Lafayette, TN Real Estate
According to census data in the year 2000 there were 1,749 housing units in Lafayette.
This represents a 3.2% growth from 1,695 in 1990.
Of those housing units, 1,606 were located in either urbanized areas or urban clusters, and 143 were located in what is classified as a rural area.
Homeownership rate in Lafayette is about 68.6%.
Lafayette's vacancy rate, including seasonal lodging, is about 4.1%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Lafayette were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 11% |
| Two Bedrooms | 31.20% |
| Three Bedrooms | 46.40% |
| Four Bedrooms | 8.10% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $69,400 |
| Median Price asked for vacant units | $56,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $296 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.50% |
| Home Equity Loan | 2.30% |
| Simple Mortgage | 33.90% |
| Debt Free | 59.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.4% |
