La Porte, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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La Porte, IN 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 Porte Housing Market Information

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 Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$112,350

La Porte, IN HOME PRICES

Value Range
> $1,029,000 0.1
$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

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
69.9343724364233 61.5384615384615

Number Of Homes And Apartments:
9,339

La Porte Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
5.39% 0.30% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$772 / per month

Homeownership Rate

Homeownership
Owners 54.99
Renters 45.01
Vacant 9.11

Housing Market Details

 

Age of Homes

AGE OF La Porte HOMES
2000 or Newer 5.7
1970 - 1999 27.2
1940 - 1969 31.9
1939 or Older 35.2

Types of Homes

TYPE OF La Porte HOMES
Single-Family 63.0
Townhomes 4.4
Small Apt. Buildings 14.3
Apt. Complexes 15.5
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF La Porte HOMES
No Bedroom 2.67
1 Bedroom 13.68
2 Bedrooms 32.30
3 Bedrooms 36.51
4 Bedrooms 12.64
5 or more bedrooms 2.20