In 47906 West Lafayette, IN, the housing median value is $299,000, which is significantly lower than the US house median value of $338,100. Despite this difference in value, the 1 year appreciation of houses in West Lafayette is 10.75%, which is higher than the US average of 8.27%. This indicates that despite being slightly lower in terms of value than other locations across the US, West Lafayette is still a strong market for real estate investments with high returns on investment.
The median home cost in West Lafayette (zip 47906) is $299,000. Home appreciation the last 10 years has been 84.4%. Home Appreciation in West Lafayette (zip 47906) is up 14.6%.
Average Age of Homes
- The median age of West Lafayette (zip 47906) real estate is 29 years old
The Rental Market in West Lafayette (zip 47906)
- Renters make up 54.6% of the West Lafayette (zip 47906) population
- 2.9% of houses and apartments in West Lafayette (zip 47906), 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.