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 4,368 people, 1,233 houses or apartments, and a median cost of homes of $744,317, La Center house prices are not only among the most expensive in Washington, La Center real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in La Center, accounting for 81.63% of the city's housing units. Other types of housing that are prevalent in La Center include duplexes, homes converted to apartments or other small apartment buildings ( 7.32%), mobile homes or trailers ( 7.18%), and a few row houses and other attached homes ( 3.87%).
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 Center. Owner-occupied housing accounts for 83.37% of La Center's homes, and 73.62% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in La Center 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 Center built between 2000 and later ( 38.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.49%). There's also some housing in La Center built before 1939 ( 6.91%).
Vacant housing appears to be an issue in La Center. Fully 14.85% of the housing stock is classified as vacant. Left unchecked, vacant La Center homes and apartments can be a drag on the real estate market, holding La Center 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 Center has experienced some of the highest home appreciation rates of any community in the nation. La Center real estate appreciated 128.49% over the last ten years, which is an average annual home appreciation rate of 8.61%, putting La Center in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, La Center definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, La Center appreciation rates have trailed the rest of the nation. In the last twelve months, La Center's appreciation rate has been 3.97%, 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 Center were at 2.13%, which equates to an annual appreciation rate of 8.81%.
Relative to Washington, our data show that La Center's latest annual appreciation rate is higher than 60% of the other cities and towns in Washington.
$744,317
for Washington
for nation
1,233
$2,496 / per month