Baton Rouge, LA Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Baton Rouge, LA, Federal Housing Finance Agency (FHFA) house price index (HPI) is a weighted, repeat-sales index measuring average price changes in single-family houses with mortgages backed by Fannie Mae or Freddie Mac. The HPI value for Baton Rouge was 176.4 in the fourth quarter of 2019, down 0.2% from the previous quarter and up 2.6% from a year earlier.

Home prices in Baton Rouge have been rising steadily over the past few years, but the pace of growth has slowed somewhat in recent quarters. Despite this slowdown, home prices are still well above their pre-recession levels and are likely to continue to rise in the coming months and years.

The main driver of rising home prices in Baton Rouge is strong demand from buyers who are looking to take advantage of low interest rates and favorable conditions in the local housing market. The limited supply of available homes for sale is also putting upward pressure on prices.

As home prices continue to rise, it is becoming increasingly difficult for first-time buyers and low-income families to afford a home in Baton Rouge. This could eventually lead to a slowdown in the market as affordability constraints limit demand from buyers.