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Lafayette, IN Real Estate


According to census data in the year 2000 there were 25,541 housing units in Lafayette. This represents a 32.6% growth from 19,259 in 1990.

Of those housing units, 25,361 were located in either urbanized areas or urban clusters, and 180 were located in what is classified as a rural area.

Homeownership rate in Lafayette is about 52.6%. Lafayette's vacancy rate, including seasonal lodging, is about 5.9%. Average household size is 2.31 people.

The majority of houses, apartments or condos in Lafayette were built after 1963.

Statistics

Housing Size

Housing Units by Size
Studio Type2.80%
One Bedroom18.50%
Two Bedrooms29.80%
Three Bedrooms37.30%
Four Bedrooms10.30%
Five Bedrooms or more1.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1960
Median Value of occupied units$89,700
Median Price asked for vacant units$125,000

Rented Homes, Apartments and Condos

Average Household Size2.02
Median year structure was built1970
Median Monthly Rent asked for vacant units$518

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage8.20%
Home Equity Loan10.90%
Simple Mortgage51.50%
Debt Free29.20%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs17%