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Lafayette, IN—47904

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$189,000
3.2% YoY Growth
Household Income
$46,800
24.9% YoY Growth
Days on Market
37
30.0% Longer YoY
Home Price Forecast
3.0%
Median Rent
$1,200
15.1% YoY Growth
1-Bed Rent
$899
15.0% YoY Growth
2-Bed Rent
$1,230
22.0% YoY Growth
3-Bed Rent
$1,350
2.2% YoY Growth

Other Zip Codes in Lafayette, IN

479054790147909
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lafayette, IN

As of May '26, the median home price in Lafayette, IN is $189,000, with a year-over-year change of 3.2%. This indicates that home prices in Lafayette, IN 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 TypeMedian Home ValueYoY % Change
All Homes
$189,0003.2%
Single Family $189,0003.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $128,000
    8.5%
    2 Bed
    		$169,0004.3%
    3 Bed
    		$202,0003.6%
    4 Bed
    		$243,0002.5%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    4.1%
    1 Bedroom
    18.9%
    2 Bedrooms
    32.0%
    3 Bedrooms
    37.7%
    4 Bedrooms
    6.8%
    5+ Bedrooms
    0.5%

    Rental Trends — Lafayette, IN

    As of July '25, Rentcast reports the average rent in Lafayette, IN is $1,220, with a year-over-year rent change of 15.1%. Per bedroom, the median rent as of July '25 in Lafayette, IN is studios: $905, 1-bedrooms: $957, 2-bedrooms: $1,220, 3-bedrooms: $1,410, 4-bedrooms: $1,700. The most common rental property sizes in Lafayette, IN are 2-bedroom and 3-bedroom, accounting for 33.1% and 29.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,200$1,220
    Studio Rent $715$905
    1 Bed Rent $899$957
    2 Bed Rent $1,230$1,220
    3 Bed Rent $1,350$1,410
    4 Bed Rent $1,550$1,700
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    % of Rental Stock

    Studio
    7.1%
    1 Bedroom
    27.6%
    2 Bedrooms
    33.1%
    3 Bedrooms
    29.1%
    4 Bedrooms
    3.1%

    Property Listings — Lafayette, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Lafayette, IN is 37. This is a increase of 30.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$215,0009.0%
    Listing Count
    		5039.0%
    Listings as % of Homes0.2%39.0%
    Days on Market
    		3730.0%
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    Demographics — Lafayette, IN

    As of the latest ACS Survey released in 2023, Lafayette, IN has a population of 16,300, which has decreased by -5.1% over the past 5 years. Lafayette, IN is a moderately popular place for families, as children make up 21.2% of the population. The area has a poorly educated workforce, with 18.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		16,300-5.1%
    % Under 18
    		21.2%-0.9%
    % Seniors
    		13.9%31.1%
    % WFH
    		6.7%168.0%
    % w/ College Degree
    		18.9%-13.3%
    Loading chart...

    As of the latest ACS Survey released in 2023, Lafayette, IN is a predominantly white area, with 72.8% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Lafayette, IN is hispanic, making up 15.8% of the population. Foreign-born residents account for 9.1% of the population in Lafayette, IN, and this percentage has increased by 8.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		72.8%-2.9%
    % Black
    		4.5%-50.5%
    % Hispanic
    		15.8%33.9%
    % Asian
    		1.5%-21.1%
    % Foreign Born
    		9.1%8.3%
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    Mortgage and Risk — Lafayette, IN

    According to HUD data as of 2023, there were 295 mortgage originations in Lafayette, IN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Lafayette, IN. Investor activity is low, as 7.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		295
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		7.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Lafayette, IN

    As of 2024, the percent of homes in Lafayette, IN under the Section 8 program is 7.4%. 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 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 and 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		324
    Total Units Section 8
    		324
    % Rentals under Section 8
    		7.4%
    % Occupied Section 8
    		86.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$11$899$910
    2 Bedroom-$140$1,230$1,090
    3 Bedroom-$40$1,350$1,310
    4 Bedroom$90$1,550$1,640

    Affordability — Lafayette, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$189,000
    Median Household Income$46,800

    Lafayette, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Lafayette, IN

    47901

    Lafayette, IN

    47905

    Lafayette, IN

    47909

    West Lafayette, IN

    47906

    Dayton

    47941

    Frequently Asked Questions