La Porte, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating La Porte Neighborhoods Since 2000




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 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 Porte Housing Market Information

With a population of 35,148, 12,170 total housing units (homes and apartments), and a median house value of $160,579, 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 78.95% of the city's housing units. Other types of housing that are prevalent in La Porte include large apartment complexes or high rise apartments ( 11.00%), mobile homes or trailers ( 3.96%), and a few row houses and other attached homes ( 3.17%).

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 73.83% of La Porte's homes, and 74.51% 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 ( 20.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.21%). There's also some housing in La Porte built before 1939 ( 1.46%).

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 23.53% over the last ten years, which is an average annual home appreciation rate of 2.14%, 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.

NeighborhoodScout's data show that during the latest twelve months, La Porte's appreciation rate, at 4.30%, has been at or slightly above the national average. In the latest quarter, La Porte's appreciation rate has been -0.09%, which annualizes to a rate of -0.38%.

Relative to Texas, our data show that La Porte's latest annual appreciation rate is lower than 70% 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:
$160,579

La Porte, TX HOME PRICES

Value Range
> $1,195,000 1.1
$896,001 - $1,195,000 0.3
$598,001 - $896,000 0.4
$478,001 - $598,000 0.3
$358,001 - $478,000 1.1
$239,001 - $358,000 7.4
$120,001 - $239,000 61.9
$60,001 - $120,000 21.3
$0 - $60,000 6.1

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
45.4353685690847 28.5019455252918

Number Of Homes And Apartments:
12,170

La Porte 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
66.49% 3.00% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,246 / per month

Homeownership Rate

Homeownership
Owners 73.83
Renters 26.17
Vacant 6.69

Housing Market Details

 

Age of Homes

AGE OF La Porte HOMES
2000 or Newer 15.2
1970 - 1999 63.2
1940 - 1969 20.1
1939 or Older 1.5

Types of Homes

TYPE OF La Porte HOMES
Single-Family 79.0
Townhomes 3.2
Small Apt. Buildings 2.7
Apt. Complexes 11.0
Mobile Homes 4.0
Other 0.2

Home Size

SIZE OF La Porte HOMES
No Bedroom 1.00
1 Bedroom 7.34
2 Bedrooms 15.22
3 Bedrooms 53.78
4 Bedrooms 20.73
5 or more bedrooms 1.93