Lafayette, MN Real Estate
According to census data in the year 2000 there were 205 housing units in Lafayette.
This represents a 3.5% growth from 198 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 205 were located in what is classified as a rural area.
Homeownership rate in Lafayette is about 78.1%.
Lafayette's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 2.44 people.
The majority of houses, apartments or condos in Lafayette were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 9.80% |
| Two Bedrooms | 28.80% |
| Three Bedrooms | 45.40% |
| Four Bedrooms | 12.70% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $68,300 |
| Median Price asked for vacant units | $27,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.43 |
| Median year structure was built | 1982 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 17.60% |
| Home Equity Loan | 5.10% |
| Simple Mortgage | 44.10% |
| Debt Free | 33.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
