Lafayette, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lafayette Neighborhoods Since 2000




Lafayette, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lafayette Housing Market Information

With 25,843 people, 9,403 houses or apartments, and a median cost of homes of $1,300,192, Lafayette house prices are not only among the most expensive in California, Lafayette real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Lafayette, accounting for 79.19% of the city's housing units. Other types of housing that are prevalent in Lafayette include large apartment complexes or high rise apartments ( 13.31%), duplexes, homes converted to apartments or other small apartment buildings ( 5.25%), and a few row houses and other attached homes ( 2.10%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lafayette. Owner-occupied housing accounts for 72.94% of Lafayette's homes, and 65.81% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lafayette's housing was primarily built during this period, from the '40s through the '60s. A full 64.49% of the city's housing hails from this era. Other housing ages represented in Lafayette include homes built between 1970-1999 ( 28.18%) and housing constructed before 1939 ( 4.07%). There's also some housing in Lafayette built between 2000 and later ( 3.26%).

Lafayette Home Appreciation Rates

In the last 10 years, Lafayette has experienced some of the highest home appreciation rates of any community in the nation. Lafayette real estate appreciated 28.47% over the last ten years, which is an average annual home appreciation rate of 2.54%, putting Lafayette in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lafayette definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Lafayette that despite a nationwide downturn in the housing market, Lafayette real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lafayette appreciation rates continue to be some of the highest in America, at 6.65%, which is higher than appreciation rates in 78.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lafayette. Lafayette appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.39%.

Importantly, this makes Lafayette one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Lafayette's latest annual appreciation rate is lower than 70% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lafayette differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lafayette - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lafayette real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$1,300,192

Lafayette, CA HOME PRICES

Value Range
> $1,321,000 47.9
$990,001 - $1,321,000 31.3
$661,001 - $990,000 14.5
$528,001 - $661,000 1.8
$396,001 - $528,000 1.9
$264,001 - $396,000 0.8
$132,001 - $264,000 1.0
$66,001 - $132,000 0.2
$0 - $66,000 0.8

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
0.615258408531583 6.74603174603175

Number Of Homes And Apartments:
9,403

Lafayette Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
107.66% 4.33% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,414 / per month

Homeownership Rate

Homeownership
Owners 72.94
Renters 27.06
Vacant 4.49

Housing Market Details

 

Age of Homes

AGE OF Lafayette HOMES
2000 or Newer 3.3
1970 - 1999 28.2
1940 - 1969 64.5
1939 or Older 4.1

Types of Homes

TYPE OF Lafayette HOMES
Single-Family 79.2
Townhomes 2.1
Small Apt. Buildings 5.3
Apt. Complexes 13.3
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Lafayette HOMES
No Bedroom 0.94
1 Bedroom 7.31
2 Bedrooms 17.56
3 Bedrooms 32.42
4 Bedrooms 33.39
5 or more bedrooms 8.37