Location: Hammond, 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 | $215,239 | 0.63% | D |
U.S. Census Bureau data (2024)
The rent math in ZIP code 70466 is favorable but requires careful consideration. The Fair Market Rent (FMR) set at $1000 for fiscal year 2024 is slightly higher than the market rent of $941 reported by the Census Bureau's American Community Survey (ACS). This suggests that landlords can potentially charge rents close to the FMR, but they must ensure their property management costs do not exceed the difference.
Acquisition in this area is relatively affordable. With a median home value of $196,530, purchasing properties should be within reach for most small-portfolio investors. However, the lack of data on days on market (DOM) and the percentage of homes that have been discounted indicates uncertainty around the current housing market dynamics. This could mean either stable prices or unpredictable fluctuations, depending on broader economic conditions.
Tenant demand in ZIP 70466 is strong. The population stands at 10,148, with 33.0% of residents being renters. This substantial renter base supports the viability of rental properties in the area. Landlords can expect a steady stream of potential tenants looking for affordable housing options.
Overall, ZIP 70466 presents a balanced opportunity for real estate investment. While the rent differential is modest, the affordability of acquisitions and robust tenant demand make it a viable option. Investors should focus on cost-effective property management to maximize returns. Additionally, monitoring local market trends closely will be essential to navigate any changes in the housing market effectively.
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.