Lafayette, AL—36862
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lafayette, AL
As of Oct '25, the median home price in Lafayette, AL is $140,000, with a year-over-year change of 1.5%. This indicates that home prices in Lafayette, AL are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $140,000 | 1.5% |
| Single Family | $140,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lafayette, AL
Lafayette, AL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lafayette, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lafayette, AL is 45. This is a increase of 94.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 80.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | 6.0% |
Listing Count | 10 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 45 | 94.0% |
Demographics — Lafayette, AL
As of the latest ACS Survey released in 2023, Lafayette, AL has a population of 6,050, which has increased by 2.9% over the past 5 years. Lafayette, AL is a moderately popular place for families, as children make up 18.7% of the population. The area has a poorly educated workforce, with 14.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,050 | 2.9% |
% Under 18 | 18.7% | -2.1% |
% Seniors | 25.6% | 30.6% |
% WFH | 4.3% | 152.9% |
% w/ College Degree | 14.5% | 62.9% |
As of the latest ACS Survey released in 2023, Lafayette, AL is a predominantly white area, with 50.2% of the population identifying as white. The white population has grown by 14.4% in the last 5 years. The second most common race or ethnicity in Lafayette, AL is black, making up 47.4% of the population. Foreign-born residents account for 0.6% of the population in Lafayette, AL, and this percentage has decreased by 33.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 50.2% | 14.4% |
% Black | 47.4% | -6.5% |
% Hispanic | 1.9% | -40.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.6% | -33.3% |
Mortgage and Risk — Lafayette, AL
According to HUD data as of 2023, there were 39 mortgage originations in Lafayette, AL, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Lafayette, AL. Investor activity is low, as 3.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 39 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Lafayette, AL
Lafayette, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 119 |
Total Units Section 8 | 119 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — Lafayette, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $140,000 |
| Median Household Income | $39,500 |