Location: Baton Rouge, LA | Metro: Baton Rouge, LA HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 70756 in the Baton Rouge, LA HUD Metro FMR area reveals several key points that are crucial for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for this area is set at $1150 for the fiscal year 2024. However, the market rent data is currently unavailable, which means direct comparisons cannot be made. Despite this gap, it's important to note that voucher tenants in this region typically cashflow at the FMR rate, indicating that landlords can expect stable income without the need for premium units.
The median home value in ZIP 70756 is also not available at this time. This makes deriving an exact rent-to-price ratio challenging; however, we can infer that the lack of specific market rent data might suggest a less competitive rental market. This could mean that landlords have more flexibility in setting rents without needing to match the highest bids in the area.
Regarding the days on market (DOM) and price-cut share, both pieces of information are currently unavailable. Nonetheless, these metrics would provide insight into the local real estate market's health and how quickly properties are moving. In the absence of these details, it's reasonable to focus on the existing data to make informed decisions.
The strongest angle for investors in ZIP 70756 is likely to be cashflow. Given that voucher tenants can maintain positive cashflow at the HUD FMR rate, landlords can secure reliable rental income without the need for extensive renovations or upgrades to attract tenants. This makes ZIP 70756 a favorable investment zone for those prioritizing steady, predictable returns over speculative growth strategies.
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.