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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF La Grande HOMES|
|2000 or Newer||9.7|
|1970 - 1999||41.1|
|1940 - 1969||21.8|
|1939 or Older||27.4|
|TYPE OF La Grande HOMES|
|Small Apt. Buildings||9.5|
|SIZE OF La Grande HOMES|
|5 or more bedrooms||3.52|