The rent prices in real estate in Baton Rouge, in the Louisiana region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Baton Rouge has risen strongly during the last 6 months. In September, the average price per sq.feet was $1.09. In October this price barely changed remaining at $1.1 per sq.feet. The price for the following two months in (November, December) had a considerable rise of 524 %. The price per sq.feet has had a considerable rise of 679 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $3.41 to $23.18 during January, and February.
When referring to the price in Baton Rouge (cities), this has risen in the last 6 months. In our first sample month during September, the average price is $1,023. In October This price remains at $1,052. During the following two months (November, December) the price has had an average rise from $1,037.5 to $1,120. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,155 they are 4 % more affordable than the average price for Baton Rouge . The properties with the highest average price have 4 bedrooms, Their price is 71 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,501.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.95 / sq.feet, with an average $32.84 / sq.feet price in Baton Rouge. The properties with the most expensive average prices have 1 bedroom. They are 60 % more expensive than the average followed by properties with 2 bedrooms with a price at $33.57 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,155 it is 20 % more affordable than the average price in Baton Rouge. "House" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $1,350 it is 51 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $0.98 / sq.feet followed by "Townhouse" priced at $22.74 / sq.feet. "House" is the most affordable type of property with a $28.69 / sq.feet value followed by "Townhouse" with an average price of $22.74 / sq.feet.