Overview

Baton Rouge is situated in the state of Louisiana and it is the second largest city in the state; the first largest city is New Orleans. The origin of the name of this city is French and it means ‘Red Stick’ in English. As the capital city of Louisiana it is heavily populated with about 700 thousand residents.The city has a great natural advantage with the formation of the natural bluff - Istrouma Bluff – which cushions Baton Rouge from the fury of the river Mississippi. The natural protection has been extended by human hand with the help of levee system which particularly protects the riverfront and the areas where agriculture is the main occupation.Baton Rouge has an economy mainly driven by industry the most important of which is the petrochemical industry. This city is also a very renowned port.

Baton Rouge real estate

The living standard in Baton Rouge is comfortable with an overall index of 89.20 as compared to the general USA taken as 100. Hence, you will find living in Baton Rouge less expensive than the average USA city. The economy of the city reflects on the housing and real estate as well. You will find that the average cost of a regular family home starts at $133,100. The good news is that there has been a steady increase in the cost of real estate – at the rate of approximately 20% per year. In this manner, in three years you would be richer by 60% of the cost of your real estate property.

How to rent or buy a house

You will find that about 50% of the people use rented house. The rest own their homes. Less than 10% of the apartments and houses are left unoccupied. This is a great place to start a new business or set up your home because the economy in this place would give your dollar the best value there is – and you do deserve the best there is.

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