Location: Baton Rouge, LA | Metro: Baton Rouge, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,070 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $2,120 |
| 5 Bedrooms | $2,459 |
| 6 Bedrooms | $2,754 |
| 7 Bedrooms | $2,974 |
| 8 Bedrooms | $3,123 |
U.S. Census Bureau data (2024)
The dynamics of ZIP code 70712 present a unique market where the majority of residents are renters, indicated by the strong 83.9% renter share. This high percentage suggests a significant long-term housing pressure, as fewer homeowners imply less stability in the local economy and higher turnover rates, which can be both opportunities and challenges for landlords and small-portfolio investors.
The Fair Market Rent (FMR) for ZIP 70712 is set at $1110 for fiscal year 2024, providing a benchmark for rental pricing in the area. However, the absence of specific data on current market rents, price-cut shares, days on market (DOM), and median home values makes it difficult to conclusively determine whether supply outpaces demand or vice versa. Nonetheless, the high renter share points towards a market that heavily relies on rental properties, potentially indicating a robust demand for rental units.
In such a market, landlords and small-portfolio investors must remain vigilant and adaptive. The high reliance on rentals could mean that tenants are more sensitive to price changes, necessitating competitive pricing strategies to attract and retain tenants. Additionally, the lack of recent sales data might indicate a slow-moving market for home purchases, further emphasizing the importance of the rental sector.
The trajectory of this market can be inferred from the high renter share and the established FMR. Landlords should focus on maintaining attractive, well-managed properties to compete effectively in a market with high tenant turnover. For small-portfolio investors, diversification and strategic property management are key to success in ZIP 70712, given the heavy emphasis on rental properties.
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.