Zip 47906 (West Lafayette, IN) Housing

In 47906 West Lafayette, IN, the housing median value is $299,000, which is significantly lower than the US house median value of $338,100. Despite this difference in value, the 1 year appreciation of houses in West Lafayette is 10.75%, which is higher than the US average of 8.27%. This indicates that despite being slightly lower in terms of value than other locations across the US, West Lafayette is still a strong market for real estate investments with high returns on investment.

The median home cost in West Lafayette (zip 47906) is $299,000. Home appreciation the last 10 years has been 84.4%. Home Appreciation in West Lafayette (zip 47906) is up 14.6%.

Average Age of Homes

- The median age of West Lafayette (zip 47906) real estate is 29 years old

The Rental Market in West Lafayette (zip 47906)

- Renters make up 54.6% of the West Lafayette (zip 47906) population
- 2.9% of houses and apartments in West Lafayette (zip 47906), 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	West Lafayette, Indiana	United States
	27,439.0	139,647,020.0
	27	42
	$299,000	$338,100
	14.6%	16.6%
	58.9%	57.0%
	84.4%	101.1%
	$7.78	$10.98
	$1,769	$2,690
	42.0%	57.4%
	8.4%	11.2%
	49.7%	31.4%
Vacant Housing
	2.9%	1.9%
	2.3%	0.4%
	0.1%	0.7%
	0.0%	0.4%
	0.6%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	5.3%	2.6%
	2.7%	2.4%
	0.4%	2.8%
	0.6%	3.9%
	2.1%	4.5%
	13.2%	11.3%
	17.2%	13.0%
	30.2%	20.1%
	12.5%	13.6%
	9.1%	8.3%
	5.6%	9.7%
	0.8%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	22.0%	13.6%
	22.0%	13.6%
	17.8%	13.6%
	12.5%	13.2%
	9.3%	14.8%
	17.8%	13.6%
	4.8%	10.0%
	1.5%	4.7%
	5.9%	12.2%

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