70809, Baton Rouge, LA

Home Equity and Home Prices in the 70809 Zip Code of Baton Rouge, LA

The home equity and home prices in the 70809 zip code of Baton Rouge, LA are very high. The average home value in this zip code is $269,000. This is a significant increase from the average home value of $146,000 that was recorded in 2000. The reason for this increase is likely due to the strong economy and increased demand for housing within the area. Additionally, many homeowners have taken advantage of low interest rates to refinance their mortgages and increase their home equity. As a result, there are many homes available for sale within this zip code that are worth more than they were when they were originally purchased.

While there is certainly a lot of wealth concentrated within the 70809 zip code, it is not exclusively owned by those who live here. In fact, approximately one-third of residents do not own their homes outright; they instead have mortgages that provide them with some degree of ownership over their property. This indicates that while homeownership rates are high within this area, there is still room for growth as more people become interested in purchasing or owning homes here. Additionally, while prices have increased significantly over the past few years, they remain relatively affordable when compared to other areas throughout Louisiana and the United States.