La Pine, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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La Pine, 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 Pine Housing Market Information

With a population of 1,777, 737 total housing units (homes and apartments), and a median house value of $217,466, La Pine real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in La Pine, accounting for 70.72% of the city's housing units. Other types of housing that are prevalent in La Pine include mobile homes or trailers ( 16.89%), large apartment complexes or high rise apartments ( 5.88%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.78%).

The most prevalent building size and type in La Pine are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.23% owning and 52.77% renting.

La Pine homes and real estate are some of the newest in America. 43.65% of La Pine's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the La Pine real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.92%), and between 1940-1969 ( 13.64%). There's also some housing in La Pine built before 1939 ( 1.78%).

Vacant housing appears to be an issue in La Pine. Fully 22.67% of the housing stock is classified as vacant. Left unchecked, vacant La Pine homes and apartments can be a drag on the real estate market, holding La Pine 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 Pine Home Appreciation Rates

La Pine's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in La Pine during the period has been just -1.58%, which is lower than 80% of US communities.

Appreciation rates are so strong in La Pine that despite a nationwide downturn in the housing market, La Pine real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, La Pine appreciation rates continue to be some of the highest in America, at 7.78%, which is higher than appreciation rates in 85.61% 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 Pine. La Pine appreciation rates in the latest quarter were at 1.64%, which equates to an annual appreciation rate of 6.73%.

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

Average Home Values

 

Median Home Value:
$217,466

La Pine, OR HOME PRICES

Value Range
> $1,401,000 0.0
$1,051,001 - $1,401,000 2.4
$700,001 - $1,051,000 1.4
$561,001 - $700,000 1.1
$420,001 - $561,000 6.9
$280,001 - $420,000 21.9
$140,001 - $280,000 44.5
$70,001 - $140,000 18.2
$0 - $70,000 3.7

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
28.2022735263096 73.4299516908213

Number Of Homes And Apartments:
737

La Pine 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
63.87% 2.90% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,074 / per month

Homeownership Rate

Homeownership
Owners 47.23
Renters 52.77
Vacant 22.67

Housing Market Details

 

Age of Homes

AGE OF La Pine HOMES
2000 or Newer 43.7
1970 - 1999 40.9
1940 - 1969 13.6
1939 or Older 1.8

Types of Homes

TYPE OF La Pine HOMES
Single-Family 70.7
Townhomes 2.7
Small Apt. Buildings 3.8
Apt. Complexes 5.9
Mobile Homes 16.9
Other 0.0

Home Size

SIZE OF La Pine HOMES
No Bedroom 1.99
1 Bedroom 12.17
2 Bedrooms 22.56
3 Bedrooms 58.87
4 Bedrooms 3.57
5 or more bedrooms 0.84

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Zip Codes in La Pine, OR