Location: Baton Rouge, LA | Metro: Baton Rouge, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
0.0% of the residents in ZIP code 70787 are renters, indicating a predominantly owner-occupied area. This statistic is crucial for landlords and small-portfolio investors looking to assess the demand for rental properties in this region. The Fair Market Rent (FMR) for ZIP 70787 in fiscal year 2024 is set at $1180, which represents the maximum amount that a Section 8 voucher holder can pay towards rent. Given the lack of data on market rent and median home value, it's challenging to compare the FMR to local market conditions. However, the absence of these figures might suggest limited activity or availability of comprehensive housing data in this area.
N/A median income and N/A-day Days on Market (DOM) further highlight the scarcity of detailed economic and real estate performance metrics for ZIP 70787. This gap in information could be due to various factors, including a smaller population size or less frequent transactions, making it difficult to gauge the financial health and property turnover rates of the community. Similarly, the N/A% price-cut share indicates that there isn't enough data to determine how often sellers reduce their asking prices, which is another important metric for investors to consider when evaluating the potential profitability of rental investments in this area.
In conclusion, while the Section 8 Fair Market Rent provides a clear guideline for maximum rental payments, the lack of other critical data points such as market rent, median home values, and income levels suggests that ZIP 70787 may present unique challenges for investors seeking to make informed decisions. The low renter share also implies that the demand for rental properties could be limited. For landlords and small-portfolio investors, ZIP 70787 requires careful consideration and possibly additional research beyond the provided data to fully understand its investment potential.
Verdict: ZIP 70787 is not a prime target for Section 8 investments due to limited rental demand and insufficient economic data.
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.