La Fayette, AL Real Estate

According to census data in the year 2000 there were 1,292 housing units in La Fayette. This represents a 4.5% growth from 1,236 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 1,292 were located in what is classified as a rural area.

Homeownership rate in La Fayette is about 69.4%. La Fayette's vacancy rate, including seasonal lodging, is about 9.5%. Average household size is 2.52 people.

The majority of houses, apartments or condos in La Fayette were built after 1964.


Housing Size

Housing Units by Size
Studio Type0.70%
One Bedroom9.90%
Two Bedrooms30.10%
Three Bedrooms45.20%
Four Bedrooms11.60%
Five Bedrooms or more2.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.34
Median year structure was built1963
Median Value of occupied units$51,600
Median Price asked for vacant units$24,600

Rented Homes, Apartments and Condos

Average Household Size2.94
Median year structure was built1965
Median Monthly Rent asked for vacant units$200

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.60%
Home Equity Loan6.40%
Simple Mortgage36%
Debt Free54%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.7%