Lagrange, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lagrange Neighborhoods Since 2000




Lagrange, 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

Lagrange Housing Market Information

With a population of 2,715, 1,122 total housing units (homes and apartments), and a median house value of $151,768, Lagrange real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Lagrange, accounting for 56.24% of the town's housing units. Other types of housing that are prevalent in Lagrange include large apartment complexes or high rise apartments ( 18.31%), duplexes, homes converted to apartments or other small apartment buildings ( 16.42%), and a few mobile homes or trailers ( 8.13%).

People in Lagrange primarily live in small (one, two or no bedroom) single-family detached homes. Lagrange has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Lagrange built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lagrange built before 1939 ( 36.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.43%). There's also some housing in Lagrange built between 2000 and later ( 4.68%).

Lagrange Home Appreciation Rates

Appreciation rates for homes in Lagrange have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.07%, which ranks in the top 50% nationwide. This equates to an annual average Lagrange house appreciation rate of 0.40%.

NeighborhoodScout's data show that during the latest twelve months, Lagrange's appreciation rate, at 3.71%, has been at or slightly above the national average. In the latest quarter, Lagrange's appreciation rate has been -1.14%, which annualizes to a rate of -4.49%.

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

Relative to Indiana, our data show that Lagrange's latest annual appreciation rate is higher than 50% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$151,768

Lagrange, IN HOME PRICES

Value Range
> $1,109,000 0.0
$832,001 - $1,109,000 3.8
$554,001 - $832,000 1.2
$443,001 - $554,000 1.3
$333,001 - $443,000 6.2
$222,001 - $333,000 11.1
$111,001 - $222,000 39.1
$56,001 - $111,000 28.9
$0 - $56,000 8.4

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
49.2265322864174 27.6018099547511

Number Of Homes And Apartments:
1,122

Lagrange 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
16.46% 0.89% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$739 / per month

Homeownership Rate

Homeownership
Owners 55.93
Renters 44.07
Vacant 7.88

Housing Market Details

 

Age of Homes

AGE OF Lagrange HOMES
2000 or Newer 4.7
1970 - 1999 37.2
1940 - 1969 21.4
1939 or Older 36.7

Types of Homes

TYPE OF Lagrange HOMES
Single-Family 56.2
Townhomes 0.9
Small Apt. Buildings 16.4
Apt. Complexes 18.3
Mobile Homes 8.1
Other 0.0

Home Size

SIZE OF Lagrange HOMES
No Bedroom 0.00
1 Bedroom 20.28
2 Bedrooms 31.77
3 Bedrooms 34.81
4 Bedrooms 10.34
5 or more bedrooms 2.79

Popular Neighborhoods in Lagrange

Zip Codes in Lagrange, IN