The housing market in Lafayette, NJ is quite strong, with the median value of homes being $412,400. This is significantly higher than the US House Median Value of $338,100. The US 1 year House Appreciation rate is 8.27%, while in Lafayette it is even higher at 10.13%. This means that the housing market in Lafayette provides a great opportunity for buyers and sellers alike, as it provides an excellent return on investment. With its strong economy and desirable location, Lafayette is a great place to invest in real estate and take advantage of the rising values.
The median home cost in Lafayette is $412,400. Home appreciation the last 10 years has been 56.2%. Home Appreciation in Lafayette is up 14.2%.
Average Age of Homes
- The median age of Lafayette real estate is 41 years old
The Rental Market in Lafayette
- Renters make up 8.4% 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.