Lafayette, IN is a great place to buy a house. With a median value of $144,800, the cost of housing in this area is well below the US House Median Value of $338,100. In addition, the most recent 1 year House Appreciation rate for Lafayette was 10.75%, which is significantly higher than the national average of 8.27%. This means that those who purchase a home in Lafayette are likely to see a good return on their investments in terms of appreciation in value. Therefore, Lafayette is an excellent choice for those looking for affordable housing with potential to appreciate over time.
The median home cost in Lafayette (zip 47904) is $144,800. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Lafayette (zip 47904) is up 14.6%.
Average Age of Homes
- The median age of Lafayette (zip 47904) real estate is 67 years old
The Rental Market in Lafayette (zip 47904)
- Renters make up 50.2% of the Lafayette (zip 47904) population
- 1.4% of houses and apartments in Lafayette (zip 47904), 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.