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Affordable
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These days, finding an affordable place to live in the Lafayette area can be challenging. Home prices in Lafayette are now at a median cost of $176,062, lower than the Georgia average of $324,634.
The average cost of rent is $855/mo in Lafayette, primarily driven by the current value of real estate in the Lafayette area. In Lafayette, 25.19% of households rent, and 45.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lafayette is $5,274 per month. Households that rent pay about 16.21% of their income on rent here. Lafayette’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Linwood, GA: less expensive homes
- Naomi, GA: higher priced homes
- Noble, GA: higher priced homes
- Catlett, GA: higher priced homes
- Rock Spring, GA: higher priced homes
- Davis Crossroads, GA: higher priced homes
- Pond Spring, GA: higher priced homes
- Cedar Grove, GA: higher priced homes
- East Armuchee, GA: higher priced homes
- Villanow, GA: less expensive homes
Cities with Similar Populations
- Merrill, WI: equally priced homes
- Newport, KY: higher priced homes
- New Richmond, WI: higher priced homes
- New Milford, NJ: higher priced homes
- Murphy, NC: higher priced homes
- Mount Morris, MI: less expensive homes
- Morehead, KY: equally priced homes
- Monument, CO: higher priced homes
- Monroe, OH: higher priced homes
- Mitchell, SD: higher priced homes
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