Laconia, NH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Laconia Neighborhoods Since 2000




Laconia, NH 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

Laconia Housing Market Information

With a population of 16,227, 6,776 total housing units (homes and apartments), and a median house value of $224,839, Laconia real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Laconia, accounting for 51.68% of the city's housing units. Other types of housing that are prevalent in Laconia include large apartment complexes or high rise apartments ( 19.47%), duplexes, homes converted to apartments or other small apartment buildings ( 19.24%), and a few row houses and other attached homes ( 5.66%).

People in Laconia primarily live in small (one, two or no bedroom) single-family detached homes. Laconia has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Laconia 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 Laconia built before 1939 ( 31.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.57%). There's also some housing in Laconia built between 2000 and later ( 10.01%).

Vacant housing appears to be an issue in Laconia. Fully 31.21% of the housing stock is classified as vacant. Left unchecked, vacant Laconia homes and apartments can be a drag on the real estate market, holding Laconia 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.

Laconia Home Appreciation Rates

Homes have actually lost value in Laconia over the last then years, as home values have seen a decline of 20.79% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Laconia home appreciation rates at -0.46%, which equates to an annual appreciation rate of -1.83%.

Over the last year, Laconia appreciation rates have trailed the rest of the nation. In the last twelve months, Laconia's appreciation rate has been 3.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Laconia were at -0.46%, which equates to an annual appreciation rate of -1.83%.

Relative to New Hampshire, our data show that Laconia's latest annual appreciation rate is lower than 60% of the other cities and towns in New Hampshire.

Average Home Values

 

Median Home Value:
$224,839

Laconia, NH HOME PRICES

Value Range
> $1,054,000 1.7
$791,001 - $1,054,000 1.9
$527,001 - $791,000 0.5
$422,001 - $527,000 3.0
$316,001 - $422,000 11.6
$211,001 - $316,000 22.9
$105,001 - $211,000 49.7
$53,001 - $105,000 6.6
$0 - $53,000 2.2

Low for NH
High for Nation

Value Relative to Nation Value Relative to State
26.8194070080863 66.8789808917197

Number Of Homes And Apartments:
6,776

Laconia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
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
39.95% 1.97% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,153 / per month

Homeownership Rate

Homeownership
Owners 53.95
Renters 46.05
Vacant 31.21

Housing Market Details

 

Age of Homes

AGE OF Laconia HOMES
2000 or Newer 10.0
1970 - 1999 38.1
1940 - 1969 20.6
1939 or Older 31.3

Types of Homes

TYPE OF Laconia HOMES
Single-Family 51.7
Townhomes 5.7
Small Apt. Buildings 19.2
Apt. Complexes 19.5
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Laconia HOMES
No Bedroom 2.89
1 Bedroom 14.72
2 Bedrooms 33.19
3 Bedrooms 33.91
4 Bedrooms 11.46
5 or more bedrooms 3.83