Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lafayette Park area can be challenging. Home prices in Lafayette Park are now at a median cost of $172,525, lower than the Detroit average of $215,900.
The average cost of rent is $1,087/mo in Lafayette Park, primarily driven by the current value of real estate in the Lafayette Park area. While nearly 75.39% of residents own their homes outright in Lafayette Park, 78.76% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lafayette Park is $4,302 per month. Households that rent pay about 25.26% of their income on rent here. Lafayette Park's most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Nearby Neighborhoods
- Elmwood Park, Detroit, MI: less expensive homes
- Downtown Detroit, Detroit, MI: higher priced homes
- Midtown-Detroit, Detroit, MI: higher priced homes
- Islandview, Detroit, MI: less expensive homes
- Wayne State, Detroit, MI: higher priced homes
- Kettering-Butzel, Detroit, MI: less expensive homes
- Woodbridge, Detroit, MI: higher priced homes
- Chene, Detroit, MI: less expensive homes
- Hubbard-Richard, Detroit, MI: less expensive homes
- Core City, Detroit, MI: less expensive homes
Neighborhoods with Similar Populations
- Alta Vista-Waco, Waco, TX: less expensive homes
- Windsor Square, Glendale, AZ: higher priced homes
- Willow Meadows-Willowbend Area, Houston, TX: higher priced homes
- West Rock, New Haven, CT: higher priced homes
- West Main Street Historic District, Norwalk, OH: less expensive homes
- Berkshire Lakes, Naples, FL: higher priced homes
- Berg-Lasher, Detroit, MI: less expensive homes
- Berea, Baltimore, MD: less expensive homes
- Belle Vista, Youngstown, OH: less expensive homes
- Belevedere, San Bernardino, CA: higher priced homes
All Local Stats
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