Lafayette, TN—37083
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lafayette, TN
As of Nov '25, the median home price in Lafayette, TN is $262,000, with a year-over-year change of 2.6%. This indicates that home prices in Lafayette, TN are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $262,000 | 2.6% |
| Single Family | $262,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $189,000 | -0.5% |
3 Bed | $282,000 | 1.8% |
4 Bed | $332,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lafayette, TN
As of July '25, Rentcast reports the average rent in Lafayette, TN is $1,550, with a year-over-year rent change of 31.4%. Per bedroom, the median rent as of July '25 in Lafayette, TN is 2-bedrooms: $866, 3-bedrooms: $1,820. The most common rental property sizes in Lafayette, TN are 2-bedroom and 3-bedroom, accounting for 46.3% and 29.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $781 | $866 |
| 3 Bed Rent | $1,800 | $1,820 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lafayette, TN
As of Nov '25, Realtor.com reports that the median days on market for a home in Lafayette, TN is 74. This is a increase of 4.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | 5.0% |
Listing Count | 98 | -15.0% |
| Listings as % of Homes | 1.4% | -15.0% |
Days on Market | 74 | 4.0% |
Demographics — Lafayette, TN
As of the latest ACS Survey released in 2023, Lafayette, TN has a population of 16,900, which has increased by 11.6% over the past 5 years. Lafayette, TN is a moderately popular place for families, as children make up 24.6% of the population. The area has a poorly educated workforce, with 13.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,900 | 11.6% |
% Under 18 | 24.6% | -7.9% |
% Seniors | 16.2% | 9.5% |
% WFH | 4.7% | 88.0% |
% w/ College Degree | 13.6% | 43.2% |
As of the latest ACS Survey released in 2023, Lafayette, TN is a predominantly white area, with 87.9% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Lafayette, TN is hispanic, making up 9.4% of the population. Foreign-born residents account for 3.3% of the population in Lafayette, TN, and this percentage has increased by 73.7% 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 | 87.9% | -5.6% |
% Black | 0.7% | 133.3% |
% Hispanic | 9.4% | 118.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 3.3% | 73.7% |
Mortgage and Risk — Lafayette, TN
According to HUD data as of 2023, there were 377 mortgage originations in Lafayette, TN, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Lafayette, TN. Investor activity is low, as 6.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 377 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Lafayette, TN
Lafayette, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 150 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | $309 | $781 | $1,090 |
| 3 Bedroom | -$430 | $1,800 | $1,370 |
| 4 Bedroom | N/A | N/A | $1,670 |
Affordability — Lafayette, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $262,000 |
| Median Household Income | $60,200 |