La Porte, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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La Porte, TX Real Estate Data


La Porte Housing Market Information

With 35,148 people, 11,606 houses or apartments, and a median cost of homes of $153,376, La Porte 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 Porte, accounting for 79.44% of the city's housing units. Other types of housing that are prevalent in La Porte include large apartment complexes or high rise apartments ( 9.48%), mobile homes or trailers ( 4.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.07%).

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 Porte. Owner-occupied housing accounts for 74.14% of La Porte's homes, and 74.93% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in La Porte 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 Porte built between 1940-1969 ( 20.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.31%). There's also some housing in La Porte built before 1939 ( 1.61%).

La Porte Home Appreciation Rates

In the last 10 years, La Porte has experienced some of the highest home appreciation rates of any community in the nation. La Porte real estate appreciated 25.44% over the last ten years, which is an average annual home appreciation rate of 2.29%, putting La Porte in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, La Porte definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, La Porte appreciation rates have trailed the rest of the nation. In the last twelve months, La Porte's appreciation rate has been 4.33%, 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 Porte were at 1.83%, which equates to an annual appreciation rate of 7.53%.

Relative to Texas, our data show that La Porte's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within La Porte differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in La Porte - 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 Porte real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$153,376

La Porte, TX HOME PRICES

Value Range
> $1,255,000 1.1
$941,001 - $1,255,000 0.3
$628,001 - $941,000 0.2
$502,001 - $628,000 0.2
$377,001 - $502,000 1.0
$251,001 - $377,000 8.0
$126,001 - $251,000 60.7
$63,001 - $126,000 21.5
$0 - $63,000 6.9

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
49.2885167183932 32.4271844660194

Number Of Homes And Apartments:
11,606

Rent & Ownership

 

Average Market Rent:
$1,171 / per month

Homeownership Rate

Homeownership
Owners 74.14
Renters 25.86
Vacant 7.74

Housing Market Details

 

Age of Homes

AGE OF La Porte HOMES
2000 or Newer 14.3
1970 - 1999 63.1
1940 - 1969 20.9
1939 or Older 1.6

Types of Homes

TYPE OF La Porte HOMES
Single-Family 79.4
Townhomes 3.0
Small Apt. Buildings 3.1
Apt. Complexes 9.5
Mobile Homes 4.8
Other 0.2

Home Size

SIZE OF La Porte HOMES
No Bedroom 1.05
1 Bedroom 6.99
2 Bedrooms 15.53
3 Bedrooms 52.94
4 Bedrooms 22.00
5 or more bedrooms 1.50

La Porte Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
68.00% 3.10% 5 8
* 10 is highest