La Salle, MI—48145
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — La Salle, MI
As of Oct '25, the median home price in La Salle, MI is $263,000, with a year-over-year change of 6.6%. This indicates that home prices in La Salle, MI are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $263,000 | 6.6% |
| Single Family | $263,000 | 6.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $192,000 | 8.5% |
3 Bed | $258,000 | 5.7% |
4 Bed | $338,000 | 6.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — La Salle, MI
As of July '25, Rentcast reports the average rent in La Salle, MI is $650, with a year-over-year rent change of -47.6%. Per bedroom, the median rent as of July '25 in La Salle, MI is 1-bedrooms: $650. The most common rental property sizes in La Salle, MI are 3-bedroom and 2-bedroom, accounting for 56.1% and 27.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — La Salle, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in La Salle, MI is 22. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $270,000 | -1.0% |
Listing Count | 10 | -15.0% |
| Listings as % of Homes | 0.5% | -15.0% |
Days on Market | 22 | -7.0% |
Demographics — La Salle, MI
As of the latest ACS Survey released in 2023, La Salle, MI has a population of 2,920, which has decreased by -15.9% over the past 5 years. La Salle, MI is a moderately popular place for families, as children make up 20.0% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,920 | -15.9% |
% Under 18 | 20.0% | -7.4% |
% Seniors | 21.9% | 11.2% |
% WFH | 4.5% | -28.6% |
% w/ College Degree | 22.7% | 29.0% |
As of the latest ACS Survey released in 2023, La Salle, MI is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in La Salle, MI is hispanic, making up 2.5% of the population. Foreign-born residents account for 1.4% of the population in La Salle, MI, and this percentage has increased by 40.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.5% | -1.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.5% | -52.8% |
% Asian | 0.3% | 200.0% |
% Foreign Born | 1.4% | 40.0% |
Mortgage and Risk — La Salle, MI
According to HUD data as of 2023, there were 118 mortgage originations in La Salle, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in La Salle, MI. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 118 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — La Salle, MI
La Salle, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $410 | $650 | $1,060 |
| 2 Bedroom | N/A | N/A | $1,390 |
| 3 Bedroom | N/A | N/A | $1,730 |
| 4 Bedroom | N/A | N/A | $2,210 |
Affordability — La Salle, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $263,000 |
| Median Household Income | $80,400 |