3-digit ZIP regional index
Home appreciation in ZIP codes 708xxBaton Rouge, LA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 708 changed +4.6% over the year to Q2 2026, compared with +2.9% for Louisiana and +3.0% for the United States.
The region covers ZIP codes 70801–70836. Most of its 2010 population lived in East Baton Rouge Parish (100%). Communities in the region include Shenandoah, Gardere, Merrydale, Central, Oak Hills Place. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +4.6%
- 5-year change
- +22.2%
- Since Q1 1995
- +195%
- National rank (1 year)
- 316th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 708 vs Louisiana and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 708: 295.4
- Louisiana: 300.2
- Baton Rouge, LA metro: 301.9
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 708 | LA | U.S. | Gap vs LA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.6% | +2.9% | +3.0% | +1.7 pts | +1.6 pts |
| 3 years | +5.2% | +6.3% | +12.9% | −1.2 pts | −7.7 pts |
| 5 years | +22.2% | +20.9% | +41.3% | +1.3 pts | −19.1 pts |
| 10 years | +45.4% | +42.1% | +93.3% | +3.4 pts | −47.9 pts |
| Since Q1 1995 | +195% | +200% | +292% | −4.8 pts | −96.2 pts |
If you bought in ZIP3 708 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +191% | $871,901 |
| Q2 2000 | +137% | $710,951 |
| Q2 2005 | +95.8% | $587,393 |
| Q2 2010 | +60.6% | $481,735 |
| Q2 2015 | +52.8% | $458,340 |
| Q2 2020 | +28.2% | $384,736 |
| Q2 2021 | +22.2% | $366,653 |
| Q2 2023 | +5.2% | $315,542 |
| Q2 2025 | +4.6% | $313,744 |
How ZIP3 708 ranks
Over the past year ZIP3 708 ranks 316th of 882 3-digit ZIP regions nationally and 2nd of 13 in Louisiana. Its one-year change is +1.6 pts versus the nation and +1.7 pts versus Louisiana. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Louisiana |
|---|---|---|
| 1 year | 316th of 882 | 2nd of 13 |
| 3 years | 820th of 882 | 8th of 13 |
| 5 years | 849th of 882 | 8th of 13 |
| 10 years | 861st of 882 | 4th of 13 |
| Since Q1 1995 | 802nd of 879 | 6th of 13 |
Boom, bust, and recovery in ZIP3 708
ZIP3 708's index peaked in Q4 2009, fell 2.9% to its low in Q3 2011, and regained its peak in Q2 2014, about 4.5 years after the top. Today it sits +57.6% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| ZIP3 708 | Q4 2009 | Q3 2011 | -2.9% | Q2 2014 (4.5 yrs) | +57.6% |
| LA | Q1 2009 | Q2 2011 | -4.2% | Q2 2014 (5.2 yrs) | +53.7% |
| Metro | Q1 2009 | Q3 2011 | -3.5% | Q2 2014 (5.2 yrs) | +57.4% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 708's index has changed +33.4% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 708 after inflation | LA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +0.7% | -0.9% | -1.0% | -0.8% |
| 3 years | +9.8% | -4.2% | -3.2% | -2.7% | +2.8% |
| 5 years | +24.0% | -1.5% | -2.5% | +0.3% | +13.9% |
| 10 years | +39.1% | +4.5% | +2.1% | +5.5% | +39.0% |
| Since Q1 1995 | +121% | +33.4% | +35.6% | +36.4% | +76.8% |
Estimate appreciation for a home in ZIP3 708
Regional estimate
$436,251
- Estimated gain
- $136,251
- Index change
- +45.42%
- Start index
- 203.14
- End index
- 295.40
ZIP3 708 (Baton Rouge, LA area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 707 · Central, LA area | LA | +3.9% | +28.2% | +214% |
| 703 · Houma, LA area | LA | -4.3% | +14.7% | +196% |
| 704 · Slidell, LA area | LA | +1.9% | +26.3% | +192% |
| 705 · Lafayette, LA area | LA | +4.5% | +25.1% | +195% |
| 700 · Kenner, LA area | LA | +3.0% | +17.0% | +202% |
| 701 · New Orleans, LA area | LA | +1.8% | +10.1% | +288% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 295.40 |
| Q1 2026 | 294.52 |
| Q4 2025 | 288.60 |
| Q3 2025 | 284.05 |
| Q2 2025 | 282.46 |
| Q1 2025 | 279.22 |
| Q4 2024 | 274.09 |
| Q3 2024 | 279.54 |
| Q2 2024 | 275.88 |
| Q1 2024 | 270.97 |
| Q4 2023 | 275.13 |
| Q3 2023 | 267.37 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 708?
- Based on FHFA HPI® data for 3-digit ZIP region 708, the regional index changed +4.6% over the year to Q2 2026, +22.2% over five years, +45.4% over ten years, and +195% since Q1 1995.
- Is ZIP3 708 appreciating faster than Louisiana and the U.S.?
- Over the past year the region's index +4.6% compares with +2.9% for Louisiana and +3.0% for the U.S., a gap of +1.6 pts versus the nation. Over five years the gap versus the nation is −19.1 pts.
- Which ZIP codes are in 3-digit ZIP region 708?
- All ZIP codes that begin with 708. Census 2010 ZIP Code Tabulation Areas in this region run from 70801 to 70836 (19 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.