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 | $1,040 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,530 | $181,235 | 0.84% | C |
| 4BR | $1,940 | $206,107 | 0.94% | C |
U.S. Census Bureau data (2024)
The median income in ZIP code 70819 stands at $73,561. This figure is crucial when considering the affordability of housing for residents. The market rate for rent in this area, according to the Census ACS, is $1,356 per month. Given the median income, this suggests that the average household spends approximately 20% of their monthly income on rent, which is within the generally accepted range of affordability but still represents a significant portion of their earnings.
However, the comparison to the Federal Market Rent (FMR) standard for voucher payments in fiscal year 2024, which is set at $1,440, reveals an interesting dynamic. This means that the voucher payment is slightly higher than the market rate, indicating that households with vouchers might have an advantage in securing housing. For landlords, this presents a scenario where accepting Section 8 vouchers could potentially offer a more stable rental income compared to relying solely on market-rate rents.
With only 8.1% of the 4,322 population being renters, the competition among landlords is relatively low. This smaller rental market implies that landlords have fewer competitors but also face challenges in finding enough tenants to fill properties. The affordability gap, where the market rate is lower than the voucher payment, could be a deciding factor for landlords looking to optimize their occupancy rates and financial stability.
For landlords and small-portfolio investors considering their strategy for renting out properties in ZIP 70819, the takeaway is clear. Accepting Section 8 vouchers could be beneficial due to the higher payment standards relative to the market rate. This approach would help mitigate the risk of vacancies in a market where the number of potential renters is limited. Additionally, it aligns with the financial reality of the local population, making it a practical choice for ensuring consistent tenancy and income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.