La Plata, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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La Plata, MO 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 1,336, 564 total housing units (homes and apartments), and a median house value of $84,089, house prices in La Plata are some of the most affordable in Missouri as well as the nation.

Single-family detached homes are the single most common housing type in La Plata, accounting for 71.34% of the city's housing units. Other types of housing that are prevalent in La Plata include mobile homes or trailers ( 13.24%), duplexes, homes converted to apartments or other small apartment buildings ( 11.18%), and a few large apartment complexes or high rise apartments ( 3.47%).

The most prevalent building size and type in La Plata are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.01% owning and 39.99% 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 1940-1969 ( 34.58%). A lesser amount of the housing stock also hails from before 1939 ( 17.74%). There's also some housing in La Plata built between 2000 and later ( 4.63%).

Vacant housing appears to be an issue in La Plata. Fully 27.51% of the housing stock is classified as vacant. Left unchecked, vacant La Plata homes and apartments can be a drag on the real estate market, holding La Plata real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

La Plata Home Appreciation Rates

Appreciation rates for homes in La Plata have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.25%, which ranks in the top 30% nationwide. This equates to an annual average La Plata house appreciation rate of 0.89%.

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 2.45%, 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 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Missouri, our data show that La Plata's latest annual appreciation rate is lower than 50% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$84,089

La Plata, MO HOME PRICES

Value Range
> $1,089,000 2.6
$817,001 - $1,089,000 2.0
$544,001 - $817,000 0.0
$436,001 - $544,000 0.0
$327,001 - $436,000 0.0
$218,001 - $327,000 6.9
$109,001 - $218,000 21.7
$55,001 - $109,000 37.6
$0 - $55,000 29.2

Very Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
87.9350755888902 85.0

Number Of Homes And Apartments:
564

La Plata Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
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
52.97% 2.49% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$661 / per month

Homeownership Rate

Homeownership
Owners 60.01
Renters 39.99
Vacant 27.51

Housing Market Details

 

Age of Homes

AGE OF La Plata HOMES
2000 or Newer 4.6
1970 - 1999 43.1
1940 - 1969 34.6
1939 or Older 17.7

Types of Homes

TYPE OF La Plata HOMES
Single-Family 71.3
Townhomes 0.8
Small Apt. Buildings 11.2
Apt. Complexes 3.5
Mobile Homes 13.2
Other 0.0

Home Size

SIZE OF La Plata HOMES
No Bedroom 2.70
1 Bedroom 12.60
2 Bedrooms 32.01
3 Bedrooms 36.25
4 Bedrooms 13.62
5 or more bedrooms 2.83

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Zip Codes in La Plata, MO