Home Price Key
Affordable
Average
Expensive
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 $164,991, lower than the Minnesota average of $269,934.
The average cost of rent is $868/mo in Lafayette, primarily driven by the current value of real estate in the Lafayette area. While nearly 43.58% of residents own their homes outright in Lafayette, 10.30% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lafayette is $6,660 per month. Households that rent pay about 13.03% of their income on rent here. Lafayette's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Winthrop, MN: less expensive homes
- Klossner, MN: higher priced homes
- St. George, MN: higher priced homes
- Gibbon, MN: less expensive homes
- Gaylord, MN: equally priced homes
- New Ulm, MN: equally priced homes
- Courtland, MN: higher priced homes
- Nicollet, MN: higher priced homes
- Essig, MN: higher priced homes
- New Rome, MN: higher priced homes
Cities with Similar Populations
- Hooper, NE: equally priced homes
- Silver Lake, NH: higher priced homes
- Salmon, TX: less expensive homes
- Runge, TX: less expensive homes
- Roulette, PA: less expensive homes
- La Moille, IL: less expensive homes
- Kenmare, ND: less expensive homes
- Keeler Farm, NM: less expensive homes
- Jumpertown, MS: less expensive homes
- Jay, NY: equally priced homes
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