LaSalle, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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LaSalle, IL Real Estate Data


LaSalle Housing Market Information

With a population of 9,263, 4,104 total housing units (homes and apartments), and a median house value of $91,896, 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 77.36% 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 ( 10.96%), large apartment complexes or high rise apartments ( 8.70%), and a few mobile homes or trailers ( 1.83%).

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 58.21% owning and 41.79% renting.

The housing in LaSalle was primarily built before 1939 ( 46.44%), 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 ( 34.96%), followed by between 1970-1999 ( 14.93%). There's also some housing in LaSalle built between 2000 and later ( 3.67%).

Vacant housing appears to be an issue in LaSalle. Fully 11.44% of the housing stock is classified as vacant. Left unchecked, vacant LaSalle homes and apartments can be a drag on the real estate market, holding LaSalle real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

LaSalle Home Appreciation Rates

LaSalle's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in LaSalle during the period has been just -1.44%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, LaSalle's appreciation rate, at 3.59%, has been at or slightly above the national average. In the latest quarter, LaSalle's appreciation rate has been 0.86%, which annualizes to a rate of 3.50%.

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

Average Home Values

 

Median Home Value:
$91,896

LaSalle, IL HOME PRICES

Value Range
> $1,010,000 0.4
$758,001 - $1,010,000 0.3
$505,001 - $758,000 0.7
$404,001 - $505,000 0.2
$303,001 - $404,000 3.1
$202,001 - $303,000 8.0
$101,001 - $202,000 27.8
$51,001 - $101,000 45.4
$0 - $51,000 14.0

Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
82.6086956521739 78.3544303797468

Number Of Homes And Apartments:
4,104

Rent & Ownership

 

Average Market Rent:
$895 / per month

Homeownership Rate

Homeownership
Owners 58.21
Renters 41.79
Vacant 11.44

Housing Market Details

 

Age of Homes

AGE OF LaSalle HOMES
2000 or Newer 3.7
1970 - 1999 14.9
1940 - 1969 35.0
1939 or Older 46.4

Types of Homes

TYPE OF LaSalle HOMES
Single-Family 77.4
Townhomes 1.1
Small Apt. Buildings 11.0
Apt. Complexes 8.7
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF LaSalle HOMES
No Bedroom 2.11
1 Bedroom 11.22
2 Bedrooms 33.15
3 Bedrooms 42.88
4 Bedrooms 7.94
5 or more bedrooms 2.70

LaSalle Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
11.16% 0.62% 3 1
* 10 is highest