La Grande, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating La Grande Neighborhoods Since 2000




La Grande, OR 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 Grande Housing Market Information

With 13,074 people, 5,399 houses or apartments, and a median cost of homes of $157,425, La Grande real estate values are some of the lowest in Oregon, although compared to real estate around the nation, La Grande homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in La Grande, accounting for 57.48% of the city's housing units. Other types of housing that are prevalent in La Grande include large apartment complexes or high rise apartments ( 19.04%), mobile homes or trailers ( 10.24%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.46%).

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

There is a lot of housing in La Grande 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 Grande built before 1939 ( 27.42%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.81%). There's also some housing in La Grande built between 2000 and later ( 9.69%).

Vacant housing appears to be an issue in La Grande. Fully 10.43% of the housing stock is classified as vacant. Left unchecked, vacant La Grande homes and apartments can be a drag on the real estate market, holding La Grande 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 Grande Home Appreciation Rates

In the last 10 years, La Grande has experienced some of the highest home appreciation rates of any community in the nation. La Grande real estate appreciated 16.89% over the last ten years, which is an average annual home appreciation rate of 1.57%, putting La Grande in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, La Grande definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in La Grande that despite a nationwide downturn in the housing market, La Grande real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, La Grande appreciation rates continue to be some of the highest in America, at 7.53%, which is higher than appreciation rates in 84.27% 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 Grande. La Grande appreciation rates in the latest quarter were at 0.46%, which equates to an annual appreciation rate of 1.84%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within La Grande differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in La Grande - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best La Grande real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$157,425

La Grande, OR HOME PRICES

Value Range
> $1,141,000 0.2
$855,001 - $1,141,000 0.3
$570,001 - $855,000 1.2
$456,001 - $570,000 1.9
$342,001 - $456,000 8.9
$228,001 - $342,000 14.7
$114,001 - $228,000 53.2
$57,001 - $114,000 11.4
$0 - $57,000 8.2

Very Low for OR
Average for Nation

Value Relative to Nation Value Relative to State
46.8182350873081 93.2367149758454

Number Of Homes And Apartments:
5,399

La Grande Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
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
64.10% 2.91% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$911 / per month

Homeownership Rate

Homeownership
Owners 49.50
Renters 50.50
Vacant 10.43

Housing Market Details

 

Age of Homes

AGE OF La Grande HOMES
2000 or Newer 9.7
1970 - 1999 41.1
1940 - 1969 21.8
1939 or Older 27.4

Types of Homes

TYPE OF La Grande HOMES
Single-Family 57.5
Townhomes 3.8
Small Apt. Buildings 9.5
Apt. Complexes 19.0
Mobile Homes 10.2
Other 0.0

Home Size

SIZE OF La Grande HOMES
No Bedroom 6.15
1 Bedroom 9.36
2 Bedrooms 34.04
3 Bedrooms 38.22
4 Bedrooms 8.71
5 or more bedrooms 3.52

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Zip Codes in La Grande, OR