Median Home PriceBETTER
$227,648.77
Median RentBETTER
$1,297.53/mo
Price-to-Rent Ratio
14.6
Property Tax RateTIE
0.55%
Price Change (1Y)BETTER
-1.3%
Price Change (5Y)BETTER
-6.7%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$69,593
Median Home Price
$237,009.25
Median Rent
$1,622.82/mo
Price-to-Rent RatioBETTER
12.2
Property Tax RateTIE
0.55%
Price Change (1Y)
-3.0%
Price Change (5Y)
-14.9%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$20,929
Key Differences
Home Prices
Baton Rouge's median home price of $227,648.77 is lower than New Orleans's $237,009.25 by 4%.
Monthly Rent
Renting in Baton Rouge costs $1,297.53/mo compared to $1,622.82/mo in New Orleans—a difference of $325.29/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.