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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



La Grange, IL Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

La Grange, IL Housing Market Trends

With a population of 15,821, 5,791 total housing units (homes and apartments), and a median house value of $800,571, La Grange house prices are not only among the most expensive in Illinois, La Grange real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in La Grange, accounting for 69.54% of the village's housing units. Other types of housing that are prevalent in La Grange include large apartment complexes or high rise apartments ( 20.87%), duplexes, homes converted to apartments or other small apartment buildings ( 7.23%), and a few row houses and other attached homes ( 2.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in La Grange. Owner-occupied housing accounts for 80.35% of La Grange's homes, and 56.38% have either three or four bedrooms, which is average sized relative to America.

The housing in La Grange was primarily built before 1939 ( 37.12%), making the housing stock in La Grange some of the oldest overall in America, although there is a range of ages of homes in La Grange. The next most important housing age is between 1940-1969 ( 37.04%), followed by between 1970-1999 ( 14.63%). There's also some housing in La Grange built between 2000 and later ( 11.20%).

La Grange Home Appreciation Rates

La Grange's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in La Grange during the period has been just 4.19%, which is lower than 80% of US communities.

Over the last year, La Grange appreciation rates have trailed the rest of the nation. In the last twelve months, La Grange's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in La Grange were at 0.21%, which equates to an annual appreciation rate of 0.86%.

Relative to Illinois, our data show that La Grange's latest annual appreciation rate is higher than 60% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within La Grange differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in La Grange - 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 La Grange real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$800,571

La Grange, IL Home Prices
> $1,278,000
$959,001 - $1,278,000
$639,001 - $959,000
$511,001 - $639,000
$383,001 - $511,000
$256,001 - $383,000
$128,001 - $256,000
$64,001 - $128,000
$0 - $64,000
9.6%
9.6%
19.2%
19.2%
27.3%
27.3%
11.6%
11.6%
13.5%
13.5%
8.5%
8.5%
8.5%
8.5%
0.4%
0.4%
1.3%
1.3%
0% 100.0%
% of Homes
Very High

for Illinois

Very High

for nation

Number of Homes And Apartments:

5,791

La Grange Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,774 / per month

Homeownership Rate

Owners
Renters
80.3%
80.3%
19.7%
19.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.5%
4.5%
95.5%
95.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.2%
11.2%
14.6%
14.6%
37.0%
37.0%
37.1%
37.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.5%
69.5%
2.1%
2.1%
7.2%
7.2%
20.9%
20.9%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.5%
0.5%
6.7%
6.7%
23.8%
23.8%
25.5%
25.5%
30.9%
30.9%
12.6%
12.6%
0% 100.0%
% of Homes