The housing market in La Plata, MO is an attractive option for buyers due to its affordability relative to the US median home value. The median value of homes in La Plata is $94,400 which is significantly lower than the national average of $338,100. Furthermore, buyers may see greater returns on their investments as housing appreciation in La Plata has been higher than the national average over the past year, with an increase of 13.45% compared to 8.27%. Therefore, purchasing a home in La Plata can be a great investment for those looking for an affordable luxury property.
The median home cost in La Plata is $94,400. Home appreciation the last 10 years has been 73.2%. Home Appreciation in La Plata is up 17.1%.
Average Age of Homes
- The median age of La Plata real estate is 49 years old
The Rental Market in La Plata
- Renters make up 26.5% of the La Plata population
- 4.9% of houses and apartments in La Plata, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.