La Fayette, GA Real Estate
According to census data in the year 2000 there were 2,971 housing units in La Fayette.
This represents a 13.1% growth from 2,627 in 1990.
Of those housing units, 2,786 were located in either urbanized areas or urban clusters, and 185 were located in what is classified as a rural area.
Homeownership rate in La Fayette is about 59.5%.
La Fayette's vacancy rate, including seasonal lodging, is about 8%.
Average household size is 2.3 people.
The majority of houses, apartments or condos in La Fayette were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 13% |
| Two Bedrooms | 37.70% |
| Three Bedrooms | 38.50% |
| Four Bedrooms | 8.20% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $58,500 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.16 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $168 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.30% |
| Home Equity Loan | 3.50% |
| Simple Mortgage | 42.60% |
| Debt Free | 46.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
