Zip 47905 (Lafayette, IN) Housing


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The housing market in 47905 Lafayette, IN is performing well, with a median value of $237,900. This is substantially lower than the national median of $338,100. However, the one-year appreciation rate in Lafayette is 10.75%, which is higher than the national average of 8.27%. Thus, the housing market in 47905 Lafayette is appreciating faster than the normal rate and has promising potential for buyers and sellers alike.

The median home cost in Lafayette (zip 47905) is $237,900. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Lafayette (zip 47905) is up 14.6%.

Average Age of Homes
- The median age of Lafayette (zip 47905) real estate is 39 years old
The Rental Market in Lafayette (zip 47905)
- Renters make up 34.9% of the Lafayette (zip 47905) population
- 2.3% of houses and apartments in Lafayette (zip 47905), 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, IndianaUnited States
  18,362.0139,647,020.0
  4342
  $237,900$338,100
  14.6%16.6%
  58.9%57.0%
  84.4%101.1%
  $6.63$10.98
  $1,128$2,690
  58.0%57.4%
  5.3%11.2%
  36.7%31.4%
  Vacant Housing
  2.3%1.9%
  0.4%0.4%
  0.5%0.7%
  0.2%0.4%
  0.3%3.6%
  1.5%4.1%
  Value of Owner-Occupied Housing
  1.0%2.6%
  1.7%2.4%
  2.1%2.8%
  6.0%3.9%
  6.3%4.5%
  21.8%11.3%
  23.1%13.0%
  22.3%20.1%
  7.8%13.6%
  4.3%8.3%
  2.9%9.7%
  0.4%3.9%
  0.5%2.2%
  0.0%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  12.5%13.6%
  12.5%13.6%
  17.6%13.6%
  10.0%13.2%
  14.5%14.8%
  17.6%13.6%
  7.1%10.0%
  6.8%4.7%
  10.2%12.2%
Commute