Le Mars, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Le Mars, IA Real Estate Data


Le Mars Housing Market Information

With 9,761 people, 4,177 houses or apartments, and a median cost of homes of $146,371, Le Mars real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Le Mars, accounting for 75.42% of the city's housing units. Other types of housing that are prevalent in Le Mars include large apartment complexes or high rise apartments ( 10.18%), mobile homes or trailers ( 5.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Le Mars. Owner-occupied housing accounts for 73.66% of Le Mars's homes, and 62.13% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Le Mars 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 Le Mars built between 1940-1969 ( 29.32%). A lesser amount of the housing stock also hails from before 1939 ( 23.70%). There's also some housing in Le Mars built between 2000 and later ( 10.56%).

Le Mars Home Appreciation Rates

Appreciation rates for homes in Le Mars have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.89%, which ranks in the top 30% nationwide. This equates to an annual average Le Mars house appreciation rate of 1.49%.

Over the last year, Le Mars appreciation rates have trailed the rest of the nation. In the last twelve months, Le Mars's appreciation rate has been 3.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Le Mars were at 1.35%, which equates to an annual appreciation rate of 5.51%.

Relative to Iowa, our data show that Le Mars's latest annual appreciation rate is lower than 80% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$146,371

Le Mars, IA HOME PRICES

Value Range
> $1,130,000 0.0
$848,001 - $1,130,000 0.0
$564,001 - $848,000 0.0
$452,001 - $564,000 0.0
$339,001 - $452,000 1.9
$226,001 - $339,000 14.8
$113,001 - $226,000 53.0
$57,001 - $113,000 23.8
$0 - $57,000 6.4

High for IA
Average for Nation

Value Relative to Nation Value Relative to State
52.5736370556889 33.3333333333333

Number Of Homes And Apartments:
4,177

Rent & Ownership

 

Average Market Rent:
$763 / per month

Homeownership Rate

Homeownership
Owners 73.66
Renters 26.34
Vacant 5.73

Housing Market Details

 

Age of Homes

AGE OF Le Mars HOMES
2000 or Newer 10.6
1970 - 1999 36.4
1940 - 1969 29.3
1939 or Older 23.7

Types of Homes

TYPE OF Le Mars HOMES
Single-Family 75.4
Townhomes 3.3
Small Apt. Buildings 5.1
Apt. Complexes 10.2
Mobile Homes 6.0
Other 0.0

Home Size

SIZE OF Le Mars HOMES
No Bedroom 2.30
1 Bedroom 6.25
2 Bedrooms 25.03
3 Bedrooms 40.24
4 Bedrooms 21.89
5 or more bedrooms 4.29

Le Mars Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
42.36% 2.10% 5 5
* 10 is highest

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