Location: Baton Rouge, LA | Metro: Baton Rouge, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
ZIP code 70827, located within the Baton Rouge, LA HUD Metro FMR Area, has a Fair Market Rent (FMR) of $1280 for fiscal year 2024. This figure reflects the rental cost threshold set by the U.S. Department of Housing and Urban Development (HUD) for eligibility under the Section 8 housing assistance program.
Comparatively, typical ZIP codes within the Baton Rouge, LA HUD Metro FMR Area have a range of FMRs, but specific data points for other ZIPs are not provided here. Given that the market rent, home value, and renter share percentages for ZIP 70827 are listed as 'N/A', it's important to infer based on the available FMR data alone. The absence of market rent and home value figures suggests limited publicly accessible data on these metrics for this specific area.
The FMR of $1280 can be considered when evaluating the overall affordability of housing in the Baton Rouge, LA HUD Metro FMR Area. If we assume that the FMR generally aligns with the median market rent for eligible units, then ZIP 70827 would likely represent a mid-tier neighborhood within its metro. However, without direct comparison to other ZIP codes' FMRs, it's challenging to definitively categorize it as a value pocket or a premium sub-market.
The lack of detailed data on market rents and home values makes it difficult to identify if 70827 is a particularly attractive area for Section 8 participants. Typically, areas with a high percentage of renters and lower-than-average home values are seen as advantageous for those seeking affordable housing options through Section 8. Since the renter share is also 'N/A', it's impossible to make a definitive statement about the potential attractiveness of this ZIP code for Section 8 tenants.
To provide a clearer analysis, further investigation into the market conditions and housing stock of ZIP 70827 would be necessary. Landlords and small-portfolio investors should consider the broader economic context and trends within the Baton Rouge metropolitan area when making decisions about their investments in this ZIP code.
Data Sources: FMR data from HUD (2027).
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.