Baton Rouge Housing Market – Real Estate Investors Favorable Opinion
NOTE: I don’t know exactly where the author is getting their numbers or if this is entirely valid….just sharing it https://goliathanalysis.com/baton-rouge-la/
Bill Cobb, Greater Baton Rouge’s Home Appraiser
“In the last 10 years, Baton Rouge has experienced some of the highest home appreciation rates of any community in the nation. Baton Rouge real estate appreciated 47.35% over the last ten years, which is an average annual home appreciation rate of 3.95%, putting Baton Rouge in the top 10% nationally for real estate appreciation. For a real estate investor, Baton Rouge definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Baton Rouge that despite a nationwide downturn in the housing market, Baton Rouge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Baton Rouge appreciation rates continue to be some of the highest in America, at 7.00%, which is higher than appreciation rates in 72.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Baton Rouge. Baton Rouge appreciation rates in the latest quarter were at 1.87%, which equates to an annual appreciation rate of 7.71%.
Relative to Louisiana, our data show that Baton Rouge’s latest annual appreciation rate is higher than 70% of the other cities and towns in Louisiana.”