Home Affordability in Baton Rouge, LA
The median home price in Baton Rouge is $205,000 with a median household income of $41,276. Housing is moderately affordable relative to local incomes.
Median Home Price
$205,000
Median Income
$41,276
Price-to-Income Ratio
5.0x
Est. Affordable Home
$161,000
Property Tax Rate
0.56%
Annual Property Tax
$1,148
Sales Tax Rate
9.95%
Cost of Living Index
89
Buying a Home in Baton Rouge
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $41,276 in Baton Rouge can afford a monthly housing payment of approximately $963. This translates to a home price of roughly $161,000, which is below the median home price of $205,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Baton Rouge would be approximately $1,148 per year ($96/month) at the effective rate of 0.56%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $6,150 | $198,850 | Yes |
| 5% | $10,250 | $194,750 | Yes |
| 10% | $20,500 | $184,500 | Yes |
| 20% | $41,000 | $164,000 | No |
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