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 a population of 994, 438 total housing units (homes and apartments), and a median house value of $718,391, real estate costs in La Conner 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 Conner, accounting for 53.97% of the town's housing units. Other types of housing that are prevalent in La Conner include large apartment complexes or high rise apartments ( 25.79%), duplexes, homes converted to apartments or other small apartment buildings ( 14.48%), and a few row houses and other attached homes ( 4.76%).
People in La Conner primarily live in small (one, two or no bedroom) single-family detached homes. La Conner has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in La Conner 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 Conner built before 1939 ( 27.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.87%). There's also some housing in La Conner built between 1940-1969 ( 7.74%).
Vacant housing appears to be an issue in La Conner. Fully 13.10% of the housing stock is classified as vacant. Left unchecked, vacant La Conner homes and apartments can be a drag on the real estate market, holding La Conner 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.
In the last 10 years, La Conner has experienced some of the highest home appreciation rates of any community in the nation. La Conner real estate appreciated 121.01% over the last ten years, which is an average annual home appreciation rate of 8.25%, putting La Conner in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, La Conner 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 Conner's appreciation rate, at 3.64%, has been at or slightly above the national average. In the latest quarter, La Conner's appreciation rate has been 2.49%, which annualizes to a rate of 10.34%.
Importantly, this makes La Conner one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Washington, our data show that La Conner's latest annual appreciation rate is higher than 70% of the other cities and towns in Washington.
$718,391
for Washington
for nation
438
$1,849 / per month