Lafayette, MI Housing


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The housing market in Lafayette, MI is strong. The median value of a house is $134,100, which is significantly lower than the US median value of $338,100. This makes Lafayette an attractive destination for potential home buyers. In the last year, house appreciation in Lafayette has increased by 9.75%, which is higher than the US average of 8.27%. This higher rate of appreciation shows that housing in Lafayette is becoming increasingly desirable and valuable over time.

The median home cost in Lafayette is $134,100. Home appreciation the last 10 years has been 78.5%. Home Appreciation in Lafayette is up 15.3%.

Average Age of Homes
- The median age of Lafayette real estate is 64 years old
The Rental Market in Lafayette
- Renters make up 7.7% 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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingLafayette, MichiganUnited States
  251.0139,647,020.0
  7342
  $134,100$338,100
  15.3%16.6%
  56.7%57.0%
  78.5%101.1%
  $14.10$10.98
  $1,413$2,690
  85.7%57.4%
  10.0%11.2%
  4.4%31.4%
  Vacant Housing
  0.0%1.9%
  0.0%0.4%
  0.0%0.7%
  0.0%0.4%
  2.8%3.6%
  7.2%4.1%
  Value of Owner-Occupied Housing
  5.1%2.6%
  6.0%2.4%
  9.3%2.8%
  3.3%3.9%
  23.7%4.5%
  17.7%11.3%
  19.5%13.0%
  9.3%20.1%
  4.2%13.6%
  0.0%8.3%
  0.0%9.7%
  1.9%3.9%
  0.0%2.2%
  0.0%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  4.8%13.6%
  4.8%13.6%
  7.2%13.6%
  6.4%13.2%
  16.3%14.8%
  7.2%13.6%
  11.6%10.0%
  5.2%4.7%
  45.8%12.2%
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