Location: Baton Rouge, LA | Metro: Baton Rouge, LA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,360 | $267,227 | 0.51% | F |
U.S. Census Bureau data (2024)
The ZIP code 70449 presents a dynamic rental market that is currently balanced but leaning towards demand slightly outpacing supply. This inference is drawn from the comparison between the Fair Market Rent (FMR) set at $1110 for the fiscal year 2024 and the actual market rent reported at $828 based on Census ACS data. The gap suggests that while rents are not artificially inflated, there is still a significant portion of the population willing to pay above the market rate, indicating a steady demand.
The low price-cut share of 0.2% indicates that landlords in this area are not frequently having to reduce their asking prices to attract tenants, which further supports the notion that demand is robust. However, the absence of data on days on market (DOM) prevents a comprehensive assessment of how quickly units are being leased, leaving some ambiguity regarding the speed of transactions.
The median home value in ZIP 70449 is $209,117. This figure, combined with the relatively low renter share of 10.1%, points to an environment where homeownership is more prevalent than renting. Yet, the renter share also reveals a segment of the population that faces challenges in achieving homeownership, likely due to financial constraints or preference for renting. This persistent demand from renters can create long-term housing pressure, especially if the trend towards higher FMRs continues.
In summary, the rental market in ZIP 70449 is characterized by stable conditions with a slight bias towards demand. Landlords can expect steady occupancy rates without needing to frequently adjust their rental prices downward. The modest renter share suggests that while not overwhelming, there remains a consistent group of residents who prefer or need to rent, contributing to the overall stability of the market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.