Location: Baton Rouge, LA | Metro: Baton Rouge, LA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,360 | $120,789 | 1.13% | B |
U.S. Census Bureau data (2024)
The ZIP code 70807 is characterized by a renter-heavy environment, with 56.8% of the population being renters. This makes it an attractive area for landlords and small-portfolio investors looking to cater to Section 8 tenants. The median household income in this area is $27,534, indicating a significant portion of the population relies on government assistance to meet their housing needs.
The market rent in ZIP 70807 is set at $1,275, which represents approximately 46.3% of the median household income. This figure highlights the financial strain that typical market rents place on residents, underscoring the importance of affordable housing options such as those supported by Section 8 vouchers. The Fair Market Rent (FMR) for the area, as determined for FY 2024, is $1,040. This means that landlords can expect to receive a payment close to the FMR if they participate in the Section 8 program, making it a viable option for maintaining rental income while providing affordable housing.
In this ZIP code, landlords should anticipate tenants who require the stability and affordability that Section 8 vouchers provide. These tenants are likely to have limited financial resources and may be working low-income jobs or receiving disability benefits. Landlords must be prepared to work with the Housing Authority and comply with the regulations associated with the Section 8 program. Despite these considerations, the high percentage of renters and the alignment between market rents and the FMR suggest that there is a robust demand for subsidized housing in ZIP 70807.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.