The housing market in 70820 Baton Rouge, LA is doing relatively well compared to the US median value. The median value of a house in this area is $264,600, which is slightly below the US median value of $338,100. However, the one year appreciation rate for houses in this area is 8.15%, which is just slightly lower than the national average of 8.27%. This suggests that even though the prices may not be quite as high as other areas of the US, they are still growing at a healthy rate and should continue to do so in the coming years.
The median home cost in Baton Rouge (zip 70820) is $264,600. Home appreciation the last 10 years has been 49.3%. Home Appreciation in Baton Rouge (zip 70820) is up 9.6%.
Average Age of Homes
- The median age of Baton Rouge (zip 70820) real estate is 19 years old
The Rental Market in Baton Rouge (zip 70820)
- Renters make up 66.4% of the Baton Rouge (zip 70820) population
- 9.2% of houses and apartments in Baton Rouge (zip 70820), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.