The housing market in the Lafayette-West Lafayette, IN Metro Area is thriving. The median value of a home in the area is $227,900, which is significantly lower than the US median house value of $338,100. Over the past year, the house appreciation rate has been 13.73%, while the national rate is 8.27%. This suggests that investing in property in this area is a sound decision as prices are increasing at a faster rate than other markets across the nation.
The median home cost in Lafayette-West Lafayette Metro Area is $227,900. Home appreciation the last 10 years has been 83.3%. Home Appreciation in Lafayette-West Lafayette Metro Area is up 14.2%.
Average Age of Homes
- The median age of Lafayette-West Lafayette Metro Area real estate is 40 years old
The Rental Market in Lafayette-West Lafayette Metro Area
- Renters make up 39.1% of the Lafayette-West Lafayette Metro Area population
- 2.0% of houses and apartments in Lafayette-West Lafayette Metro Area, 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.