Zip 07848 (Lafayette, NJ) Housing

The housing market in 07848 Lafayette, NJ is on an upswing. The median value of homes in Lafayette stands at $426,900, significantly higher than the US house median value of $338,100. In the last year, the appreciation rate for houses in Lafayette was 10.13%, much higher than the United States average of 8.27%. This indicates that the housing market in Lafayette is a great investment for potential buyers looking to get into the real estate market.

The median home cost in Lafayette (zip 07848) is $426,900. Home appreciation the last 10 years has been 56.2%. Home Appreciation in Lafayette (zip 07848) is up 14.2%.

Average Age of Homes

- The median age of Lafayette (zip 07848) real estate is 36 years old

The Rental Market in Lafayette (zip 07848)

- Renters make up 8.3% of the Lafayette (zip 07848) population
- 1.3% of houses and apartments in Lafayette (zip 07848), 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, New Jersey	United States
	1,779.0	139,647,020.0
	40	42
	$426,900	$338,100
	14.2%	16.6%
	45.7%	57.0%
	56.2%	101.1%
	$24.97	$10.98
	$9,076	$2,690
	81.6%	57.4%
	6.6%	11.2%
	11.9%	31.4%
Vacant Housing
	1.3%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.1%	3.6%
	4.1%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	2.5%	2.4%
	0.0%	2.8%
	1.0%	3.9%
	0.0%	4.5%
	5.6%	11.3%
	10.9%	13.0%
	18.3%	20.1%
	15.6%	13.6%
	27.8%	8.3%
	12.7%	9.7%
	2.5%	3.9%
	0.0%	2.2%
	0.3%	0.8%
	1.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.6%	13.6%
	10.6%	13.6%
	18.8%	13.6%
	23.3%	13.2%
	17.1%	14.8%
	18.8%	13.6%
	7.3%	10.0%
	2.4%	4.7%
	15.6%	12.2%

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