La Fayette, NY—13084
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — La Fayette, NY
As of Oct '25, the median home price in La Fayette, NY is $291,000, with a year-over-year change of 4.5%. This indicates that home prices in La Fayette, NY are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $291,000 | 4.5% |
| Single Family | $291,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $217,000 | 2.4% |
3 Bed | $284,000 | 4.4% |
4 Bed | $363,000 | 5.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — La Fayette, NY
As of July '25, Rentcast reports the average rent in La Fayette, NY is $1,130, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in La Fayette, NY is 1-bedrooms: $1,100, 2-bedrooms: $1,200. The most common rental property sizes in La Fayette, NY are 2-bedroom and 1-bedroom, accounting for 59.6% and 18.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $1,100 |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — La Fayette, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in La Fayette, NY is 56. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $385,000 | 68.0% |
Listing Count | 12 | -22.0% |
| Listings as % of Homes | 0.3% | -22.0% |
Days on Market | 56 | -25.0% |
Demographics — La Fayette, NY
As of the latest ACS Survey released in 2023, La Fayette, NY has a population of 3,760, which has remained stable by 0.8% over the past 5 years. La Fayette, NY is a moderately popular place for families, as children make up 19.7% of the population. The area has a moderately educated workforce, with 38.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,760 | 0.8% |
% Under 18 | 19.7% | -17.2% |
% Seniors | 23.4% | 17.0% |
% WFH | 7.9% | 12.9% |
% w/ College Degree | 38.8% | -1.0% |
As of the latest ACS Survey released in 2023, La Fayette, NY is a predominantly white area, with 84.5% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in La Fayette, NY is black, making up 2.8% of the population. Foreign-born residents account for 2.5% of the population in La Fayette, NY, and this percentage has increased by 31.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.5% | -7.7% |
% Black | 2.8% | -36.4% |
% Hispanic | 2.3% | 666.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.5% | 31.6% |
Mortgage and Risk — La Fayette, NY
According to HUD data as of 2023, there were 85 mortgage originations in La Fayette, NY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in La Fayette, NY. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 85 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — La Fayette, NY
La Fayette, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $135 | $995 | $1,130 |
| 2 Bedroom | $190 | $1,200 | $1,390 |
| 3 Bedroom | N/A | N/A | $1,700 |
| 4 Bedroom | N/A | N/A | $1,920 |
Affordability — La Fayette, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $291,000 |
| Median Household Income | $87,900 |