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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 22,198 people, 9,177 houses or apartments, and a median cost of homes of $193,906, house prices in La Porte are solidly below the national average.
Single-family detached homes are the single most common housing type in La Porte, accounting for 67.45% of the city's housing units. Other types of housing that are prevalent in La Porte include large apartment complexes or high rise apartments ( 13.26%), duplexes, homes converted to apartments or other small apartment buildings ( 12.66%), and a few row houses and other attached homes ( 3.89%).
The most prevalent building size and type in La Porte are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.48% owning and 40.52% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. La Porte's housing was primarily built during this period, from the '40s through the '60s. A full 35.30% of the city's housing hails from this era. Other housing ages represented in La Porte include homes built before 1939 ( 34.34%) and housing constructed between 1970-1999 ( 22.83%). There's also some housing in La Porte built between 2000 and later ( 7.53%).
Real estate appreciation rates in La Porte's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.09% during the period.
NeighborhoodScout's data show that during the latest twelve months, La Porte's appreciation rate, at 7.95%, has been at or slightly above the national average. In the latest quarter, La Porte's appreciation rate has been -4.06%, which annualizes to a rate of -15.28%.
Notably, La Porte's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that La Porte's latest annual appreciation rate is higher than 70% of the other cities and towns in Indiana.
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.
$193,906
for Indiana
for nation
9,177
$1,287 / per month