Location: Baton Rouge, LA | Metro: Baton Rouge, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP 70441 are straightforward. The SAFMR (Section 8 Area Fair Market Rent) for a two-bedroom apartment in this ZIP code is set at $990 for fiscal year 2024. This SAFMR is specifically tailored for ZIP 70441, reflecting the unique rental market conditions here.
Section 8 vouchers are designed to cover the majority of the rent, but not all of it. Landlords receive a reimbursement from the Housing Authority based on the SAFMR, which is then supplemented by the tenant's contribution. The tenant is required to pay 30% of their adjusted income towards rent. For simplicity, let's assume an average adjusted income of $1,650 per month for a household in ZIP 70441, which would mean the tenant's portion of the rent would be approximately $495.
In addition to the base rent, there are utility allowances that can vary. Typically, these allowances range from $100 to $200 per month depending on the number of bedrooms and the specific needs of the household. For a two-bedroom apartment, we'll use a conservative estimate of $150 as the utility allowance.
To calculate the total reimbursement a landlord would receive, add the tenant's portion ($495) and the utility allowance ($150) to the SAFMR ($990). However, the Housing Authority only reimburses up to the SAFMR, so the actual reimbursement would be $990. Therefore, the landlord receives $990, which includes the tenant's $495 and the $150 utility allowance.
This means the landlord will have to absorb the difference between the SAFMR and the tenant's payment. In ZIP 70441, for a two-bedroom unit, the reimbursement gap is $495 ($990 - $495). If the market rent were higher than the SAFMR, the landlord would face an even larger gap. Conversely, if the market rent is lower than the SAFMR, the landlord could see a surplus. However, since the local market rent is currently not available, we cannot determine whether there is a surplus or deficit beyond the reimbursement gap.
In summary, landlords in ZIP 70441 should expect a reimbursement of $990 for a two-bedroom apartment, with a reimbursement gap of $495 due to the tenant's contribution and utility allowance.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.