La Grange, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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La Grange, NC Real Estate Data


La Grange Housing Market Information

With 2,804 people, 1,525 houses or apartments, and a median cost of homes of $81,044, house prices in La Grange are some of the most affordable in North Carolina as well as the nation.

Single-family detached homes are the single most common housing type in La Grange, accounting for 65.56% of the town's housing units. Other types of housing that are prevalent in La Grange include mobile homes or trailers ( 20.35%), large apartment complexes or high rise apartments ( 10.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.65%).

The most prevalent building size and type in La Grange are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.44% owning and 38.56% renting.

There is a lot of housing in La Grange 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 Grange built between 1940-1969 ( 38.29%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.45%). There's also some housing in La Grange built before 1939 ( 4.82%).

La Grange Home Appreciation Rates

La Grange's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in La Grange during the period has been just -1.05%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, La Grange's appreciation rate, at 4.60%, has been at or slightly above the national average. In the latest quarter, La Grange's appreciation rate has been 0.99%, which annualizes to a rate of 4.04%.

Notably, La Grange's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$81,044

La Grange, NC HOME PRICES

Value Range
> $1,041,000 0.0
$780,001 - $1,041,000 0.0
$520,001 - $780,000 0.0
$416,001 - $520,000 0.0
$312,001 - $416,000 0.9
$208,001 - $312,000 13.9
$104,001 - $208,000 25.1
$52,001 - $104,000 34.8
$0 - $52,000 25.3

Very Low for NC
Very Low for Nation

Value Relative to Nation Value Relative to State
90.7067986180242 92.9219600725953

Number Of Homes And Apartments:
1,525

Rent & Ownership

 

Average Market Rent:
$679 / per month

Homeownership Rate

Homeownership
Owners 61.44
Renters 38.56
Vacant 8.19

Housing Market Details

 

Age of Homes

AGE OF La Grange HOMES
2000 or Newer 9.5
1970 - 1999 47.4
1940 - 1969 38.3
1939 or Older 4.8

Types of Homes

TYPE OF La Grange HOMES
Single-Family 65.6
Townhomes 1.0
Small Apt. Buildings 2.6
Apt. Complexes 10.5
Mobile Homes 20.3
Other 0.0

Home Size

SIZE OF La Grange HOMES
No Bedroom 0.00
1 Bedroom 12.40
2 Bedrooms 21.19
3 Bedrooms 58.58
4 Bedrooms 4.15
5 or more bedrooms 3.67

La Grange Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
13.22% 0.73% 2 1
* 10 is highest

Popular Neighborhoods in La Grange

Zip Codes in La Grange, NC