72
Insurance-$175
Utilities$0
HOA$0
Management-$90
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$14,781(102.9% ROI)
Projected value
$77,346
Return breakdown
Property appreciation+$5,523
Loan principal paid down+$2,059
Rental cash flow+$7,200
5-year hold
+$25,109(174.8% ROI)
Projected value
$81,261
Return breakdown
Property appreciation+$9,438
Loan principal paid down+$3,671
Rental cash flow+$12,000
10-year hold
+$52,864(368.0% ROI)
Projected value
$91,940
Return breakdown
Property appreciation+$20,117
Loan principal paid down+$8,747
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 70510 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70510 (Abbeville, LA) is $900 a month. That is up 5.9% from $850 in FY 2026. Abbeville is in the Vermilion 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 $899. Among 12 ZIP codes in Vermilion Parish, 70510 is tied for the 8th-highest two-bedroom rent (county range $890–$1,350). The median county two-bedroom FMR in Louisiana is $995, so ZIP 70510 is 10% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 70510
BedroomsFY 2027Change90–110% range
Studio$660+13.8%$594–$726
1BR$830+7.8%$747–$913
2BR$900+5.9%$810–$990
3BR$1,180+5.4%$1,062–$1,298
4BR$1,180+4.4%$1,062–$1,298

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 70510
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$660$830$900$1,180$1,180
FY 2026$580$770$850$1,120$1,130
FY 2025$640$850$940$1,240$1,250
FY 2024$590$760$850$1,130$1,130
FY 2023$590$730$830$1,060$1,110

Two-bedroom rent in nearby Vermilion Parish ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 70510
70510Current$900—
70526$890−1.1%
70528$9000.0%
70529$920+2.2%
70533$930+3.3%
70542$1,100+22.2%
70548$890−1.1%
70555$1,350+50.0%
70560$970+7.8%
70575$9000.0%
70578$930+3.3%
70592$1,120+24.4%

Questions about ZIP 70510 rents

How much will Section 8 pay for a two-bedroom in ZIP 70510?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $899, which applies unless the housing authority uses Small Area FMRs, that basic range is $809 to $989 a month; under the ZIP-level Small Area FMR of $900 it would be $810 to $990. 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 70510 in?

ZIP 70510 is in the Vermilion Parish, LA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $899.

How much did fair market rent change in ZIP 70510 for FY 2027?

The two-bedroom FMR rose 5.9%, from $850 in FY 2026 to $900 in FY 2027. Since FY 2023 it has risen 8.4%.

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