Location: Baton Rouge, LA | Metro: Baton Rouge, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
The HUD Fair Market Rent (FMR) for ZIP code 70704 in Baton Rouge, LA, for fiscal year 2024 is set at $1280. This figure represents the maximum amount that voucher holders can pay towards their monthly rental costs. However, due to the lack of available market rent data, it's challenging to provide a direct comparison between the HUD FMR and actual market rents. To understand the cashflow potential for Section 8 investors in this area, we must rely on the FMR as our primary benchmark.
The median home value in ZIP 70704 is also not available, which makes deriving an accurate rent-to-price ratio difficult. Typically, this ratio would help us gauge whether renting or buying is more financially beneficial for residents, but without the necessary data, we cannot make this calculation. The absence of daily median Days on Market (DOM) and the percentage of price cuts shared further complicates a thorough analysis of the local real estate market's dynamics.
Given the limited market rent information, we can infer that voucher tenants will likely cashflow at the FMR rate of $1280, assuming that the actual market rents do not significantly exceed this amount. If market rents are indeed higher, then cashflow might only be achievable with premium units or through strategic cost management. In the absence of clear market rent data, relying on the FMR as a guideline is prudent for investors.
The strongest angle for Section 8 investors in ZIP 70704 appears to be stability. With the HUD FMR providing a reliable baseline for rental income, investors can expect consistent cashflow from voucher tenants, making this investment option particularly attractive for those seeking long-term financial security in their real estate portfolio.
Data Sources: FMR data from HUD (2027).
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.