La Grange, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating La Grange Neighborhoods Since 2000




La Grange, IL 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

La Grange Housing Market Information

With 15,723 people, 5,290 houses or apartments, and a median cost of homes of $561,779, 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 68.85% of the village's housing units. Other types of housing that are prevalent in La Grange include large apartment complexes or high rise apartments ( 18.33%), duplexes, homes converted to apartments or other small apartment buildings ( 8.57%), and a few row houses and other attached homes ( 3.92%).

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 77.96% of La Grange's homes, and 61.29% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. La Grange's housing was primarily built during this period, from the '40s through the '60s. A full 41.49% of the village's housing hails from this era. Other housing ages represented in La Grange include homes built before 1939 ( 36.79%) and housing constructed between 1970-1999 ( 13.16%). There's also some housing in La Grange built between 2000 and later ( 8.56%).

La Grange Home Appreciation Rates

Real estate appreciation rates in La Grange's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.33% during the period.

NeighborhoodScout's data show that during the latest twelve months, La Grange's appreciation rate, at 3.32%, has been at or slightly above the national average. In the latest quarter, La Grange's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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.

Average Home Values

 

Median Home Value:
$561,779

La Grange, IL HOME PRICES

Value Range
> $1,136,000 3.8
$852,001 - $1,136,000 11.8
$568,001 - $852,000 23.6
$454,001 - $568,000 12.6
$341,001 - $454,000 19.4
$227,001 - $341,000 15.6
$113,001 - $227,000 9.8
$57,001 - $113,000 1.5
$0 - $57,000 1.9

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
4.48845658033517 2.53164556962025

Number Of Homes And Apartments:
5,290

La Grange Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
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
52.51% 2.48% 10 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,353 / per month

Homeownership Rate

Homeownership
Owners 77.96
Renters 22.04
Vacant 7.05

Housing Market Details

 

Age of Homes

AGE OF La Grange HOMES
2000 or Newer 8.6
1970 - 1999 13.2
1940 - 1969 41.5
1939 or Older 36.8

Types of Homes

TYPE OF La Grange HOMES
Single-Family 68.8
Townhomes 3.9
Small Apt. Buildings 8.6
Apt. Complexes 18.3
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF La Grange HOMES
No Bedroom 0.00
1 Bedroom 6.24
2 Bedrooms 24.37
3 Bedrooms 35.62
4 Bedrooms 25.67
5 or more bedrooms 8.10