La Grande OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



map preview
Please wait, loading your map...





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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

La Grande Housing Market Information

With 13,271 people, 5,328 houses or apartments, and a median cost of homes of $193,636, 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 57.07% of the city's housing units. Other types of housing that are prevalent in La Grande include large apartment complexes or high rise apartments ( 18.91%), mobile homes or trailers ( 12.26%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.11%).

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 ( 28.85%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.79%). There's also some housing in La Grande built between 2000 and later ( 9.23%).

Vacant housing appears to be an issue in La Grande. Fully 11.10% 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

Appreciation rates for homes in La Grande have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 31.89%, which ranks in the top 50% nationwide. This equates to an annual average La Grande house appreciation rate of 2.81%.

Over the last year, La Grande appreciation rates have trailed the rest of the nation. In the last twelve months, La Grande's appreciation rate has been 3.79%, 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 Grande were at 1.34%, which equates to an annual appreciation rate of 5.46%.

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:
$193,636

La Grande, OR HOME PRICES

Value Range
> $1,222,000 0.6
$916,001 - $1,222,000 0.2
$611,001 - $916,000 1.8
$488,001 - $611,000 2.7
$366,001 - $488,000 8.8
$244,001 - $366,000 19.1
$122,001 - $244,000 44.5
$61,001 - $122,000 10.4
$0 - $61,000 11.8

Very Low for OR
Average for Nation

Value Relative to Nation Value Relative to State
43.4394160583942 91.304347826087

Number Of Homes And Apartments:
5,328

La Grande Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
86.60% 3.09%
2
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,089 / per month

Homeownership Rate

Homeownership
Owners 48.63
Renters 51.37
Vacant 11.10

Housing Market Details

 

Age of Homes

AGE OF La Grande HOMES
2000 or Newer 9.2
1970 - 1999 41.1
1940 - 1969 20.8
1939 or Older 28.9

Types of Homes

TYPE OF La Grande HOMES
Single-Family 57.1
Townhomes 3.5
Small Apt. Buildings 8.1
Apt. Complexes 18.9
Mobile Homes 12.3
Other 0.1

Home Size

SIZE OF La Grande HOMES
No Bedroom 4.89
1 Bedroom 10.16
2 Bedrooms 37.04
3 Bedrooms 33.87
4 Bedrooms 10.36
5 or more bedrooms 3.67

Popular Communities Near La Grande, OR

Zip Codes in La Grande, OR