B.R. ranked in the middle for affordable housing
Of the roughly 200 U.S. metropolitan areas surveyed for the new "Paycheck to Paycheck" report on first quarter housing affordability from the National Housing Conference and the Center for Housing Police, Baton Rouge ranks No. 83 on the list of most expensive metros to buy a home. On the same report for the first quarter of 2011, Baton Rouge was ranked No. 81. The report says the average home sale price dropped to $157,900 in the first quarter, down from $160,600 in the opening three months of 2011. New Orleans is ranked No. 91 on the list, up from No. 95 last year, with an average sale price of $147,500 in the first quarter of 2012. The Capital Region appears to be more affordable for renters, according to the report, which ranks Baton Rouge No. 128 on the list of the most expensive metros for renters. The average rent for a two-bedroom unit in Baton Rouge is pegged at $752 in the report, much lower than the national average of $949 among the largest 200 metros. New Orleans is ranked at No. 58 on the rental list, with a $948 average. You can get more details and access the complete report here.
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