According to statistics, the population in Lafayette, IN amounts to 72,174, which shows growth 1% compared to the previous year. The median age of the city’s residents is 32. The average household income is $43,894, shifting growth 3% from the past year, and the average property value in Lafayette, IN growth 1% to $105,300 throughout the year.
|Number Of Employees||37,851|
|Median Property Value||$105,300|
The average household income in Lafayette, IN grew from $42,641 to $43,894 in the past year. This data is an estimate based upon 31,230 households in Lafayette, IN . The chart below presents how household income is distributed in Lafayette, IN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Lafayette, IN shifted from $103,900 to $105,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Lafayette, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Lafayette, IN properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Lafayette, IN compared to median property taxes around the country. The prevalent amount of property taxes in Lafayette, IN equals $800, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Lafayette, IN decreased by 14.1% to $222,801.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $69,950 with no changes this month. Asking price for 2-bed apartment also decreased by 9.1% and a place of this size will now cost you $185,082. A 3-bed apartment goes for $206,011, it decreased by 13.8% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 16.2% and made it down to $306,184.
Price reports demonstrate that house price decreased by 15.9% this month making it up to $213,792. Condos faced an upward trend these days. The median price for a condo decreased by 12%, it’s now available for $282,063. You can now purchase a duplex for just $209,978, duplex price decreased by 2.9% this month. The price dynamics of lofts changed, it increased by 243.5%, the price tag now starts at $995,000.