Location: Baton Rouge, LA | Metro: Baton Rouge, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
The available data provides some insights into the characteristics of ZIP code 70786 in Hammond, LA, though specific figures for market rent, home value, and median income remain elusive. The Fair Market Rent (FMR) for the metro area, including ZIP 70786, is set at $1,230 for fiscal year 2026 under the Section 8 program.
To better understand the yield potential, a direct comparison with market rents would be ideal. While specific market rent figures for ZIP 70786 were not found in the search results, the presence of the Section 8 program suggests that there is a segment of the population relying on rental assistance, which could influence overall market dynamics.
Regarding stability, the median age in ZIP 70786 is notably younger at 25.5 years compared to the state (38.1 years) and national averages (38.8 years). A younger population might imply less financial stability among tenants, potentially affecting rental income reliability. However, without the exact percentage of renters, days on market (DOM), and median income, a definitive conclusion on stability cannot be drawn.
The search results did not yield specific data points for ZIP 70786, indicating a need for more targeted research to classify the market accurately. Based on the limited information available, ZIP 70786 appears to be neither clearly a high-yield/low-stability flip-style market nor a steady-cashflow zone. It likely falls somewhere in between, with the potential for decent yields due to the Section 8 subsidy, but with questions around long-term stability due to the younger demographic.
Data Sources: FMR data from HUD (2027).
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.