Lagrange, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lagrange, IN Real Estate Data


Lagrange Housing Market Information

With 2,715 people, 1,028 houses or apartments, and a median cost of homes of $164,656, 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 57.30% of the town's housing units. Other types of housing that are prevalent in Lagrange include large apartment complexes or high rise apartments ( 19.73%), duplexes, homes converted to apartments or other small apartment buildings ( 12.79%), and a few mobile homes or trailers ( 8.56%).

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 ( 38.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.55%). There's also some housing in Lagrange built between 2000 and later ( 3.42%).

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 9.16%, which ranks in the top 40% nationwide. This equates to an annual average Lagrange house appreciation rate of 0.88%.

Appreciation rates are so strong in Lagrange that despite a nationwide downturn in the housing market, Lagrange real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lagrange appreciation rates continue to be some of the highest in America, at 6.99%, which is higher than appreciation rates in 84.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lagrange. Lagrange appreciation rates in the latest quarter were at 2.34%, which equates to an annual appreciation rate of 9.71%.

Relative to Indiana, our data show that Lagrange's latest annual appreciation rate is higher than 80% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$164,656

Lagrange, IN HOME PRICES

Value Range
> $1,167,000 0.0
$875,001 - $1,167,000 3.8
$583,001 - $875,000 1.0
$467,001 - $583,000 1.3
$350,001 - $467,000 6.6
$233,001 - $350,000 10.2
$117,001 - $233,000 44.2
$58,001 - $117,000 23.5
$0 - $58,000 9.5

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
44.9083562686655 20.8144796380091

Number Of Homes And Apartments:
1,028

Rent & Ownership

 

Average Market Rent:
$762 / per month

Homeownership Rate

Homeownership
Owners 56.78
Renters 43.22
Vacant 7.39

Housing Market Details

 

Age of Homes

AGE OF Lagrange HOMES
2000 or Newer 3.4
1970 - 1999 38.6
1940 - 1969 19.5
1939 or Older 38.4

Types of Homes

TYPE OF Lagrange HOMES
Single-Family 57.3
Townhomes 1.6
Small Apt. Buildings 12.8
Apt. Complexes 19.7
Mobile Homes 8.6
Other 0.0

Home Size

SIZE OF Lagrange HOMES
No Bedroom 0.36
1 Bedroom 15.86
2 Bedrooms 34.68
3 Bedrooms 31.71
4 Bedrooms 12.52
5 or more bedrooms 4.86

Lagrange Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
24.22% 1.28% 6 2
* 10 is highest

Popular Neighborhoods in Lagrange

Zip Codes in Lagrange, IN