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)
17.3% of the population in ZIP code 70789 are renters, indicating a significant portion of residents who rely on rental properties. This demographic characteristic is crucial for landlords and small-portfolio investors considering the area. The Fair Market Rent (FMR) for ZIP 70789 in fiscal year 2024 is set at $930, which represents the maximum allowable rent for Section 8 housing vouchers. However, the market rent based on Census ACS data is notably lower at $381, suggesting a substantial gap between what the government deems fair and what the local market offers. This discrepancy can be advantageous for landlords who can leverage the higher FMR to secure tenants through the Section 8 program.
$35,000 is the median income in ZIP 70789, a figure that landlords should consider when evaluating potential tenant income levels. Although the median home value is listed as N/A, the lack of data here does not necessarily indicate low property values; it could simply mean insufficient data points for an accurate calculation. Similarly, the Days on Market (DOM) and the percentage of listings that required a price cut are both listed as N/A, which might imply stable pricing conditions or limited data availability. These factors, combined with the other metrics, paint a picture of a market where rental properties could be particularly attractive investments.
The verdict for Section 8 in ZIP 70789 is positive, given the alignment between the high FMR and the significant renter population. Landlords can expect to find a pool of eligible tenants and benefit from the guaranteed rental income, making it a worthwhile consideration for investment.
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.