Housing in La Fayette, IL presents an affordable option for potential home owners compared to the US median house value. The median housing value in La Fayette is $77,800, which is considerably lower than the US median of $338,100. Despite this difference in values, both the US and La Fayette are experiencing positive growth with a respective 1 year appreciation rate of 8.27% and 7.76%. This makes La Fayette an attractive option for those seeking to purchase a home at a reasonable price and expect to make gains over time.
The median home cost in La Fayette is $77,800. Home appreciation the last 10 years has been 28.7%. Home Appreciation in La Fayette is up 8.9%.
Average Age of Homes
- The median age of La Fayette real estate is 74 years old
The Rental Market in La Fayette
- Renters make up 9.6% of the La Fayette population
- 0.0% of houses and apartments in La Fayette, 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.