Baton Rouge, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Baton Rouge Neighborhoods Since 2000




Baton Rouge, LA Real Estate Data

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 Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Baton Rouge Housing Market Information

With 228,590 people, 88,476 houses or apartments, and a median cost of homes of $165,793, 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 58.08% of the city's housing units. Other types of housing that are prevalent in Baton Rouge include large apartment complexes or high rise apartments ( 28.66%), duplexes, homes converted to apartments or other small apartment buildings ( 9.79%), and a few row houses and other attached homes ( 2.46%).

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 48.11% owning and 51.89% 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 ( 39.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.67%). There's also some housing in Baton Rouge built before 1939 ( 5.36%).

Vacant housing appears to be an issue in Baton Rouge. Fully 13.44% 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

Appreciation rates for homes in Baton Rouge have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.81%, which ranks in the top 30% nationwide. This equates to an annual average Baton Rouge house appreciation rate of 1.03%.

NeighborhoodScout's data show that during the latest twelve months, Baton Rouge's appreciation rate, at 4.38%, has been at or slightly above the national average. In the latest quarter, Baton Rouge's appreciation rate has been 3.69%, which annualizes to a rate of 15.60%.

Importantly, this makes Baton Rouge one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Louisiana, our data show that Baton Rouge's latest annual appreciation rate is higher than 80% 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:
$165,793

Baton Rouge, LA HOME PRICES

Value Range
> $1,130,000 0.8
$847,001 - $1,130,000 2.1
$565,001 - $847,000 2.2
$452,001 - $565,000 3.8
$339,001 - $452,000 7.1
$226,001 - $339,000 14.2
$113,001 - $226,000 36.2
$56,001 - $113,000 24.0
$0 - $56,000 9.5

Very High for LA
Average for Nation

Value Relative to Nation Value Relative to State
44.80941507114 14.2857142857143

Number Of Homes And Apartments:
88,476

Baton Rouge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
59.11% 2.69% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$997 / per month

Homeownership Rate

Homeownership
Owners 48.11
Renters 51.89
Vacant 13.44

Housing Market Details

 

Age of Homes

AGE OF Baton Rouge HOMES
2000 or Newer 11.7
1970 - 1999 43.6
1940 - 1969 39.3
1939 or Older 5.4

Types of Homes

TYPE OF Baton Rouge HOMES
Single-Family 58.1
Townhomes 2.5
Small Apt. Buildings 9.8
Apt. Complexes 28.7
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Baton Rouge HOMES
No Bedroom 1.90
1 Bedroom 16.39
2 Bedrooms 28.48
3 Bedrooms 38.31
4 Bedrooms 12.69
5 or more bedrooms 2.23