The housing market in the Baton Rouge, LA Metro Area is thriving with a median home value of $210,800 and an appreciation rate of 7.60% over the last year. This is slightly lower than the national average of 8.27%, however it still indicates healthy growth in the area. Compared to the US House Median Value of $338,100, homes in the Baton Rouge Metro area are more affordable and offer great value for money. The area is attractive to those looking for a new home or an investment property due to its affordability and strong appreciation rate.
The median home cost in Baton Rouge Metro Area is $210,800. Home appreciation the last 10 years has been 49.8%. Home Appreciation in Baton Rouge Metro Area is up 11.5%.
Average Age of Homes
- The median age of Baton Rouge Metro Area real estate is 32 years old
The Rental Market in Baton Rouge Metro Area
- Renters make up 28.3% of the Baton Rouge Metro Area population
- 2.7% of houses and apartments in Baton Rouge Metro Area, 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.