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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 21,916, 9,339 total housing units (homes and apartments), and a median house value of $112,350, house prices in La Porte are solidly below the national average.
Single-family detached homes are the single most common housing type in La Porte, accounting for 62.98% of the city's housing units. Other types of housing that are prevalent in La Porte include large apartment complexes or high rise apartments ( 15.46%), duplexes, homes converted to apartments or other small apartment buildings ( 14.30%), and a few row houses and other attached homes ( 4.41%).
The most prevalent building size and type in La Porte are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.99% owning and 45.01% renting.
The housing in La Porte was primarily built before 1939 ( 35.17%), making the housing stock in La Porte some of the oldest overall in America, although there is a range of ages of homes in La Porte. The next most important housing age is between 1940-1969 ( 31.91%), followed by between 1970-1999 ( 27.22%). There's also some housing in La Porte built between 2000 and later ( 5.69%).
La Porte's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in La Porte during the period has been just -1.03%, which is lower than 70% of US communities.
Over the last year, La Porte appreciation rates have trailed the rest of the nation. In the last twelve months, La Porte's appreciation rate has been -3.14%, 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 Porte were at -3.78%, which equates to an annual appreciation rate of -14.27%.
Notably, La Porte's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that La Porte's latest annual appreciation rate is lower than 90% of the other cities and towns in Indiana.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within La Porte differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in La Porte - 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 Porte real estate investment or home purchase decisions.
|$772,001 - $1,029,000||0.5|
|$515,001 - $772,000||0.6|
|$411,001 - $515,000||0.7|
|$309,001 - $411,000||1.8|
|$206,001 - $309,000||6.6|
|$103,001 - $206,000||38.3|
|$52,001 - $103,000||44.7|
|$0 - $52,000||6.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF La Porte HOMES|
|2000 or Newer||5.7|
|1970 - 1999||27.2|
|1940 - 1969||31.9|
|1939 or Older||35.2|
|TYPE OF La Porte HOMES|
|Small Apt. Buildings||14.3|
|SIZE OF La Porte HOMES|
|5 or more bedrooms||2.20|