Baton Rouge, Louisiana Housing Market Prices
Baton Rouge Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 13% below the Louisiana median$148,635
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Median rent 1% above the Louisiana median$1,073
Housing Market Overview
| Metric | Baton Rouge | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $148,635 | $170,446 | $248,835 |
| Price Trend (Annual %) | 2.4% | 4.3% | 7.5% |
| Median Gross Rent | $1,073 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Baton Rouge is about 13% lower than in Louisiana. Rent is about 1% higher than the Louisiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Baton Rouge, up about 2.4% and 3.8% a year respectively. Rent is changing faster.
Median rent in Baton Rouge rose about 36.3% between 2015 and 2024, from $788 to $1,073. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Baton Rouge.
Buying the median-priced home in Baton Rouge costs roughly 11.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Baton Rouge. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Baton Rouge | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $148,635 | $170,446 | $248,835 |
| Median Household Income | $50,685 | $60,934 | $80,455 |
| Price-to-Income Ratio | 2.9 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Baton Rouge rose about 8.1%, while median household income rose about 36.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Baton Rouge | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 39.8% | 57.7% | 58.5% |
| Rental Rate | 42.9% | 27.9% | 31.2% |
| Vacancy Rate | 17.3% | 14.4% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Baton Rouge has a homeownership rate of 39.8%, lower than the Louisiana average of 57.7%. Its housing vacancy rate is 17.3%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Baton Rouge | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1976 | 1983 | 1978 |
| Median Number of Rooms | 4.9 | 5.5 | 5.5 |
The typical housing unit in Baton Rouge was built around 1976. On average, 2.4 people live in a home with about 4.9 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Baton Rouge, Louisiana.
What is the median home price in Baton Rouge, Louisiana?
The median home price in Baton Rouge, Louisiana is $148,635, lower than the Louisiana average of $170,446.
What is the average home price in Baton Rouge, Louisiana?
The typical home price in Baton Rouge, Louisiana, reported as the median sale price, is $148,635. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Baton Rouge, Louisiana?
The median gross rent in Baton Rouge, Louisiana is $1,073 per month, higher than the Louisiana average of $1,063.
What was the median gross rent in Baton Rouge in 2020?
In 2020, the median gross rent in Baton Rouge, Louisiana was $888 per month.
What is the price-to-rent ratio in Baton Rouge, Louisiana?
The price-to-rent ratio in Baton Rouge, Louisiana is about 11.5, meaning it would take roughly 11.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Baton Rouge.
Are home prices or rent rising faster in Baton Rouge, Louisiana?
Both home prices and rent are rising in Baton Rouge, up about 2.4% and 3.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Baton Rouge, Louisiana?
39.8% of households in Baton Rouge, Louisiana own their home, lower than the Louisiana average of 57.7%.
What is the vacancy rate in Baton Rouge, Louisiana?
The housing vacancy rate in Baton Rouge, Louisiana is 17.3%, higher than the Louisiana average of 14.4%.
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