Baton Rouge appreciation rates and housing market information

Baton Rouge housing market information

With 227,920 people, 97,288 houses or apartments, and a median cost of homes of $167,480, Baton Rouge real estate is some of the most expensive in Louisiana, although Baton Rouge home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Baton Rouge, accounting for 59.88% of the city's housing units. Other types of housing that are prevalent in Baton Rouge include large apartment complexes or high rise apartments (26.56%), duplexes, homes converted to apartments, or other small apartment buildings (9.42%), row houses and other attached homes (3.31%), and a few mobile homes or trailers (0.81%).

People in Baton Rouge primarily live in small (one, two, or no bedroom) single-family detached homes. Baton Rouge has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Baton Rouge's housing was primarily built during this period, from the '40s through the '60s. A full 46.10% of the city's housing hails from this era. Other housing ages represented in Baton Rouge include homes built between 1970-1994 (43.68%), and housing constructed from 1939 and earlier (6.22%). There's also some housing in Baton Rouge built between 1995 and later (4.00%).

Baton Rouge home appreciation rates

Baton Rouge's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Baton Rouge during the period has been just 4.25%, which is lower than % of US communities.

Over the last year, Baton Rouge appreciation rates have trailed the rest of the nation. In the last twelve months, Baton Rouge's appreciation rate has been -0.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Baton Rouge were at 0.32%, which equates to an annual appreciation rate of 1.28%.

Relative to Louisiana, our data show that Baton Rouge's latest annual appreciation rate is higher than 25% of the other cities and towns in Louisiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Baton Rouge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Baton Rouge - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Baton Rouge real estate investment or home purchase decisions.