LaSalle, 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 Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

LaSalle, IL Housing Market Trends

With 8,986 people, 3,778 houses or apartments, and a median cost of homes of $101,752, house prices in LaSalle are solidly below the national average.

Single-family detached homes are the single most common housing type in LaSalle, accounting for 76.65% of the city's housing units. Other types of housing that are prevalent in LaSalle include duplexes, homes converted to apartments or other small apartment buildings ( 14.22%), large apartment complexes or high rise apartments ( 6.57%), and a few row houses and other attached homes ( 1.38%).

The most prevalent building size and type in LaSalle are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.88% owning and 42.12% renting.

The housing in LaSalle was primarily built before 1939 ( 36.38%), making the housing stock in LaSalle some of the oldest overall in America, although there is a range of ages of homes in LaSalle. The next most important housing age is between 1940-1969 ( 34.45%), followed by between 1970-1999 ( 21.99%). There's also some housing in LaSalle built between 2000 and later ( 7.17%).

LaSalle Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in LaSalle, where house values have increased just 4.66%, which is annualized rate of 0.46%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, LaSalle appreciation rates have trailed the rest of the nation. In the last twelve months, LaSalle's appreciation rate has been 2.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in LaSalle were at 0.79%, which equates to an annual appreciation rate of 3.20%.

Notably, LaSalle's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Illinois, our data show that LaSalle's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$101,752

LaSalle, IL HOME PRICES

> $1,039,000
0.4%
0.4%
$779,001 - $1,039,000
0.1%
0.1%
$520,001 - $779,000
0.8%
0.8%
$416,001 - $520,000
1.2%
1.2%
$312,001 - $416,000
2.0%
2.0%
$208,001 - $312,000
11.1%
11.1%
$104,001 - $208,000
31.3%
31.3%
$52,001 - $104,000
41.4%
41.4%
$0 - $52,000
11.7%
11.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Low for IL

Value Relative To Nation

Number Of Homes And Apartments:
3,778

LaSalle Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
22.79% 0.97%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,065 / per month

Homeownership Rate

Owners
57.9%
57.9%
Renters
42.1%
42.1%
Vacant
8.8%
8.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.2%
7.2%
1970 - 1999
22.0%
22.0%
1940 - 1969
34.5%
34.5%
1939 or Older
36.4%
36.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
76.7%
76.7%
Townhomes
1.4%
1.4%
Small Apt. Buildings
14.2%
14.2%
Apt. Complexes
6.6%
6.6%
Mobile Homes
1.2%
1.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.1%
4.1%
1 Bedroom
7.9%
7.9%
2 Bedrooms
36.3%
36.3%
3 Bedrooms
38.6%
38.6%
4 Bedrooms
11.1%
11.1%
5 or more bedrooms
2.1%
2.1%
0.0% 100.0%
% OF HOMES