La Porte City, Iowa Real Estate & Housing Market

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La Porte City Housing Information

Index	La Porte City	Iowa	National
Median home price	$116,400	$132,800	$184,700
Median rent asked	$748	$715	$949
Avg. people per household	2.5	2.4	2.6
Owner occupied households	77.4%	71.1%	63.6%
Renter occupied households	22.6%	28.9%	36.4%

A general summary of the real estate market in La Porte City, IA is listed above. Properties in La Porte City, IA average a cost of $116,400, which is 12% lower than the median home price for real estate located in Iowa. This means that the region of La Porte City, IA is, on average, more affordable when compared to the remainder of Iowa. Since tenants living in La Porte City, IA will pay an average of $748, the median rental cost is 5% higher than in Iowa. 77.4% of people in La Porte City, IA own their own homes, and an average of 2.5 people inhabit each property. La Porte City, IA has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

La Porte City Home Affordability

When starting your search for real estate in La Porte City, IA, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in La Porte City, IA costs $116,400 while each household has an average income of $51,047. Consequently, the ratio of home price to household income is 2.3x; this ratio is 6% lower than the average in Iowa. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in La Porte City, IA. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in La Porte City, IA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Garrison, IA	352	$56,700	69%
Mount Auburn, IA	120	$63,300	66%
Brandon, IA	330	$66,200	64%
Washburn, IA	888	$92,300	50%
Evansdale, IA	4,794	$105,200	43%
La Porte City, IA	2,403	$116,400	37%

Cities with similar population

City, State	Population	Home Price	National Avg.
New Town, ND	2,403	$107,300	42%
Valley View, PA	2,403	$150,800	18%
Pottsboro, TX	2,404	$149,200	19%
Coopersburg, PA	2,402	$203,700	10%
Le Center, MN	2,404	$118,600	36%
La Porte City, IA	2,403	$116,400	37%

Source: The La Porte City, IA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).