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 10,295 people, 3,684 houses or apartments, and a median cost of homes of $390,712, La Grange real estate is some of the most expensive in Kentucky, 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 68.08% of the city's housing units. Other types of housing that are prevalent in La Grange include large apartment complexes or high rise apartments ( 14.50%), row houses and other attached homes ( 8.43%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.82%).
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 Grange. Owner-occupied housing accounts for 66.86% of La Grange's homes, and 67.27% have either three or four bedrooms, which is average sized relative to America.
La Grange homes and real estate are some of the newest in America. 46.00% of La Grange's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the La Grange real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 38.92%), and between 1940-1969 ( 8.59%). There's also some housing in La Grange built before 1939 ( 6.50%).
Real estate appreciation rates in La Grange's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.49% during the period.
Appreciation rates are so strong in La Grange that despite a nationwide downturn in the housing market, La Grange real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, La Grange appreciation rates continue to be some of the highest in America, at 12.26%, which is higher than appreciation rates in 74.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in La Grange. La Grange appreciation rates in the latest quarter were at 3.78%, which equates to an annual appreciation rate of 15.99%.
Relative to Kentucky, our data show that La Grange's latest annual appreciation rate is higher than 80% of the other cities and towns in Kentucky.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within La Grange differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in La Grange - 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 Grange real estate investment or home purchase decisions.
$390,712
for Kentucky
for nation
3,684
$1,662 / per month