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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 26,440, 9,530 total housing units (homes and apartments), and a median house value of $1,323,994, 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 78.00% of the city's housing units. Other types of housing that are prevalent in Lafayette include large apartment complexes or high rise apartments ( 13.13%), duplexes, homes converted to apartments or other small apartment buildings ( 5.93%), and a few row houses and other attached homes ( 2.80%).
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 72.82% of Lafayette's homes, and 63.99% 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 60.72% of the city's housing hails from this era. Other housing ages represented in Lafayette include homes built between 1970-1999 ( 28.57%) and housing constructed between 2000 and later ( 6.39%). There's also some housing in Lafayette built before 1939 ( 4.32%).
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 47.88% over the last ten years, which is an average annual home appreciation rate of 3.99%, 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.
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 1.33%, 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 -0.63%, which equates to an annual appreciation rate of -2.51%.
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 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.
|$878,001 - $1,170,000||18.5|
|$585,001 - $878,000||7.3|
|$468,001 - $585,000||1.0|
|$351,001 - $468,000||0.8|
|$234,001 - $351,000||0.6|
|$117,001 - $234,000||0.4|
|$59,001 - $117,000||0.2|
|$0 - $59,000||0.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
2000 Q1 - 2019 Q1
|* 10 is highest|
|AGE OF Lafayette HOMES|
|2000 or Newer||6.4|
|1970 - 1999||28.6|
|1940 - 1969||60.7|
|1939 or Older||4.3|
|TYPE OF Lafayette HOMES|
|Small Apt. Buildings||5.9|
|SIZE OF Lafayette HOMES|
|5 or more bedrooms||10.37|