La Porte, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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La Porte, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

La Porte Housing Market Information

With a population of 35,371, 12,491 total housing units (homes and apartments), and a median house value of $182,091, 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 76.45% of the city's housing units. Other types of housing that are prevalent in La Porte include large apartment complexes or high rise apartments ( 12.05%), mobile homes or trailers ( 4.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.41%).

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 73.55% of La Porte's homes, and 73.05% 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 ( 20.68%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.56%). There's also some housing in La Porte built before 1939 ( 2.27%).

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 53.87% over the last ten years, which is an average annual home appreciation rate of 4.40%, putting La Porte in the top 10% 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.

Appreciation rates are so strong in La Porte that despite a nationwide downturn in the housing market, La Porte real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, La Porte appreciation rates continue to be some of the highest in America, at 9.55%, which is higher than appreciation rates in 89.68% 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 Porte. La Porte appreciation rates in the latest quarter were at -0.93%, which equates to an annual appreciation rate of -3.65%.

Notably, La Porte's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that La Porte's latest annual appreciation rate is higher than 90% 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:
$182,091

La Porte, TX HOME PRICES

Value Range
> $1,326,000 0.4
$995,001 - $1,326,000 0.1
$663,001 - $995,000 0.3
$531,001 - $663,000 0.5
$398,001 - $531,000 2.6
$265,001 - $398,000 10.0
$132,001 - $265,000 64.1
$66,001 - $132,000 15.2
$0 - $66,000 6.8

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
43.6846715328467 29.1949563530553

Number Of Homes And Apartments:
12,491

La Porte Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
102.46% 3.73%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,350 / per month

Homeownership Rate

Homeownership
Owners 73.55
Renters 26.45
Vacant 6.12

Housing Market Details

 

Age of Homes

AGE OF La Porte HOMES
2000 or Newer 16.6
1970 - 1999 60.5
1940 - 1969 20.7
1939 or Older 2.3

Types of Homes

TYPE OF La Porte HOMES
Single-Family 76.5
Townhomes 2.2
Small Apt. Buildings 4.4
Apt. Complexes 12.0
Mobile Homes 4.6
Other 0.3

Home Size

SIZE OF La Porte HOMES
No Bedroom 1.23
1 Bedroom 8.27
2 Bedrooms 15.42
3 Bedrooms 52.45
4 Bedrooms 20.59
5 or more bedrooms 2.04