Lafayette, CA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lafayette, CA Housing Market Trends

With a population of 26,638, 9,426 total housing units (homes and apartments), and a median house value of $1,318,472, 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 77.36% of the city's housing units. Other types of housing that are prevalent in Lafayette include large apartment complexes or high rise apartments ( 13.81%), duplexes, homes converted to apartments or other small apartment buildings ( 5.36%), and a few row houses and other attached homes ( 3.33%).

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 71.08% of Lafayette's homes, and 62.88% 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 59.64% of the city's housing hails from this era. Other housing ages represented in Lafayette include homes built between 1970-1999 ( 27.78%) and housing constructed between 2000 and later ( 9.22%). There's also some housing in Lafayette built before 1939 ( 3.35%).

Lafayette Home Appreciation Rates

Appreciation rates for homes in Lafayette have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 48.58%, which ranks in the top 30% nationwide. This equates to an annual average Lafayette house appreciation rate of 4.04%.

Over the last year, Lafayette appreciation rates have trailed the rest of the nation. In the last twelve months, Lafayette's appreciation rate has been 0.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lafayette were at 0.36%, which equates to an annual appreciation rate of 1.43%.

Notably, Lafayette's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Lafayette's latest annual appreciation rate is lower than 90% 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:
$1,318,472

Lafayette, CA HOME PRICES

> $1,053,000
74.7%
74.7%
$790,001 - $1,053,000
15.6%
15.6%
$527,001 - $790,000
6.4%
6.4%
$421,001 - $527,000
0.7%
0.7%
$316,001 - $421,000
1.0%
1.0%
$210,001 - $316,000
0.4%
0.4%
$106,001 - $210,000
0.2%
0.2%
$53,001 - $106,000
0.0%
0.0%
$0 - $53,000
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CA

Value Relative To Nation

Number Of Homes And Apartments:
9,426

Lafayette Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
109.52% 3.58%
4
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,830 / per month

Homeownership Rate

Owners
71.1%
71.1%
Renters
28.9%
28.9%
Vacant
6.8%
6.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.2%
9.2%
1970 - 1999
27.8%
27.8%
1940 - 1969
59.6%
59.6%
1939 or Older
3.4%
3.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
77.4%
77.4%
Townhomes
3.3%
3.3%
Small Apt. Buildings
5.4%
5.4%
Apt. Complexes
13.8%
13.8%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.4%
1.4%
1 Bedroom
7.9%
7.9%
2 Bedrooms
15.2%
15.2%
3 Bedrooms
32.1%
32.1%
4 Bedrooms
30.8%
30.8%
5 or more bedrooms
12.6%
12.6%
0.0% 100.0%
% OF HOMES