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Lafayette

Learn about the people, housing, costs and businesses in Lafayette, Indiana

Median Home$170,166
Median Rent$1,085/month
Population71,748
Leading IndustriesRetail · Public Administration23% retail
Home Value Growth⬆⬆⬆+23.6% over 2 years
Young Adults36% of residentstop 5% nationally
Renters52% of occupied units
NotableAmenity Score77/100 · highly walkable area
Lafayette
IN

Frequently Asked Questions

What are today's mortgage rates in Lafayette?

As of today, the 30-year fixed mortgage rate for Lafayette is approximately 6.990% (7.040% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lafayette?

The median home value in Lafayette is $170k. The median monthly rent is $1,085. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lafayette?

Home values in Lafayette have increased 23.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lafayette?

Based on a typical all-in ownership cost of $997/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lafayette is $57k/year.

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What industries drive the economy in Lafayette?

The largest employment sectors in Lafayette are public administration (28%) and retail (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.