There are few investment assets that can measure up to real estate. Provided that you have invested in the right market, you can anticipate consistent rental income, enjoy tax breaks, and see an appreciation in property value. If you’re looking for your next real estate opportunity, consider
investing in Baton Rouge.
We are sure that you have questions about Baton Rouge. Is the location ideal for potential renters? What are the available social and public amenities? What about the current real estate market? To find the answers to these questions and more, keep reading!
Why Invest in Baton Rouge, Louisiana Rental Properties
Affordability
If you have some experience in real estate investment or you have been doing your research, you know that real estate is quite a capital-intensive asset. Most property owners take out loans in order to be able to afford these investments.
Whether you’re a first-time or experienced investor, affordability will be one of the most important considerations when deciding where to invest. Compared to other metro areas in the U.S., the median price of property is significantly lower. Potential owners can enjoy lower
prices for their rental properties while still making a solid return on their investment.
Strong Economy
As a rental property owner, you want to do your research on the job market and economy of the area you’re interested in investing in. You want to invest in an area with a healthy job market because that signifies a strong economy. Baton Rouge has a
relatively low unemployment rate, with significant decreases since 2020.
The main employment sectors are engineering, healthcare, construction, and the hospitality industry. There have also been several start-up and technology companies opening in the city in recent years.
Great Schools and Parks
The quality of education in Baton Rouge is some of the best in the state. Of notable mention is the East Baton Rouge Parish which has exceptional middle and high school programs. They also have specialty programs such as performing arts, pre-engineering, government affairs, and business.
Residents of Baton Rouge can take advantage of the plethora of museums, parks, and green spaces that the city has to offer. City-Brooks Community Park is one of the local favorites with its outdoor movie area and splash pad.
Culture and Cuisine
Anyone visiting Baton Rouge will immediately notice its Southern charm and hospitality that you might expect from a city in Louisiana. This Southern hospitality and community makes even newcomers feel right at home.
The region’s culture is reflected wonderfully in Baton Rouge’s food and culinary scene, with tons of restaurants offering classic Cajun and New Orleans dishes. However, should you want a change from Southern Cuisine, you can enjoy your fair share of other global cuisines such as Honduran, Spanish, Venezuelan-Dutch, and Vietnamese.
Sports
If you are a lover of sports, you will love living in Baton Rouge. The city is the home to the Louisiana State University Tigers, who rank
14th best in their division and won the national championship in 2019. Without choosing to, many people living in Baton Rouge have found themselves hardcore football fans.
If you’re not interested in football, Baton Rouge is also quite popular for fishing thanks to the many lakes, rivers, and bayous in the area. And if you want bigger game or a bigger challenge, the Gulf of Mexico is about two hours away.
Housing Market
Investors are attracted to the Baton Rouge real estate market because of the wide range of property options available. Whether you want to invest in single-family homes, apartments, townhouses, or luxury condos, you will be able to find the right property for your goals.
Baton Rouge also has quite a rich history and culture. There are many historic homes in the area that have been well-restored and preserved. The city has many different
neighborhoods to invest in that offer a variety of types of properties to choose from.
Cost of Living
We’ve all noticed the effects of recent inflation on the local prices of food, clothing, and utilities. Residents and tenants are therefore looking for affordable and low-cost neighborhoods where they can offset some of these increased living costs.
The area of Baton Rouge enjoys a low cost of living. The local and State Income Tax is low compared to neighboring cities, and residents here tend to pay less for rent, transportation, utilities, insurance, and healthcare.
Conclusion
Baton Rouge offers so many benefits for real estate investors. Investing in real estate means you can enjoy consistent rental income, diversify your portfolio, and take advantage of tax deductions. Baton Rouge is one of the stand-out investment options in the state because of its good location, affordability, cost of living, and welcoming atmosphere.
However, your job as a real estate investor doesn’t stop when you’ve purchased the property. Your next step is to decide how you’re going to manage it. Managing a rental property on your own can be a ton of work. To make the process easier, you might want to consider hiring a property manager. For all your property management needs, get in touch with the experts at
Sage Property Management.
Our company understands the struggles that come with owning a rental property. With our experience in the local market, qualified professionals, and technical know-how, we can ensure that all your property needs have been met. Get in touch with us today!
