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Message
Baton Rouge metro has the fastest growing housing prices in the US
Posted on 6/25/25 at 7:45 am
Posted on 6/25/25 at 7:45 am
11
Posted on 6/25/25 at 7:50 am to yaboidarrell
quote:
The median home price in the U.S is currently $441,738, according to Redfin. That’s up more than $140,000 from prices in May 2020.
holy shite
Posted on 6/25/25 at 7:58 am to yaboidarrell
must be a typo
Posted on 6/25/25 at 8:01 am to yaboidarrell
tell that to buyers who haven't bought my house yet
on the market for two months, two price decreases, and no bites
on the market for two months, two price decreases, and no bites
Posted on 6/25/25 at 8:09 am to yaboidarrell
quote:
Why though?
East Baton Rouge will always be a safe place real estate-wise. Mainly due to a fairly stable job market between LSU, State Government, and 3 large hospitals.
Posted on 6/25/25 at 8:12 am to yaboidarrell
And the fastest declining infrastructure
Posted on 6/25/25 at 8:19 am to yaboidarrell
Realtors trying to gin up sales with fake news.
Posted on 6/25/25 at 8:20 am to yaboidarrell
Doesn’t matter though because house sales in BR have gone way down. People are having to price their houses high to get money back from buying the existing house at a stupid high price during Covid.
1: house prices are unnecessarily high and you are a moron if you buy a 13-1400 sq ft house for 350k
2: at 7% interest, it’s like paying 2 mortgages at once
1: house prices are unnecessarily high and you are a moron if you buy a 13-1400 sq ft house for 350k
2: at 7% interest, it’s like paying 2 mortgages at once
Posted on 6/25/25 at 8:24 am to Loup
quote:
The median home price in the U.S is currently $441,738, according to Redfin. That’s up more than $140,000 from prices in May 2020.
Incorrect. The slide for br details the below statement.
Prices are up 33.6% year-over-year in the Baton Rouge metro area. The median home in Baton Rogue is selling for $247,450, according to Redfin.
Posted on 6/25/25 at 9:18 am to TheEnglishman
quote:
Incorrect. The slide for br details the below statement.
I mean...it's still correct.
That statement says the median home price in the US, and the number is correct for the US
Posted on 6/25/25 at 9:28 am to TheEnglishman
quote:
Incorrect. The slide for br details the below statement.
It was stating the increase in the US, not just Baton Rouge.
quote:
Prices are up 33.6% year-over-year in the Baton Rouge metro area. The median home in Baton Rogue is selling for $247,450, according to Redfin.
that's still pretty crazy
Posted on 6/25/25 at 9:28 am to Loup
quote:
The median home price in the U.S is currently $441,738, according to Redfin. That’s up more than $140,000 from prices in May 2020.
Jesus
Posted on 6/25/25 at 9:54 am to yaboidarrell
quote:
Baton Rouge metro has the fastest growing housing prices in the US
Posted on 6/25/25 at 9:59 am to KamaCausey_LSU
quote:
East Baton Rouge will always be a safe place real estate-wise. Mainly due to a fairly stable job market between LSU, State Government, and 3 large hospitals.
I've tried to explain this to people over the years, and it never seems to click for them. People have an easier time wrapping their heads around a single boom/bust industry than they do multiple stable industries. Between being the seat of the state government, having two universities, three major hospitals, and an extensive petrochemical industry, Baton Rouge borders on being recession proof. It obviously also limits any potential to boom, but we basically can't bust.
Posted on 6/25/25 at 10:10 am to Fat and Happy
quote:Why are people moving again after just 5 years when the market is worse?
People are having to price their houses high to get money back from buying the existing house at a stupid high price during Covid.
Posted on 6/25/25 at 10:21 am to yaboidarrell
Didn't I just see a graphic yesterday showing home prices dropping in BR???
Posted on 6/25/25 at 10:22 am to Joshjrn
quote:
I've tried to explain this to people over the years, and it never seems to click for them.
Probably because LSU may have 8,000 in staff. State gov't another 5,000, hospitals another 4,000. These are very rough estimates and may be high. That's 17,000 people. There are 800,000 in BR Metro. What you named, if my assumptions are correct, is 2.1% of the population. Those may be stable, but what about the other 98% of the population?
This post was edited on 6/25/25 at 10:23 am
Posted on 6/25/25 at 10:48 am to Saunson69
My neighborhood is nuts. Close to LSU. They sell in days with each house making 100k more than 5 years ago.
Posted on 6/25/25 at 11:44 am to yaboidarrell
This is the entire metro not just the city. So I’ll speculate:
- Growing industrial base - its in hyperdrive since 2015, much of it driving residential growth in Ascension Parish, and primarily along the river.
- Growing student population - LSU now approaching 40k students
- Insurance premiums have gone up, but far less batshit rate hikes in that area than in Houma, New Orleans, etc. bunch of retired folks relocated to the area since the last hurricane, often landing in Ascension or Livingston.
- Very limited road network makes developing larger housing developments expensive and sometimes impossible to develop where it’s convenient. Lots of smaller developments but they aren’t keeping up with demand in the hot areas.
So increased demand with very limited new supply. I don’t think housing prices will to continue to grow like it has, but it will probably be more stable than average for a while unless we see a major localized natural disaster (which is a high risk). Most the trends are likely going to hold
- Growing industrial base - its in hyperdrive since 2015, much of it driving residential growth in Ascension Parish, and primarily along the river.
- Growing student population - LSU now approaching 40k students
- Insurance premiums have gone up, but far less batshit rate hikes in that area than in Houma, New Orleans, etc. bunch of retired folks relocated to the area since the last hurricane, often landing in Ascension or Livingston.
- Very limited road network makes developing larger housing developments expensive and sometimes impossible to develop where it’s convenient. Lots of smaller developments but they aren’t keeping up with demand in the hot areas.
So increased demand with very limited new supply. I don’t think housing prices will to continue to grow like it has, but it will probably be more stable than average for a while unless we see a major localized natural disaster (which is a high risk). Most the trends are likely going to hold
This post was edited on 6/25/25 at 11:58 am
Posted on 6/25/25 at 11:54 am to KamaCausey_LSU
quote:
East Baton Rouge will always be a safe place real estate-wise. Mainly due to a fairly stable job market between LSU, State Government, and 3 large hospitals.
+ a very impressive industrial base in the area for a metro that size
Despite the state’s best effort to neglect the regional infrastructure in the Baton Rouge area…it’s where a lot of jobs are so people move to the area. The metro has grown reliably for a long time. It’s not growing rapidly like the Texas cities but the metro area is almost posting consistent gains in jobs and new residents.
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