La Salle, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating La Salle Neighborhoods Since 2000




La Salle, MI 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 Salle Housing Market Information

With a population of 4,828, 912 total housing units (homes and apartments), and a median house value of $51,565, house prices in La Salle are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in La Salle, accounting for 97.95% of the town's housing units. Other types of housing that are prevalent in La Salle include large apartment complexes or high rise apartments ( 1.03%), mobile homes or trailers ( 1.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in La Salle. Owner-occupied housing accounts for 86.07% of La Salle's homes, and 76.49% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in La Salle 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 Salle built between 1940-1969 ( 34.42%). A lesser amount of the housing stock also hails from before 1939 ( 17.58%). There's also some housing in La Salle built between 2000 and later ( 10.10%).

La Salle Home Appreciation Rates

Appreciation rates for homes in La Salle have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.65%, which ranks in the top 30% nationwide. This equates to an annual average La Salle house appreciation rate of 0.93%.

Appreciation rates are so strong in La Salle that despite a nationwide downturn in the housing market, La Salle real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, La Salle appreciation rates continue to be some of the highest in America, at 8.29%, which is higher than appreciation rates in 88.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in La Salle. La Salle appreciation rates in the latest quarter were at 0.68%, which equates to an annual appreciation rate of 2.76%.

Relative to Michigan, our data show that La Salle's latest annual appreciation rate is higher than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$51,565

La Salle, MI HOME PRICES

Value Range
> $1,097,000 0.1
$822,001 - $1,097,000 0.1
$549,001 - $822,000 0.2
$439,001 - $549,000 1.3
$329,001 - $439,000 1.5
$219,001 - $329,000 3.8
$110,001 - $219,000 15.4
$55,001 - $110,000 28.8
$0 - $55,000 48.9

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
99.1913746630728 99.0384615384615

Number Of Homes And Apartments:
912

La Salle Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
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
51.02% 2.42% 10 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$771 / per month

Homeownership Rate

Homeownership
Owners 86.07
Renters 13.93
Vacant 7.31

Housing Market Details

 

Age of Homes

AGE OF La Salle HOMES
2000 or Newer 10.1
1970 - 1999 37.9
1940 - 1969 34.4
1939 or Older 17.6

Types of Homes

TYPE OF La Salle HOMES
Single-Family 97.9
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 1.0
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF La Salle HOMES
No Bedroom 1.35
1 Bedroom 0.94
2 Bedrooms 16.87
3 Bedrooms 55.99
4 Bedrooms 20.51
5 or more bedrooms 4.35