Lafayette, IN—47901
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lafayette, IN
As of Oct '25, the median home price in Lafayette, IN is $249,000, with a year-over-year change of -1.0%. This indicates that home prices in Lafayette, IN are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $249,000 | -1.0% |
| Single Family | $230,000 | -1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $284,000 | 2.2% |
3 Bed | $249,000 | -2.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lafayette, IN
As of July '25, Rentcast reports the average rent in Lafayette, IN is $1,180, with a year-over-year rent change of 15.7%. Per bedroom, the median rent as of July '25 in Lafayette, IN is studios: $875, 1-bedrooms: $1,030, 2-bedrooms: $1,340, 3-bedrooms: $1,440, 4-bedrooms: $1,240. The most common rental property sizes in Lafayette, IN are 1-bedroom and 2-bedroom, accounting for 51.0% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,180 |
| Studio Rent | $825 | $875 |
| 1 Bed Rent | $915 | $1,030 |
| 2 Bed Rent | $1,300 | $1,340 |
| 3 Bed Rent | $1,300 | $1,440 |
| 4 Bed Rent | $595 | $1,240 |
% of Rental Stock
Property Listings — Lafayette, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Lafayette, IN is 50. This is a increase of 183.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $380,000 | 30.0% |
Listing Count | 6 | -28.0% |
| Listings as % of Homes | 0.2% | -28.0% |
Days on Market | 50 | 183.0% |
Demographics — Lafayette, IN
As of the latest ACS Survey released in 2023, Lafayette, IN has a population of 4,340, which has increased by 17.3% over the past 5 years. Lafayette, IN is a less popular place for families, as children make up 12.1% of the population. The area has a highly educated workforce, with 57.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,340 | 17.3% |
% Under 18 | 12.1% | 21.0% |
% Seniors | 5.4% | -8.5% |
% WFH | 17.9% | 459.4% |
% w/ College Degree | 57.0% | 50.8% |
As of the latest ACS Survey released in 2023, Lafayette, IN is a predominantly white area, with 73.0% of the population identifying as white. The white population has shrunk by 14.6% in the last 5 years. The second most common race or ethnicity in Lafayette, IN is black, making up 14.8% of the population. Foreign-born residents account for 14.7% of the population in Lafayette, IN, and this percentage has increased by 83.7% 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 | 73.0% | -14.6% |
% Black | 14.8% | 377.4% |
% Hispanic | 3.5% | -54.5% |
% Asian | 6.1% | 154.2% |
% Foreign Born | 14.7% | 83.7% |
Mortgage and Risk — Lafayette, IN
Lafayette, IN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Lafayette, IN
As of 2024, the percent of homes in Lafayette, IN under the Section 8 program is 8.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lafayette, IN, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 211 |
Total Units Section 8 | 211 |
% Rentals under Section 8 | 8.6% |
% Occupied Section 8 | 90.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $5 | $915 | $920 |
| 2 Bedroom | -$200 | $1,300 | $1,100 |
| 3 Bedroom | $30 | $1,300 | $1,330 |
| 4 Bedroom | $1,065 | $595 | $1,660 |
Affordability — Lafayette, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $249,000 |
| Median Household Income | $46,400 |