Section 8 Fair Market Rent (FMR) for ZIP 70730 - 2027

Location: Baton Rouge, LA | Metro: Baton Rouge, LA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,990

Median Household Income

$64,977

Housing Units

1,758

Renter Percentage

12.2%

Occupancy Rate

84.2%

Renter Occupied

181

The ZIP code 70730, located in Ascension Parish, Louisiana, offers a unique blend of suburban charm and access to urban amenities, making it an attractive location for both residents and investors. The area benefits from a stable economy and a mix of housing types, catering to various demographics.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 70730 for fiscal year 2024 is set at $1080, providing a benchmark for rental pricing.
According to Census ACS data, the average market rent for properties in this ZIP code is currently $738, indicating there's room for growth towards the FMR.
The median home value in ZIP 70730 stands at $231,174, reflecting a moderate cost of living compared to other areas in the state.
Renters make up 12.2% of the population, suggesting a smaller but steady demand for rental properties.
The median income for households in this area is $64,977, which supports a modest level of disposable income for potential tenants.
Note that the Days on Market (DOM) data is not available, which could indicate either a robust sales market or limited recent activity.

Investors looking to enter the rental market in ZIP 70730 should focus on properties priced below the FMR, as they have the potential to increase rents over time without being prohibitively expensive for the local tenant pool. With a median home value under the state average and a median income that aligns well with the current market rent, there is a solid foundation for rental investments. However, the relatively low renter share implies that competition among landlords might be fierce, necessitating attention to property maintenance and location to attract tenants. Overall, the area presents a balanced opportunity for those willing to invest in quality rental units that can command higher rents as the market trends upward toward the FMR.

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.