The housing market in Lafayette, TN is thriving! The median value for homes in Lafayette is $214,200, which is significantly lower than the US median of $338,100. Additionally, the 1 year appreciation rate for homes in Lafayette is much higher than the national appreciation rate of 8.27%, coming in at 15.74%. This indicates that the housing market in Lafayette is robust and growing despite its lower median value; those looking to purchase a home here can expect to see their investments increase quickly in value.
The median home cost in Lafayette is $214,200. Home appreciation the last 10 years has been 142.5%. Home Appreciation in Lafayette is up 25.0%.
Average Age of Homes
- The median age of Lafayette real estate is 37 years old
The Rental Market in Lafayette
- Renters make up 41.9% of the Lafayette population
- 0.0% 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.