Section 8 Fair Market Rent (FMR) for ZIP 70808 - 2027

Location: Baton Rouge, LA | Metro: Baton Rouge, LA HUD Metro FMR Area

Investment Score for ZIP 70808

Monthly Rent (2BR)

$1,300

Median Price (2BR)

$185,687

1% Rule

0.7%

Annual Yield

8.4%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,120
1 Bedroom	$1,150
2 Bedrooms	$1,300
3 Bedrooms	$1,650
4 Bedrooms	$2,080
5 Bedrooms	$2,413
6 Bedrooms	$2,703
7 Bedrooms	$2,919
8 Bedrooms	$3,065

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,300	$185,687	0.7%	D
3BR	$1,650	$359,640	0.46%	F
4BR	$2,080	$548,326	0.38%	F
5BR	$2,413	$726,058	0.33%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

35,843

Median Household Income

$69,418

Housing Units

18,606

Renter Percentage

44.5%

Occupancy Rate

85.6%

Renter Occupied

7,092

The ZIP code 70808 is located in Baton Rouge, Louisiana, a city known for its rich cultural heritage and significant economic activities. This area is particularly interesting for real estate investors due to its diverse demographic makeup and the presence of both rental and homeownership opportunities.

Fair Market Rent (FMR) for ZIP 70808 in fiscal year 2024 is set at $1,410. This figure represents the average monthly rent that a property owner can expect to receive for a standard two-bedroom apartment, providing a benchmark for rental pricing.
The market rent, measured by ZORI (Zillow Observed Rent Index), stands at $1,494 per month. This indicates that the actual rents being charged in the area slightly exceed the FMR, suggesting a potentially favorable environment for landlords.
The median home value in ZIP 70808 is $353,656. This value reflects the typical price of homes in the area, offering insight into the potential resale value for investment properties.
Renters make up 44.5% of the population in this ZIP code. This substantial portion of the market highlights the demand for rental properties, making it a viable option for landlords and small-portfolio investors.
The Days on Market (DOM) for rental listings averages 35 days. This relatively short period suggests a competitive market where properties are quickly leased, reducing vacancy rates and increasing cash flow.
The median household income in ZIP 70808 is $69,418 annually. This income level supports a steady demand for housing, as residents have the financial capability to pay rent or purchase homes, contributing to the stability of the local real estate market.

In summary, ZIP 70808 offers a balanced mix of rental and homeownership opportunities. The slightly higher market rent compared to the FMR, combined with a strong renter share and quick leasing times, presents a robust opportunity for landlords. Additionally, the median income level indicates that there is a consistent demand for housing, which can translate into stable rental income or home values. For small-portfolio investors, this area provides a solid foundation for generating returns through real estate investments.

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.