What is the median home price in Lafayette?

The median home price in Lafayette, Lafayette city, Indiana is $145,200, which is 48% below the national average of 281,900 ($281,900).

Lafayette, Lafayette city, Indiana has a violent crime rate of 0.0 per 1,000 residents, which is 100% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 0.0 per 1,000 residents.

What is the Walk Score for Lafayette?

Lafayette, Lafayette city, Indiana has a Walk Score of 47 out of 100, classified as "Car-Dependent." The national average Walk Score is 48/100. The transit score is 0/100. The bike score is 53/100.

What is the median household income in Lafayette?

The median household income in Lafayette, Lafayette city, Indiana is $50,674, which is 32% below the national average of 74,580 ($74,580).

What is the average rent in Lafayette?

The median rent in Lafayette, Lafayette city, Indiana is $1,013 per month. The national average median rent is $1,163/month.

What is the air quality in Lafayette?

Lafayette, Lafayette city, Indiana has an Air Quality Index (AQI) of 24, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Lafayette?

The population of Lafayette, Lafayette city, Indiana is approximately 70,828. The homeownership rate is 35.0% (national average: 65.9%).

What are the climate risks in Lafayette?

Lafayette, Lafayette city, Indiana has an overall climate risk rating of "Relatively High" with a risk score of 84.70. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Is Lafayette affordable?

Lafayette, Lafayette city, Indiana has an affordability index of 159, which is above the national baseline of 100, indicating relatively affordable housing. The electricity rate is 9.1¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in Lafayette?

The unemployment rate in Lafayette, Lafayette city, Indiana is 4.4%. The national average unemployment rate is 3.7%. The poverty rate is 16.5% (national average: 12.4%).

Lafayette

Lafayette city, Indiana

Affordable

About Lafayette

Lafayette, Indiana, is a hidden gem for those seeking affordability without sacrificing quality of life. Imagine a place where a home costs less than half the national median, with a median home value of just $145,200. This translates into a remarkably accessible housing market, allowing you to stretch your dollar further. Despite its affordability, Lafayette offers a vibrant community, with a population of over 70,000 residents and a welcoming Midwestern atmosphere. The city’s charm lies in its blend of small-town friendliness and the amenities of a larger metropolitan area, making it an ideal place to raise a family or start a new chapter.

From an investment standpoint, Lafayette presents a compelling case. While the median household income of $50,674 is below the national average, the significantly lower cost of living provides a comfortable lifestyle. The housing market is stable, with a strong demand for affordable properties. Lafayette is particularly well-suited for first-time homebuyers, young professionals, and those seeking a more relaxed pace of life. It’s a place where you can find a solid return on investment while enjoying the peace of mind that comes with a secure and friendly community.

Lafayette, Indiana at a Glance

Lafayette is a city in Lafayette city, Indiana with a population of approximately 70,828. The median home value is $145,200 and the median household income is $50,674. It has a Walk Score of 47 out of 100, indicating car dependency. The violent crime rate is 0.0 per 1,000 residents, which is 100% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively High." Median rent is $1,013 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.