Section 8 Fair Market Rent (FMR) for ZIP 70748 - 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

6,909

Median Household Income

$77,500

Housing Units

2,017

Renter Percentage

23.1%

Occupancy Rate

74.6%

Renter Occupied

348

The ZIP code 70748, located in Louisiana, represents a suburban area with a mix of residential and commercial properties. This region offers investors a blend of affordability and stability, making it a prime location for both landlords and small-portfolio investors looking to capitalize on rental markets.

The Fair Market Rent (FMR) for ZIP 70748 in fiscal year 2024 is set at $910. This figure provides a benchmark for the rental market, indicating the maximum amount that can be charged for a unit under the Section 8 program.
The average market rent, according to Census ACS data, is currently $785. This suggests that there is potential for rental income to rise closer to the FMR, offering an opportunity for increased cash flow for property owners.
The median home value in ZIP 70748 stands at $197,153. This relatively low price point can be advantageous for investors, as it allows for a higher return on investment when compared to areas with higher home values.
Renters make up 23.1% of the population in this ZIP code. While this percentage indicates a smaller demand for rentals compared to other areas, it still presents a viable market for those focused on providing affordable housing options.
The median income in the area is $77,500. This level of income supports a stable tenant base capable of paying rents that align with the FMR, reducing the risk of default and improving overall portfolio performance.

In summary, ZIP 70748 offers a balanced market with a fair amount of rental opportunities and a stable economic foundation. The gap between the current market rent and the FMR suggests potential for growth in rental income, while the median income level supports a reliable tenant pool. Although the renter share is modest, the combination of these factors makes the area attractive for investors seeking steady returns without excessive risk. The affordability of home values also enhances the potential for profitable investments in this region.

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.