Baton Rouge, LA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Baton Rouge, LA Housing Market Trends

With a population of 220,236, 83,733 total housing units (homes and apartments), and a median house value of $179,849, Baton Rouge real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Baton Rouge, accounting for 57.63% of the city's housing units. Other types of housing that are prevalent in Baton Rouge include large apartment complexes or high rise apartments ( 28.85%), duplexes, homes converted to apartments or other small apartment buildings ( 9.12%), and a few row houses and other attached homes ( 3.34%).

The most prevalent building size and type in Baton Rouge are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.94% owning and 52.06% renting.

There is a lot of housing in Baton Rouge built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Baton Rouge built between 1940-1969 ( 34.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.79%). There's also some housing in Baton Rouge built before 1939 ( 5.33%).

Vacant housing appears to be an issue in Baton Rouge. Fully 17.75% of the housing stock is classified as vacant. Left unchecked, vacant Baton Rouge homes and apartments can be a drag on the real estate market, holding Baton Rouge real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 2.02%, which is lower than 70% 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 3.12%, 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 0.72%, which equates to an annual appreciation rate of 2.91%.

Notably, Baton Rouge's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Louisiana, our data show that Baton Rouge's latest annual appreciation rate is lower than 60% 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 2000, to assist you in making the best Baton Rouge real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$179,849

Baton Rouge, LA HOME PRICES

> $1,110,000
1.6%
1.6%
$832,001 - $1,110,000
1.1%
1.1%
$555,001 - $832,000
3.6%
3.6%
$444,001 - $555,000
4.0%
4.0%
$333,001 - $444,000
7.2%
7.2%
$222,001 - $333,000
16.8%
16.8%
$111,001 - $222,000
34.9%
34.9%
$56,001 - $111,000
23.2%
23.2%
$0 - $56,000
7.6%
7.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for LA

Value Relative To Nation

Number Of Homes And Apartments:
83,733

Baton Rouge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
75.30% 2.71%
6
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,198 / per month

Homeownership Rate

Owners
47.9%
47.9%
Renters
52.1%
52.1%
Vacant
17.7%
17.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
15.8%
15.8%
1970 - 1999
44.0%
44.0%
1940 - 1969
34.9%
34.9%
1939 or Older
5.3%
5.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
57.6%
57.6%
Townhomes
3.3%
3.3%
Small Apt. Buildings
9.1%
9.1%
Apt. Complexes
28.8%
28.8%
Mobile Homes
1.1%
1.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.4%
2.4%
1 Bedroom
16.0%
16.0%
2 Bedrooms
28.6%
28.6%
3 Bedrooms
37.2%
37.2%
4 Bedrooms
13.7%
13.7%
5 or more bedrooms
2.0%
2.0%
0.0% 100.0%
% OF HOMES