Le Mars, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Le Mars, IA 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

Le Mars Housing Market Information

With a population of 9,761, 4,211 total housing units (homes and apartments), and a median house value of $175,458, Le Mars real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Le Mars, accounting for 74.50% of the city's housing units. Other types of housing that are prevalent in Le Mars include large apartment complexes or high rise apartments ( 10.08%), mobile homes or trailers ( 5.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.31%).

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 72.68% of Le Mars's homes, and 61.33% 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 ( 27.27%). A lesser amount of the housing stock also hails from before 1939 ( 23.53%). There's also some housing in Le Mars built between 2000 and later ( 10.80%).

Le Mars Home Appreciation Rates

In the last 10 years, Le Mars has experienced some of the highest home appreciation rates of any community in the nation. Le Mars real estate appreciated 19.39% over the last ten years, which is an average annual home appreciation rate of 1.79%, putting Le Mars in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Le Mars definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Le Mars that despite a nationwide downturn in the housing market, Le Mars real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Le Mars appreciation rates continue to be some of the highest in America, at 5.63%, which is higher than appreciation rates in 70.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Le Mars. Le Mars appreciation rates in the latest quarter were at 1.68%, which equates to an annual appreciation rate of 6.88%.

Relative to Iowa, our data show that Le Mars's latest annual appreciation rate is higher than 90% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$175,458

Le Mars, IA HOME PRICES

Value Range
> $1,161,000 0.0
$871,001 - $1,161,000 0.0
$581,001 - $871,000 0.9
$464,001 - $581,000 0.3
$348,001 - $464,000 3.6
$233,001 - $348,000 15.9
$116,001 - $233,000 51.7
$58,001 - $116,000 19.7
$0 - $58,000 7.9

High for IA
High for Nation

Value Relative to Nation Value Relative to State
39.7749912105942 20.7407407407407

Number Of Homes And Apartments:
4,211

Le Mars Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
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
48.45% 2.32% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$579 / per month

Homeownership Rate

Homeownership
Owners 72.68
Renters 27.32
Vacant 5.65

Housing Market Details

 

Age of Homes

AGE OF Le Mars HOMES
2000 or Newer 10.8
1970 - 1999 38.4
1940 - 1969 27.3
1939 or Older 23.5

Types of Homes

TYPE OF Le Mars HOMES
Single-Family 74.5
Townhomes 4.1
Small Apt. Buildings 5.3
Apt. Complexes 10.1
Mobile Homes 6.0
Other 0.0

Home Size

SIZE OF Le Mars HOMES
No Bedroom 2.58
1 Bedroom 6.57
2 Bedrooms 24.85
3 Bedrooms 42.17
4 Bedrooms 19.16
5 or more bedrooms 4.68

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Zip Codes in Le Mars, IA