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 4,504 people, 1,970 houses or apartments, and a median cost of homes of $438,103, La Grange real estate is some of the most expensive in Texas, although La Grange home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in La Grange, accounting for 73.50% of the city's housing units. Other types of housing that are prevalent in La Grange include duplexes, homes converted to apartments or other small apartment buildings ( 11.24%), large apartment complexes or high rise apartments ( 10.45%), and a few mobile homes or trailers ( 3.98%).
The most prevalent building size and type in La Grange are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.54% owning and 46.46% renting.
There is a lot of housing in La Grange 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 Grange built between 1940-1969 ( 25.18%). A lesser amount of the housing stock also hails from before 1939 ( 19.70%). There's also some housing in La Grange built between 2000 and later ( 14.48%).
Vacant housing appears to be an issue in La Grange. Fully 18.29% of the housing stock is classified as vacant. Left unchecked, vacant La Grange homes and apartments can be a drag on the real estate market, holding La Grange real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in La Grange have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.37%, which ranks in the top 30% nationwide. This equates to an annual average La Grange house appreciation rate of 7.51%.
Over the last year, La Grange appreciation rates have trailed the rest of the nation. In the last twelve months, La Grange's appreciation rate has been 2.40%, 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 Grange were at -0.76%, which equates to an annual appreciation rate of -2.99%.
Relative to Texas, our data show that La Grange's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.
$438,103
for Texas
for nation
1,970
$1,301 / per month