Waterford, Baton Rouge, LA—70808
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waterford, Baton Rouge, LA
As of Oct '25, the median home price in Waterford, Baton Rouge, LA is $341,000, with a year-over-year change of -0.5%. This indicates that home prices in Waterford, Baton Rouge, LA are flat. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $341,000 | -0.5% |
| Single Family | $374,000 | -0.5% |
| Condos | $124,000 | 2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $187,000 | -1.6% |
3 Bed | $342,000 | -0.3% |
4 Bed | $534,000 | 2.1% |
| 5 Bed | $699,000 | 1.3% |
% of Housing Stock
Rental Trends — Waterford, Baton Rouge, LA
As of July '25, Rentcast reports the average rent in Waterford, Baton Rouge, LA is $1,780, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Waterford, Baton Rouge, LA is studios: $642, 1-bedrooms: $1,190, 2-bedrooms: $1,390, 3-bedrooms: $2,160, 4-bedrooms: $2,700. The most common rental property sizes in Waterford, Baton Rouge, LA are 2-bedroom and 1-bedroom, accounting for 39.3% and 27.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,780 |
| Studio Rent | $642 | $642 |
| 1 Bed Rent | $975 | $1,190 |
| 2 Bed Rent | $1,220 | $1,390 |
| 3 Bed Rent | $2,100 | $2,160 |
| 4 Bed Rent | $2,500 | $2,700 |
% of Rental Stock
Property Listings — Waterford, Baton Rouge, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Waterford, Baton Rouge, LA is 90. This is a increase of 14.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $483,000 | 15.0% |
Listing Count | 205 | 2.0% |
| Listings as % of Homes | 0.7% | 2.0% |
Days on Market | 90 | 14.0% |
Demographics — Waterford, Baton Rouge, LA
As of the latest ACS Survey released in 2023, Waterford, Baton Rouge, LA has a population of 36,500, which has increased by 8.2% over the past 5 years. Waterford, Baton Rouge, LA is a moderately popular place for families, as children make up 17.5% of the population. The area has a highly educated workforce, with 64.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,500 | 8.2% |
% Under 18 | 17.5% | 2.3% |
% Seniors | 16.6% | 5.1% |
% WFH | 10.9% | 131.9% |
% w/ College Degree | 64.6% | -0.8% |
As of the latest ACS Survey released in 2023, Waterford, Baton Rouge, LA is a predominantly white area, with 65.9% of the population identifying as white. The white population has shrunk by 10.1% in the last 5 years. The second most common race or ethnicity in Waterford, Baton Rouge, LA is black, making up 19.6% of the population. Foreign-born residents account for 7.7% of the population in Waterford, Baton Rouge, LA, and this percentage has increased by 30.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.9% | -10.1% |
% Black | 19.6% | 8.9% |
% Hispanic | 5.8% | 61.1% |
% Asian | 4.7% | 23.7% |
% Foreign Born | 7.7% | 30.5% |
Mortgage and Risk — Waterford, Baton Rouge, LA
According to HUD data as of 2023, there were 372 mortgage originations in Waterford, Baton Rouge, LA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Waterford, Baton Rouge, LA. Investor activity is low, as 6.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 372 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 6.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Waterford, Baton Rouge, LA
As of 2024, the percent of homes in Waterford, Baton Rouge, LA under the Section 8 program is 1.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Waterford, Baton Rouge, LA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 76 |
Total Units Section 8 | 76 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $235 | $975 | $1,210 |
| 2 Bedroom | $150 | $1,220 | $1,370 |
| 3 Bedroom | -$390 | $2,100 | $1,710 |
| 4 Bedroom | -$230 | $2,500 | $2,270 |
Affordability — Waterford, Baton Rouge, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $341,000 |
| Median Household Income | $69,100 |