The housing market in Lafayette, IN is performing well and is currently at a median value of $198,500. This is significantly lower than the US House Median Value of $338,100. Despite this difference in median prices, the 1 year house appreciation rate for Lafayette, IN is 10.75%, which is higher than the US average of 8.27%. This shows that Lafayette's housing market has been growing rapidly over the past year and indicates strong potential for future growth as well.
The median home cost in Lafayette is $198,500. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Lafayette is up 14.6%.
Average Age of Homes
- The median age of Lafayette real estate is 46 years old
The Rental Market in Lafayette
- Renters make up 47.1% of the Lafayette population
- 2.4% of houses and apartments in Lafayette, 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.