Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the La Fayette area can be challenging. Home prices in La Fayette are now at a median cost of $69,696, lower than the Illinois average of $242,002.
The average cost of rent is $610/mo in La Fayette, primarily driven by the current value of real estate in the La Fayette area. While nearly 52.14% of residents own their homes outright in La Fayette, 14.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in La Fayette is $4,240 per month. Households that rent pay about 14.39% of their income on rent here. La Fayette's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
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- Kewanee, IL: equally priced homes
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Cities with Similar Populations
- Montezuma, OH: higher priced homes
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