West Lafayette, IN Real Estate
According to census data in the year 2000 there were 10,809 housing units in West Lafayette.
This represents a 14.2% growth from 9,465 in 1990.
Of those housing units, 10,809 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in West Lafayette is about 32.9%.
West Lafayette's vacancy rate, including seasonal lodging, is about 2.9%.
Average household size is 2.27 people.
The majority of houses, apartments or condos in West Lafayette were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 6.70% |
| One Bedroom | 21.10% |
| Two Bedrooms | 26.80% |
| Three Bedrooms | 21.30% |
| Four Bedrooms | 20.80% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1966 |
| Median Value of occupied units | $145,400 |
| Median Price asked for vacant units | $143,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $624 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 5.80% |
| Home Equity Loan | 13.70% |
| Simple Mortgage | 46.90% |
| Debt Free | 33.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.7% |
