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 70896 is located in the heart of Unknown, Louisiana, a neighborhood that remains somewhat enigmatic due to limited publicly available demographic data. The population, percentage of renters, median income, and median home value are all marked as N/A, indicating a lack of comprehensive statistical information.
Despite these gaps in demographic details, the rental market in ZIP 70896 offers some insights. The Fair Market Rent (FMR), which is the amount set by the U.S. Department of Housing and Urban Development for the Section 8 program, is $1280 for the fiscal year 2024. This figure serves as a benchmark for rental pricing in the area, though the actual market rent is also listed as N/A, suggesting that there might be a dearth of recent market data.
The absence of detailed local market data makes it challenging to provide a precise comparison between the FMR and market rents. However, for a Section 8 landlord or a small-portfolio investor, the known FMR can still serve as a reliable indicator of the rental income potential. Given the uncertainty around the market rent, the stability offered by the Section 8 program becomes particularly appealing.
In light of the limited data, ZIP 70896 would likely suit a hands-off voucher operator who seeks steady, government-backed rental income without the need for extensive property management or renovation efforts. The lack of specific economic indicators suggests that a hands-on value-add buyer might face challenges in assessing the true potential for improvements and increased profitability. For those looking to leverage the Section 8 program's guarantees, ZIP 70896 represents a stable investment opportunity with a predictable income stream based on the $1280 FMR.
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.