LaGrange, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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LaGrange, GA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

LaGrange Housing Market Information

With a population of 30,695, 10,964 total housing units (homes and apartments), and a median house value of $117,000, house prices in LaGrange are solidly below the national average.

Single-family detached homes are the single most common housing type in LaGrange, accounting for 63.51% of the city's housing units. Other types of housing that are prevalent in LaGrange include large apartment complexes or high rise apartments ( 21.04%), duplexes, homes converted to apartments or other small apartment buildings ( 11.11%), and a few mobile homes or trailers ( 2.98%).

The most prevalent building size and type in LaGrange are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 36.98% owning and 63.02% renting.

There is a lot of housing in LaGrange built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in LaGrange built between 1940-1969 ( 27.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.16%). There's also some housing in LaGrange built before 1939 ( 11.99%).

Vacant housing appears to be an issue in LaGrange. Fully 13.65% of the housing stock is classified as vacant. Left unchecked, vacant LaGrange homes and apartments can be a drag on the real estate market, holding LaGrange real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

LaGrange Home Appreciation Rates

LaGrange's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in LaGrange during the period has been just -1.07%, which is lower than 70% of US communities.

Over the last year, LaGrange appreciation rates have trailed the rest of the nation. In the last twelve months, LaGrange's appreciation rate has been 3.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in LaGrange were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Georgia, our data show that LaGrange's latest annual appreciation rate is lower than 60% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within LaGrange differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in LaGrange - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best LaGrange real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$117,000

LaGrange, GA HOME PRICES

Value Range
> $1,097,000 0.4
$823,001 - $1,097,000 0.8
$548,001 - $823,000 0.5
$439,001 - $548,000 2.5
$329,001 - $439,000 4.7
$219,001 - $329,000 10.8
$110,001 - $219,000 31.2
$55,001 - $110,000 31.7
$0 - $55,000 17.3

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
67.1774288058127 53.276955602537

Number Of Homes And Apartments:
10,964

LaGrange Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
14.80% 0.80% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$892 / per month

Homeownership Rate

Homeownership
Owners 36.98
Renters 63.02
Vacant 13.65

Housing Market Details

 

Age of Homes

AGE OF LaGrange HOMES
2000 or Newer 19.2
1970 - 1999 41.4
1940 - 1969 27.5
1939 or Older 12.0

Types of Homes

TYPE OF LaGrange HOMES
Single-Family 63.5
Townhomes 1.4
Small Apt. Buildings 11.1
Apt. Complexes 21.0
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF LaGrange HOMES
No Bedroom 1.68
1 Bedroom 11.18
2 Bedrooms 34.13
3 Bedrooms 39.02
4 Bedrooms 11.24
5 or more bedrooms 2.76