Lafayette-West Lafayette Metro Area, IN Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lafayette-West Lafayette, Indiana	United States
	93,953.0	139,647,020.0
	41	42
	$227,900	$338,100
	14.2%	16.6%
	58.3%	57.0%
	83.3%	101.1%
	$6.86	$10.98
	$1,063	$2,690
	53.8%	57.4%
	8.1%	11.2%
	38.1%	31.4%
Vacant Housing
	2.0%	1.9%
	0.9%	0.4%
	0.7%	0.7%
	0.3%	0.4%
	1.3%	3.6%
	2.9%	4.1%
Value of Owner-Occupied Housing
	2.6%	2.6%
	1.8%	2.4%
	3.4%	2.8%
	7.0%	3.9%
	9.3%	4.5%
	21.5%	11.3%
	18.6%	13.0%
	20.5%	20.1%
	8.3%	13.6%
	3.9%	8.3%
	2.6%	9.7%
	0.4%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	14.5%	13.6%
	14.5%	13.6%
	15.3%	13.6%
	10.2%	13.2%
	10.9%	14.8%
	15.3%	13.6%
	8.4%	10.0%
	4.6%	4.7%
	15.0%	12.2%

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