Housing in Lafayette, MN is on an upward trend with a median value of $214,000, which is significantly lower than the US House median value of $338,100. In the past year alone, the appreciation rate has been 11.33%, higher than the US average of 8.27%, indicating that now may be a great time to invest in Lafayette housing market. Homeowners and buyers alike should consider taking advantage of this strong trending market before prices rise even higher.
The median home cost in Lafayette is $214,000. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Lafayette is up 11.6%.
Average Age of Homes
- The median age of Lafayette real estate is 61 years old
The Rental Market in Lafayette
- Renters make up 17.1% of the Lafayette population
- 5.2% 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.