La Center, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating La Center Neighborhoods Since 2000




La Center, WA 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 Center Housing Market Information

With a population of 3,125, 1,106 total housing units (homes and apartments), and a median house value of $389,508, real estate costs in La Center are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.

Single-family detached homes are the single most common housing type in La Center, accounting for 90.26% of the city's housing units. Other types of housing that are prevalent in La Center include mobile homes or trailers ( 5.83%), duplexes, homes converted to apartments or other small apartment buildings ( 2.75%), and a few row houses and other attached homes ( 1.17%).

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 Center. Owner-occupied housing accounts for 77.40% of La Center's homes, and 82.18% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in La Center 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 Center built between 2000 and later ( 37.39%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.58%). There's also some housing in La Center built before 1939 ( 3.00%).

La Center Home Appreciation Rates

Appreciation rates for homes in La Center have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.34%, which ranks in the top 50% nationwide. This equates to an annual average La Center house appreciation rate of 0.03%.

Appreciation rates are so strong in La Center that despite a nationwide downturn in the housing market, La Center real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, La Center appreciation rates continue to be some of the highest in America, at 12.37%, which is higher than appreciation rates in 97.89% 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 Center. La Center appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.56%.

Importantly, this makes La Center one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$389,508

La Center, WA HOME PRICES

Value Range
> $1,360,000 1.0
$1,020,001 - $1,360,000 1.8
$680,001 - $1,020,000 3.7
$544,001 - $680,000 11.7
$408,001 - $544,000 27.6
$272,001 - $408,000 34.8
$136,001 - $272,000 12.7
$68,001 - $136,000 2.8
$0 - $68,000 3.8

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
9.92616899097621 20.5673758865248

Number Of Homes And Apartments:
1,106

La Center Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
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
70.82% 3.15% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,700 / per month

Homeownership Rate

Homeownership
Owners 77.40
Renters 22.60
Vacant 7.91

Housing Market Details

 

Age of Homes

AGE OF La Center HOMES
2000 or Newer 37.4
1970 - 1999 52.0
1940 - 1969 7.6
1939 or Older 3.0

Types of Homes

TYPE OF La Center HOMES
Single-Family 90.3
Townhomes 1.2
Small Apt. Buildings 2.7
Apt. Complexes 0.0
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF La Center HOMES
No Bedroom 0.00
1 Bedroom 2.41
2 Bedrooms 12.32
3 Bedrooms 52.62
4 Bedrooms 29.56
5 or more bedrooms 3.08