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Calcasieu Parish/Lake Charles/70605

70605

ZIPSAFMR
Calcasieu Parish, LA
Zillow

ZIP Investment Score

126Above average

095130300
BRFMR
Eff. Rent
0 BR$1,120$870
1 BR$1,130$920
2 BR$1,480$1,020
3 BR$1,760$1,570
4 BR$2,060$2,140
5 BR$2,369Not available
6 BR$2,724Not available
7 BR$3,133Not available
8 BR$3,603Not available

Purchase Price Calculator

Maximum purchase price
$89,655

Cost breakdown

+Likely effective rent$1,020
HUD FMR$1,480
Market rentUsed$1,020
Est. payment standard (90%)$1,330
-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

Studio
1.29
1 BR
1.23
2 BR
1.45
3 BR
1.12
4 BR
0.94
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 70605 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70605 (Lake Charles, LA) is $1,480 a month. That is down 2.6% from $1,520 in FY 2026. Lake Charles is in the Lake Charles, 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 $1,231. Among 22 ZIP codes in Calcasieu Parish, 70605 is tied for the highest two-bedroom rent (county range $1,100–$1,480). The median county two-bedroom FMR in Louisiana is $995, so ZIP 70605 is 49% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 70605
BedroomsFY 2027Change90–110% range
Studio$1,120−2.6%$1,008–$1,232
1BR$1,130−2.6%$1,017–$1,243
2BR$1,480−2.6%$1,332–$1,628
3BR$1,760−3.3%$1,584–$1,936
4BR$2,060+2.5%$1,854–$2,266

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 70605
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,120$1,130$1,480$1,760$2,060
FY 2026$1,150$1,160$1,520$1,820$2,010
FY 2025$1,120$1,130$1,470$1,780$1,950
FY 2024$1,080$1,090$1,400$1,730$1,860
FY 2023$970$980$1,260$1,580$1,690

Two-bedroom rent in nearby Calcasieu Parish ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 70605
70601$1,100−25.7%
70602$1,230−16.9%
70605Current$1,480—
70606$1,230−16.9%
70607$1,190−19.6%
70609$1,340−9.5%
70611$1,390−6.1%
70612$1,230−16.9%
70615$1,210−18.2%
70616$1,230−16.9%
70629$1,230−16.9%
70630$1,100−25.7%

Questions about ZIP 70605 rents

How much will Section 8 pay for a two-bedroom in ZIP 70605?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,231, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,108 to $1,354 a month; under the ZIP-level Small Area FMR of $1,480 it would be $1,332 to $1,628. 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 70605 in?

ZIP 70605 is in the Lake Charles, LA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,231.

How much did fair market rent change in ZIP 70605 for FY 2027?

The two-bedroom FMR fell 2.6%, from $1,520 in FY 2026 to $1,480 in FY 2027. Since FY 2023 it has risen 17.5%.

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