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 10,676 people, 3,626 houses or apartments, and a median cost of homes of $404,272, La Plata real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in La Plata, accounting for 49.50% of the town's housing units. Other types of housing that are prevalent in La Plata include row houses and other attached homes ( 33.23%), large apartment complexes or high rise apartments ( 16.47%).
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 Plata. Owner-occupied housing accounts for 73.08% of La Plata's homes, and 65.53% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in La Plata 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 Plata built between 2000 and later ( 42.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.10%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in La Plata, where house values have increased just 49.62%, which is annualized rate of 4.11%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, La Plata appreciation rates have trailed the rest of the nation. In the last twelve months, La Plata's appreciation rate has been 3.00%, 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 Plata were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes La Plata 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 Maryland, our data show that La Plata's latest annual appreciation rate is lower than 70% of the other cities and towns in Maryland.
$404,272
for Maryland
for nation
3,626
$2,056 / per month