La Porte, IN Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

La Porte, IN Housing Market Trends

With 21,569 people, 9,253 houses or apartments, and a median cost of homes of $156,353, 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 65.15% of the city's housing units. Other types of housing that are prevalent in La Porte include large apartment complexes or high rise apartments ( 16.53%), duplexes, homes converted to apartments or other small apartment buildings ( 9.88%), and a few row houses and other attached homes ( 5.19%).

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 58.60% owning and 41.40% renting.

The housing in La Porte was primarily built before 1939 ( 35.68%), making the housing stock in La Porte some of the oldest overall in America, although there is a range of ages of homes in La Porte. The next most important housing age is between 1940-1969 ( 30.69%), followed by between 1970-1999 ( 25.36%). There's also some housing in La Porte built between 2000 and later ( 8.27%).

La Porte Home Appreciation Rates

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 3.25% during the period.

Over the last year, La Porte appreciation rates have trailed the rest of the nation. In the last twelve months, La Porte's appreciation rate has been 7.58%, 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 Porte were at 1.67%, which equates to an annual appreciation rate of 6.85%.

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 lower than 80% 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.

Average Home Values

 

Median Home Value:
$156,353

La Porte, IN HOME PRICES

> $1,231,000
0.3%
0.3%
$923,001 - $1,231,000
0.0%
0.0%
$616,001 - $923,000
0.9%
0.9%
$492,001 - $616,000
0.8%
0.8%
$369,001 - $492,000
2.1%
2.1%
$246,001 - $369,000
8.8%
8.8%
$123,001 - $246,000
44.1%
44.1%
$61,001 - $123,000
38.1%
38.1%
$0 - $61,000
4.8%
4.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for IN

Value Relative To Nation

Number Of Homes And Apartments:
9,253

La Porte Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
40.93% 1.61%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$929 / per month

Homeownership Rate

Owners
58.6%
58.6%
Renters
41.4%
41.4%
Vacant
10.0%
10.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.3%
8.3%
1970 - 1999
25.4%
25.4%
1940 - 1969
30.7%
30.7%
1939 or Older
35.7%
35.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.1%
65.1%
Townhomes
5.2%
5.2%
Small Apt. Buildings
9.9%
9.9%
Apt. Complexes
16.5%
16.5%
Mobile Homes
3.3%
3.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
11.6%
11.6%
2 Bedrooms
31.7%
31.7%
3 Bedrooms
42.2%
42.2%
4 Bedrooms
10.1%
10.1%
5 or more bedrooms
1.8%
1.8%
0.0% 100.0%
% OF HOMES