La Crescent, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating La Crescent Neighborhoods Since 2000




La Crescent, MN 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 Crescent Housing Market Information

With 4,826 people, 2,081 houses or apartments, and a median cost of homes of $203,627, La Crescent real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in La Crescent, accounting for 70.34% of the city's housing units. Other types of housing that are prevalent in La Crescent include large apartment complexes or high rise apartments ( 11.24%), duplexes, homes converted to apartments or other small apartment buildings ( 7.89%), and a few mobile homes or trailers ( 7.42%).

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 Crescent. Owner-occupied housing accounts for 74.30% of La Crescent's homes, and 58.81% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in La Crescent 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 Crescent built between 1940-1969 ( 35.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.69%). There's also some housing in La Crescent built before 1939 ( 5.90%).

La Crescent Home Appreciation Rates

Appreciation rates for homes in La Crescent have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.86%, which ranks in the top 40% nationwide. This equates to an annual average La Crescent house appreciation rate of 0.76%.

NeighborhoodScout's data show that during the latest twelve months, La Crescent's appreciation rate, at 4.91%, has been at or slightly above the national average. In the latest quarter, La Crescent's appreciation rate has been 2.42%, which annualizes to a rate of 10.02%.

Importantly, this makes La Crescent one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Minnesota, our data show that La Crescent's latest annual appreciation rate is higher than 60% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$203,627

La Crescent, MN HOME PRICES

Value Range
> $1,112,000 0.9
$834,001 - $1,112,000 0.9
$556,001 - $834,000 1.0
$445,001 - $556,000 3.4
$333,001 - $445,000 9.9
$222,001 - $333,000 23.2
$111,001 - $222,000 47.0
$55,001 - $111,000 3.6
$0 - $55,000 10.0

High for MN
High for Nation

Value Relative to Nation Value Relative to State
31.3664596273292 39.6303901437372

Number Of Homes And Apartments:
2,081

La Crescent Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
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
44.60% 2.16% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$769 / per month

Homeownership Rate

Homeownership
Owners 74.30
Renters 25.70
Vacant 1.70

Housing Market Details

 

Age of Homes

AGE OF La Crescent HOMES
2000 or Newer 8.7
1970 - 1999 50.3
1940 - 1969 35.1
1939 or Older 5.9

Types of Homes

TYPE OF La Crescent HOMES
Single-Family 70.3
Townhomes 3.1
Small Apt. Buildings 7.9
Apt. Complexes 11.2
Mobile Homes 7.4
Other 0.0

Home Size

SIZE OF La Crescent HOMES
No Bedroom 1.56
1 Bedroom 3.78
2 Bedrooms 29.62
3 Bedrooms 42.14
4 Bedrooms 16.67
5 or more bedrooms 6.24

Popular Neighborhoods in La Crescent

Zip Codes in La Crescent, MN