Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | East Baton Rouge Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $202,099 | $166,764 | $242,182 |
| Price Trend (Annual %) | 5.6% | 4.5% | 8.2% |
| Median Gross Rent | $1,121 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in East Baton Rouge Parish is about 21% higher than in Louisiana. Rent is about 8% higher than the Louisiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in East Baton Rouge Parish, up about 5.6% and 4.0% a year respectively. Home prices are changing faster.
Median rent in East Baton Rouge Parish rose about 33.1% between 2015 and 2023, from $842 to $1,121. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in East Baton Rouge Parish.
Buying the median-priced home in East Baton Rouge Parish costs roughly 15.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in East Baton Rouge Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | East Baton Rouge Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $202,099 | $166,764 | $242,182 |
| Median Household Income | $62,869 | $60,029 | $78,145 |
| Price-to-Income Ratio | 3.2 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in East Baton Rouge Parish rose about 47.1%, while median household income rose about 42.3% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | East Baton Rouge Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.4% | 57.3% | 58.2% |
| Rental Rate | 34.9% | 27.8% | 31.3% |
| Vacancy Rate | 14.7% | 14.8% | 10.6% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
East Baton Rouge Parish has a homeownership rate of 50.4%, lower than the Louisiana average of 57.3%. Its housing vacancy rate is 14.7%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | East Baton Rouge Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1984 | 1982 | 1978 |
| Median Number of Rooms | 5.2 | 5.5 | 5.5 |
The typical housing unit in East Baton Rouge Parish was built around 1984. On average, 2.5 people live in a home with about 5.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in East Baton Rouge Parish, Louisiana.
What is the median home price in East Baton Rouge Parish, Louisiana?
The median home price in East Baton Rouge Parish, Louisiana is $202,099, higher than the Louisiana average of $166,764.
What is the average home price in East Baton Rouge Parish, Louisiana?
The typical home price in %s, reported as the median sale price, is %s. 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 East Baton Rouge Parish, Louisiana?
The median gross rent in East Baton Rouge Parish, Louisiana is $1,121 per month, higher than the Louisiana average of $1,038.
What was the median gross rent in East Baton Rouge Parish in 2020?
In 2020, the median gross rent in East Baton Rouge Parish, Louisiana was $936 per month.
What is the price-to-rent ratio in East Baton Rouge Parish, Louisiana?
The price-to-rent ratio in East Baton Rouge Parish, Louisiana is about 15.0, meaning it would take roughly 15.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in East Baton Rouge Parish.
Are home prices or rent rising faster in East Baton Rouge Parish, Louisiana?
Both home prices and rent are rising in East Baton Rouge Parish, up about 5.6% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in East Baton Rouge Parish, Louisiana?
50.4% of households in East Baton Rouge Parish, Louisiana own their home, lower than the Louisiana average of 57.3%.
What is the vacancy rate in East Baton Rouge Parish, Louisiana?
The housing vacancy rate in East Baton Rouge Parish, Louisiana is 14.7%, lower than the Louisiana average of 14.8%.