Zip 56054 (Lafayette, MN) Housing

Housing in 56054 Lafayette, MN is currently worth $215,000. This is significantly lower than the US House Median Value of $338,100. However, while the US House Appreciation rate for the past year has been 8.27%, House Appreciation in Lafayette, MN has been 11.33%. Clearly, this area has seen an increase in housing value over the past year that exceeds national averages.

The median home cost in Lafayette (zip 56054) is $215,000. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Lafayette (zip 56054) is up 11.6%.

Average Age of Homes

- The median age of Lafayette (zip 56054) real estate is 63 years old

The Rental Market in Lafayette (zip 56054)

- Renters make up 15.4% of the Lafayette (zip 56054) population
- 3.0% of houses and apartments in Lafayette (zip 56054), 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, Minnesota	United States
	402.0	139,647,020.0
	65	42
	$215,000	$338,100
	11.6%	16.6%
	43.0%	57.0%
	70.2%	101.1%
	$11.67	$10.98
	$1,925	$2,690
	81.3%	57.4%
	10.2%	11.2%
	8.5%	31.4%
Vacant Housing
	3.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	1.0%	0.4%
	1.7%	3.6%
	4.5%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	0.9%	2.4%
	6.4%	2.8%
	8.0%	3.9%
	12.8%	4.5%
	18.7%	11.3%
	15.0%	13.0%
	17.4%	20.1%
	9.8%	13.6%
	5.8%	8.3%
	1.8%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.6%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.5%	13.6%
	9.5%	13.6%
	7.2%	13.6%
	4.7%	13.2%
	11.2%	14.8%
	7.2%	13.6%
	14.7%	10.0%
	7.2%	4.7%
	34.1%	12.2%

Reviews for Lafayette

See all (0)

Write a Review

Start Your Review of Lafayette

Commute

The premier source for comprehensive city data for over 30 years.