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)
ZIP code 70762 is situated within the Baton Rouge, LA HUD Metro Fair Market Rent (FMR) area. Its fair market rent for FY 2024 is set at $1010. However, the market rent data is currently unavailable, which means we must rely on the FMR and other indicators to assess its position within the metro.
The median home value in ZIP 70762 is $299,725, and the renter share is 13.5%. These figures can be used to infer the nature of this ZIP code relative to the typical neighborhoods within the Baton Rouge metro. When comparing these specifics, it's important to note that the absence of market rent data introduces an element of uncertainty. Nonetheless, the fair market rent of $1010 provides a benchmark for evaluating rental properties.
Based on the available data, ZIP 70762 appears to be a mid-tier neighborhood within the Baton Rouge metro. The fair market rent of $1010 suggests that it is neither the most expensive nor the least costly sub-market. Additionally, the median home value of $299,725 aligns with what might be expected for a mid-tier area, indicating a balance between affordability and quality.
The relatively low renter share of 13.5% is noteworthy. Typically, higher renter shares signal areas with more demand for rental housing, which can be beneficial for landlords and small-portfolio investors. However, since the market rent data is not available, we cannot definitively conclude if there is a significant divergence between the fair market rent and the actual market conditions. This low renter share combined with the median home value suggests that while it is not a premium sub-market, it also doesn't fit the profile of a value pocket where home values are significantly lower than the metro average.
In summary, ZIP 70762 seems to represent a balanced option within the Baton Rouge metro, suitable for those seeking a middle ground in terms of property investment. It does not show the characteristics of a Section 8 sweet spot due to the lack of a high renter share coupled with below-metro home values, but it remains a viable location for real estate investments.
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.