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 Type | 2.80% |
| One Bedroom | 18.50% |
| Two Bedrooms | 29.80% |
| Three Bedrooms | 37.30% |
| Four Bedrooms | 10.30% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1960 |
| Median Value of occupied units | $89,700 |
| Median Price asked for vacant units | $125,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $518 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 8.20% |
| Home Equity Loan | 10.90% |
| Simple Mortgage | 51.50% |
| Debt Free | 29.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
