Baton Rouge, LA is a great city for those looking to buy a house. The median value of housing in Baton Rouge is $200,900, which is significantly lower than the US House Median Value of $338,100. Despite the lower cost of housing, there has been a healthy 8.15% appreciation in home prices over the past year, just slightly under the US 1 year House Appreciation rate of 8.27%. With its affordable housing market and steady appreciation in property values, Baton Rouge is an ideal location for both first-time homeowners and experienced investors alike.
The median home cost in Baton Rouge is $200,900. Home appreciation the last 10 years has been 49.3%. Home Appreciation in Baton Rouge is up 9.6%.
Average Age of Homes
- The median age of Baton Rouge real estate is 43 years old
The Rental Market in Baton Rouge
- Renters make up 43.6% of the Baton Rouge population
- 4.5% of houses and apartments in Baton Rouge, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.