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Allen Parish/Elton/70532

70532

ZIPSAFMR
Allen Parish, LA
Zillow

ZIP Investment Score

118Above average

095130300
BRFMR
Eff. Rent
0 BR$630$630
1 BR$730$730
2 BR$890$890
3 BR$1,170$1,170
4 BR$1,320$1,320
5 BR$1,518Not available
6 BR$1,746Not available
7 BR$2,008Not available
8 BR$2,309Not 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
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Mortgage rate
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ZIP 70532 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70532 (Elton, LA) is $890 a month. That is up 1.1% from $880 in FY 2026. Elton is in the Allen 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 $910. Among 15 ZIP codes in Allen Parish, 70532 is tied for the 14th-highest two-bedroom rent (county range $890–$1,100). The median county two-bedroom FMR in Louisiana is $995, so ZIP 70532 is 11% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 70532
BedroomsFY 2027Change90–110% range
Studio$6300.0%$567–$693
1BR$730−1.4%$657–$803
2BR$890+1.1%$801–$979
3BR$1,170+2.6%$1,053–$1,287
4BR$1,320−3.6%$1,188–$1,452

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 70532
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$630$730$890$1,170$1,320
FY 2026$630$740$880$1,140$1,370
FY 2025$660$720$900$1,220$1,460
FY 2024area FMR$615$679$822$1,043$1,231
FY 2023area FMR$567$587$740$962$1,120

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

Two-bedroom rent in nearby Allen Parish ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 70532
70532Current$890—
70637$930+4.5%
70638$1,070+20.2%
70640$910+2.2%
70644$910+2.2%
70648$930+4.5%
70651$910+2.2%
70654$920+3.4%
70655$900+1.1%
70656$1,060+19.1%
70657$1,100+23.6%
70658$8900.0%

Questions about ZIP 70532 rents

How much will Section 8 pay for a two-bedroom in ZIP 70532?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $910, which applies unless the housing authority uses Small Area FMRs, that basic range is $819 to $1,001 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 70532 in?

ZIP 70532 is in the Allen Parish, LA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $910.

How much did fair market rent change in ZIP 70532 for FY 2027?

The two-bedroom FMR rose 1.1%, from $880 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 rentElton, LA fair market rentLA statewide rentsWhat is SAFMR?Data sources