Median price for residential apartments in West Lafayette, IN as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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120 West Lafayette, IN, USA apartments for sale
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West Lafayette
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.
| Population | 45,110 |
| Median Age | 21.7 |
| Poverty Rate | 41% |
| Household Income | $31,230 |
| Number Of Employees | 19,284 |
| Median Property Value | $192,600 |
Household Income
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.
Property Value
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.
Rent vs. Own
Property Taxes
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.
Housing Trends
How much does an apartment cost in West Lafayette, IN, USA
Average apartment sale in West Lafayette: $365,457 (+0.2%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| 2-bed apartments | $302,614 | +5.3% |
| 3-bed apartments | $304,363 | +0.2% |
| 4+ bed apartments | $475,240 | +0.8% |
During Jan 2023, the average price for an apartment in/near West Lafayette, IN increased by 0.2% to $365,457.
Asking price for 2-bed apartment also increased by 5.3% and a place of this size will now cost you $302,614. A 3-bed apartment goes for $304,363, it increased by 0.2% lately. We discerned the rise of 4- and more bed apartment price. It increased by 0.8% and made it up to $475,240.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Lofts for sale | $394,667 | +0% |
| Houses for sale | $390,108 | +0.8% |
| Condos for sale | $110,536 | +35.8% |
Price reports demonstrate that house price increased by 0.8% this month making it up to $390,108. Condos are really in demand in this season. The median price for a condo increased by 35.8%, it’s now available for $110,536. The price statistics of lofts have not significantly changed, it now still goes for $394,667.
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