La Plata, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating La Plata Neighborhoods Since 2000




La Plata, MD 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 Plata Housing Market Information

With a population of 9,125, 3,081 total housing units (homes and apartments), and a median house value of $331,883, real estate costs in La Plata are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Single-family detached homes are the single most common housing type in La Plata, accounting for 61.01% of the town's housing units. Other types of housing that are prevalent in La Plata include row houses and other attached homes ( 21.90%), large apartment complexes or high rise apartments ( 16.23%).

The most prevalent building size and type in La Plata are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.25% owning and 37.75% renting.

There is a lot of housing in La Plata 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 La Plata built between 2000 and later ( 27.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.01%). There's also some housing in La Plata built before 1939 ( 1.12%).

La Plata Home Appreciation Rates

Homes have actually lost value in La Plata over the last then years, as home values have seen a decline of 25.85% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows La Plata home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

Over the last year, La Plata appreciation rates have trailed the rest of the nation. In the last twelve months, La Plata's appreciation rate has been 0.12%, 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 Plata were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Maryland, our data show that La Plata's latest annual appreciation rate is lower than 80% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$331,883

La Plata, MD HOME PRICES

Value Range
> $1,044,000 0.3
$783,001 - $1,044,000 0.0
$522,001 - $783,000 3.3
$418,001 - $522,000 18.1
$313,001 - $418,000 37.9
$209,001 - $313,000 30.4
$104,001 - $209,000 7.3
$52,001 - $104,000 0.0
$0 - $52,000 2.7

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
13.6001406304934 37.4045801526718

Number Of Homes And Apartments:
3,081

La Plata Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
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
45.95% 2.22% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,407 / per month

Homeownership Rate

Homeownership
Owners 62.25
Renters 37.75
Vacant 1.38

Housing Market Details

 

Age of Homes

AGE OF La Plata HOMES
2000 or Newer 27.5
1970 - 1999 60.4
1940 - 1969 11.0
1939 or Older 1.1

Types of Homes

TYPE OF La Plata HOMES
Single-Family 61.0
Townhomes 21.9
Small Apt. Buildings 0.9
Apt. Complexes 16.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF La Plata HOMES
No Bedroom 0.80
1 Bedroom 6.85
2 Bedrooms 19.11
3 Bedrooms 27.34
4 Bedrooms 35.21
5 or more bedrooms 10.69