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 |
The ZIP code 70895 in Baton Rouge County, Louisiana, presents a unique profile for real estate analysis, particularly for those interested in Section 8 housing. Due to the lack of specific demographic data such as resident count, percentage of renters, median income, and median home value, the primary focus shifts to the economic viability of accepting Section 8 vouchers within this area.
A critical factor for landlords and small-portfolio investors is the Fair Market Rent (FMR) established by HUD for the fiscal year 2024. In ZIP 70895, the FMR is set at $1280, which represents the maximum amount that a landlord can receive for a rental unit under the Section 8 program. This figure is essential for calculating the potential rental income when considering properties for Section 8 tenants.
The absence of detailed market rent data means that the FMR serves as a benchmark for rental rates in the area. However, without knowing the exact market rent, it's challenging to determine how competitive the FMR is compared to non-subsidized rents. Landlords should consider local market conditions and consult with local real estate agents or property managers to understand the actual rental prices and demand for subsidized housing in ZIP 70895.
When evaluating the stability of ZIP 70895 based on the available data, the lack of comprehensive figures makes it difficult to draw definitive conclusions. The unknowns regarding the resident count, rental percentages, and median values suggest either a transitional area where data is still being compiled or an area with limited statistical representation. For investors looking to enter this market, it is advisable to conduct thorough due diligence and gather additional localized data to assess the true nature of the real estate landscape.
In summary, while the FMR of $1280 provides a clear financial anchor for Section 8 rentals in ZIP 70895, the incomplete data signature leaves many questions unanswered about the broader economic and social context. Investors should proceed with caution, using the FMR as a starting point but supplementing it with other sources of information to make informed decisions. The data suggests a transitional environment, requiring careful consideration before committing resources.
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.