The Most Affordable Neighborhoods in West Lafayette, IN by Home Value

 

West Lafayette, IN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the West Lafayette area can be challenging. Home prices in West Lafayette are now at a median cost of $221,244, higher than the Indiana average of $175,617.

The average cost of rent is $930/mo in West Lafayette, primarily driven by the current value of real estate in the West Lafayette area. While nearly 38.42% of residents own their homes outright in West Lafayette, 47.51% rent.

Housing affordability isn’t just about home prices, though. The average household income in West Lafayette is $4,893 per month. Households that rent pay about 19.00% of their income on rent here. West Lafayette's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.


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