Baton Rouge is the capital of the U.S. state of Louisiana and its second-largest city. It forms the parish seat of East Baton Rouge Parish and is located on the eastern bank of the Mississippi River.
As the capital city, Baton Rouge is the political hub for Louisiana, and is the second-largest city in the state after New Orleans, with an estimated population of 227,715 in 2016. The metropolitan area surrounding the city, known as Greater Baton Rouge, is also the second-largest in Louisiana, with a population of 830,480 people as of 2015. The urban area has around 594,309 inhabitants.
Baton Rouge is a major industrial, petrochemical, medical, research, motion picture, and growing technology center of the American South. It is also the location of Louisiana State University, the state's flagship university and the largest public university in the state. The Port of Greater Baton Rouge is the tenth largest in the United States in terms of tonnage shipped, and is the farthest upstream Mississippi River port capable of handling Panamax ships.
The Baton Rouge area owes its historical importance to its strategic site upon the Istrouma Bluff, the first natural bluff upriver from the Mississippi River Delta. This allowed development of a business quarter safe from seasonal flooding. In addition, the city built a levee system stretching from the bluff southward to protect the riverfront and low-lying agricultural areas. The city is a culturally rich center, with settlement by immigrants from numerous European nations and African peoples. It was ruled by seven different governments: French, British, and Spanish in the colonial era, West Floridian, United States territory and state, Confederate, and United States again.
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Baton Rouge, Louisiana. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!
The national average total real estate commission in 2015 was 5.26% *
In Baton Rouge, Louisiana, you will find the following real estate commissions charged*:
Typical Asking Commission: 6.0%
Competitive Commission: 5.0%-5.5%%
Very Competitive Commission: 4.5%-4.99%
The median existing single-family home price in the South rose 6.7%, to $229,400, in the second quarter of 2017 compared to the the second quarter of 2016. Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:
In the State of Louisiana, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home. In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).
In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent. Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”. This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client. This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).
When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.
At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business. These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm. This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Louisiana.
Sellers who are also buying a home in the same local market have a volume discount advantage. ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home. Be sure to check the box that you are also buying a home locally to receive these better rates.
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As of the census of 2010, there were 229,553 people; per the 2010 census, 88,973 households, and 52,672 families residing in the city. The 2000 population density was 2,964.8 people per square mile (1,144.7/km²). There were 97,388 housing units at an average density of 1,267.3 per square mile (489.4/km²). According to the 2010 the racial makeup of the city was 50.4% Black or African American, 40.8% White, 0.5% Native American, 3.5% Asian, and 1.3% from two or more races. Hispanic or Latino were 3.5% of the population. Non-Hispanic Whites were 37.8% of the population, down from 70.5% in 1970.
Of all households, 28.1% had children under the age of 18, 35.8% were married couples living together, 19.0% had a female householder with no husband present, and 40.8% were non-families. 31.7% of all households were made up of individuals and 8.6% had someone living alone who was 65 years of age or older. The average household size was 2.42 and the average family size was 3.12.
In the city, the population was spread out with 24.4% under the age of 18, 17.5% from 18 to 24, 27.2% from 25 to 44, 19.4% from 45 to 64, and 11.4% who were 65 years of age or older. The median age was 30 years. For every 100 females there were 90.5 males. For every 100 females age 18 and over, there were 86.3 males.
The median income for a household in the city was $30,368, and the median income for a family was $40,266. Males had a median income of $34,893 versus $23,115 for females. The per capita income for the city was $18,512. About 18.0% of families and 24.0% of the population were below the poverty line, including 31.4% of those under age 18 and 13.8% of those ages 65 or over.
At the 2005–2007 American Community Survey 3-Year Estimates, 32.4% of the population had a bachelor's degree or higher.
Baton Rouge enjoys a strong economy that has helped the city be ranked as one of the "Top 10 Places for Young Adults" in 2010 by Portfolio Magazine and one of the top 20 cities in North America for economic strength by Brookings. In 2009, the city was ranked as the 9th best place in the country to start a new business by CNN. Lamar Advertising Company has its headquarters in Baton Rouge.
Baton Rouge is the furthest inland port on the Mississippi River that can accommodate ocean-going tankers and cargo carriers. The ships transfer their cargo (grain, crude, cars, containers) at Baton Rouge onto rails and pipelines (to travel east-west) or barges (to travel north). Deep-draft vessels cannot pass the Old Huey Long Bridge because the clearance is insufficient, and the river depth decreases significantly just to the north, near Port Hudson.
Baton Rouge's largest industry is petrochemical production and manufacturing. ExxonMobil's Baton Rouge Refinery complex is the fourth-largest oil refinery in the country; it is the world's tenth largest. Baton Rouge also has rail, highway, pipeline, and deep water access.
Dow Chemical Company has a large plant in Iberville Parish near Plaquemine, 17 miles (27 km) south of Baton Rouge. NanYa Technology Corporation has a large facility in North Baton Rouge that makes PVC and CPVC pipes. Shaw Construction, Turner, and Harmony all started with performing construction work at these plants.
As well as being the state capital and parish seat, the city is the home of Louisiana State University. One of the largest single employers in Baton Rouge is the state government, which consolidated all branches of state government downtown at the Capitol Park complex.
The research hospitals Our Lady of the Lake, Our Lady of the Lake Children's Hospital (affiliated with St. Jude Children's Research Hospital), Mary Bird Perkins Cancer Center, and Earl K. Long, helped by an emerging medical corridor at Essen Lane/Summa Avenue/Bluebonnet Boulevard, are positioning Baton Rouge to eventually support a medical district similar to the Texas Medical Center. LSU and Tulane have both announced plans to construct satellite medical campuses in Baton Rouge to partner with Our Lady of the Lake Medical Center and Baton Rouge General Medical Center, respectively.
Southeastern Louisiana University and Our Lady of the Lake College both have nursing schools in the medical district off Essen Lane. Louisiana State University's Pennington Biomedical Research Center, which conducts clinical and biological research, also contributes to research-related employment in the area around the Baton Rouge medical district.
The film industry in Louisiana has increased dramatically in the last decade, in response to generous tax incentives adopted by the state in 2002. In September 2013 the Baton Rouge Film Commission reported that the industry had brought more than $90 million into the local economy in 2013. Baton Rouge's largest production facility is the Celtic Media Centre, opened in 2006 by a local group in collaboration with Raleigh Studios of Los Angeles; Raleigh dropped its involvement in 2014.
According to the city's 2013 Comprehensive Annual Financial Report, the top employers in the city were:
|No.||Employer||No. of Employees|
|1||State of Louisiana||22,120|
|3||East Baton Rouge Parish Public Schools||6,250|
|4||Louisiana State University||5,600|
|5||City of Baton Rouge - Parish of East Baton Rouge||4,612|
|6||ExxonMobil Chemical - Baton Rouge Refinery||4,213|
|8||Our Lady of the Lake Regional Medical Center||3,500|
|10||Baton Rouge General Medical Center||2,000|