Month: April 2024

Prairieville, Louisiana, is a small census-designated place just south of Baton Rouge. The area is full of beautiful homes, and the robust local economy supports its residents. If buying a home is in your future, Prairieville could be a great place to look. After all, purchasing a home in Prairieville has several advantages beyond the general benefits of homeownership.

The Region

Part of why homeowners love living in Prairieville is its location in a unique region. Sitting on the outskirts of Baton Rouge, Prairieville showcases a mixture of suburban and rural living. The climate offers moderate to hot temperatures throughout the year, allowing residents to enjoy outdoor time exploring the Mississippi River and numerous parks.

The Size

Prairieville is a relatively small area, with just over 34,000 people living inside its boundaries. Its low population lends itself to a comfortable life within a tight-knit community. The city of Baton Rouge is nearby for convenient access to entertainment and other opportunities. Meanwhile, major highways run through the area for easy travel to Lafayette or New Orleans.

The Cost of Living

Prairieville is a pragmatic place to live from a financial perspective. Residents save on utility expenses compared to the rest of the nation while spending an average amount on groceries. Homes in Prairieville are large and luxurious, resulting in housing prices over the national average. However, the calm lifestyle and beautiful land are worth the investment.

The Job Opportunities

Job opportunities are ample in Prairieville due to its proximity to Baton Rouge. Residents can easily commute from their Prairieville homes to their jobs with the many growing businesses in the region. Health care and biotech are two industries that thrive in the Prairieville area and offer wages that can support your lifestyle.

The Housing Market

Prairieville’s housing market makes it a viable option for many buyers. Sales prices eclipse the national median due to the number of higher-end properties in the area. Most homes sell for around 97% of their list prices. With the right financing, you can purchase a home at a competitive price and see its value grow steadily over time. Properties move quickly, so loan pre-qualification can help your offer stand out.

Finance a Home in Prairieville

At Assurance Financial, we support buyers entering the Prairieville community through a comprehensive list of loan options. Our Prairieville loan officers know the region and its economy. We can help you get familiar with the area and determine whether Prairieville is a good fit for your family. We have borrowing options for buyers in various economic situations, so contact us online to learn more. Or, if you’re ready to shop in the Prairieville housing market, you can apply for a mortgage online.

You’ll consider a wide range of factors when choosing a new home, one of those being where you’ll live. The city in which you decide to purchase a home will impact your lifestyle and financial situation, which is why Baton Rouge is a popular option for many buyers.

Assurance Financial helps people purchase comfortable homes in areas that match their needs. With loan officers stationed in the Baton Rouge community, we’re familiar with the local economy and what it’s like to live there. Work with us when making your move.

Life in Baton Rouge

This city’s proximity to New Orleans and the Mississippi River means there’s a great variety of entertainment and activities in Baton Rouge. Whether you enjoy fine dining, nightlife, collegiate sports or music, you can find a way to fill every weekend. The area is also bustling with family-friendly attractions like museums, the Baton Rouge Zoo and various parks along the river. Hot summers and moderate winters make it possible to enjoy time outdoors for most of the year.

You’ll also find economic opportunities in the Baton Rouge area. The medical and biotech industries are experiencing growth in the area, bringing and influx of well-paying jobs. Moving can be a great way to jumpstart or advance your career.

Financial Benefits

Baton Rouge’s strong local economy has many financial benefits. Beyond the area being full of job opportunities, the cost of living in Baton Rouge is 3% lower than the national average, so you can maximize your income’s value. Utilities, housing and groceries are all on par with or below the national average. These factors mean you can earn enough to support your lifestyle with funds remaining to grow your wealth.

The strong housing market is another key contributor to Baton Rouge’s livability. The same house would cost you less here than in larger cities like New Orleans. Homes sell for around $250,000 on average, which is more than $100,000 below the national median, and inventory is high enough to meet demand while preserving the market’s upward trajectory. When you’re ready to sell your Baton Rouge home, you’ll find comfort in a housing market with steady growth and a sale-to-list ratio of 95% or higher.

Find a Loan Officer in Louisiana

At Assurance Financial, we offer various types of loans that help buyers purchase property in Baton Rouge or refinance their home. As an independent, full-service financial institution, we are a dependable partner for one of life’s most important investments. Feel free to contact us online for more on our borrowing options.