La Grange, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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La Grange, TX 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 Grange Housing Market Information

With a population of 4,712, 1,588 total housing units (homes and apartments), and a median house value of $157,928, La Grange real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in La Grange, accounting for 62.51% of the city's housing units. Other types of housing that are prevalent in La Grange include mobile homes or trailers ( 14.75%), duplexes, homes converted to apartments or other small apartment buildings ( 10.80%), and a few large apartment complexes or high rise apartments ( 9.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in La Grange. Owner-occupied housing accounts for 65.38% of La Grange's homes, and 57.38% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in La Grange 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 Grange built between 1940-1969 ( 23.78%). A lesser amount of the housing stock also hails from before 1939 ( 13.07%). There's also some housing in La Grange built between 2000 and later ( 8.19%).

Vacant housing appears to be an issue in La Grange. Fully 21.66% of the housing stock is classified as vacant. Left unchecked, vacant La Grange homes and apartments can be a drag on the real estate market, holding La Grange 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 Grange Home Appreciation Rates

In the last 10 years, La Grange has experienced some of the highest home appreciation rates of any community in the nation. La Grange real estate appreciated 33.99% over the last ten years, which is an average annual home appreciation rate of 2.97%, putting La Grange in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, La Grange definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, La Grange's appreciation rate, at 4.29%, has been at or slightly above the national average. In the latest quarter, La Grange's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$157,928

La Grange, TX HOME PRICES

Value Range
> $1,131,000 0.9
$848,001 - $1,131,000 0.0
$566,001 - $848,000 0.0
$452,001 - $566,000 4.4
$339,001 - $452,000 9.0
$226,001 - $339,000 12.5
$113,001 - $226,000 44.0
$56,001 - $113,000 21.4
$0 - $56,000 7.8

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
46.5955701394586 29.863813229572

Number Of Homes And Apartments:
1,588

La Grange Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
79.73% 3.46% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,141 / per month

Homeownership Rate

Homeownership
Owners 65.38
Renters 34.62
Vacant 21.66

Housing Market Details

 

Age of Homes

AGE OF La Grange HOMES
2000 or Newer 8.2
1970 - 1999 55.0
1940 - 1969 23.8
1939 or Older 13.1

Types of Homes

TYPE OF La Grange HOMES
Single-Family 62.5
Townhomes 2.1
Small Apt. Buildings 10.8
Apt. Complexes 9.8
Mobile Homes 14.8
Other 0.0

Home Size

SIZE OF La Grange HOMES
No Bedroom 2.81
1 Bedroom 4.19
2 Bedrooms 35.62
3 Bedrooms 47.76
4 Bedrooms 9.62
5 or more bedrooms 0.00

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Zip Codes in La Grange, TX