According to statistics, the population in West Lafayette, IN amounts to 45,110, which shows growth 1% compared to the previous year. The median age of the city’s residents is 22. The average household income is $31,230, shifting growth 8% from the past year, and the average property value in West Lafayette, IN decline 0% to $192,600 throughout the year.
|Number Of Employees||19,284|
|Median Property Value||$192,600|
The average household income in West Lafayette, IN grew from $28,793 to $31,230 in the past year. This data is an estimate based upon 13,252 households in West Lafayette, IN . The chart below presents how household income is distributed in West Lafayette, IN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in West Lafayette, IN shifted from $192,100 to $192,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in West 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 West Lafayette, IN properties falls in the '$200,000 to $249,999' 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 West Lafayette, IN compared to median property taxes around the country. The prevalent amount of property taxes in West Lafayette, IN equals $2500, which is less than the national average.
|Apartment Size||Dec||vs Last Month|
|2 bed for sale||$151,233||-52.3%|
|3 bed for sale||$222,190||-17.6%|
|4+ bed for sale||$312,608||-11.7%|
During Dec 2021, the average price for an apartment in/near West Lafayette, IN decreased by 21.4% to $246,416.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $151,233. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $222,190. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $312,608 for a big-family home.
|Listing Type||Dec||vs Last Month|
|Lofts for sale||$358,266||-10.1%|
|Houses for sale||$268,416||-13.4%|
|Condos for sale||$135,725||-22.4%|
|Duplexes for sale||$349,900||N/A|
According to statistics, average house is still $268,416 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $135,725. An average value of duplex is $349,900, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $358,266.
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