The housing market in Lafayette, CO is booming. The median value of a house in Lafayette is $690,200 which is significantly higher than the US median house value of $338,100. This indicates that homes in the area are in high demand and selling at a premium. In the last year alone, home values have risen by an impressive 7.26% while the national rate was 8.27%. Clearly, Lafayette is an attractive market for buyers who are keen to invest in real estate.
The median home cost in Lafayette is $690,200. Home appreciation the last 10 years has been 173.7%. Home Appreciation in Lafayette is up 14.0%.
Average Age of Homes
- The median age of Lafayette real estate is 28 years old
The Rental Market in Lafayette
- Renters make up 27.2% of the Lafayette population
- 1.6% 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.