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.