Lafayette, CO 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, CO Housing Market Trends

With 30,687 people, 11,856 houses or apartments, and a median cost of homes of $500,498, real estate costs in Lafayette are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Colorado communities.

Single-family detached homes are the single most common housing type in Lafayette, accounting for 60.66% of the city's housing units. Other types of housing that are prevalent in Lafayette include row houses and other attached homes ( 15.05%), large apartment complexes or high rise apartments ( 13.56%), and a few mobile homes or trailers ( 7.25%).

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 71.75% of Lafayette's homes, and 59.34% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lafayette built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lafayette built between 2000 and later ( 23.09%). A lesser amount of the housing stock also hails from before 1939 ( 4.73%). There's also some housing in Lafayette built between 1940-1969 ( 4.51%).

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 95.25% over the last ten years, which is an average annual home appreciation rate of 6.92%, 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 3.52%, 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 1.17%, which equates to an annual appreciation rate of 4.77%.

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

Relative to Colorado, our data show that Lafayette's latest annual appreciation rate is lower than 90% of the other cities and towns in Colorado.

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

 
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Median Home Value:
$500,498

Lafayette, CO HOME PRICES

> $1,200,000
2.7%
2.7%
$900,001 - $1,200,000
7.8%
7.8%
$600,001 - $900,000
22.4%
22.4%
$480,001 - $600,000
19.8%
19.8%
$360,001 - $480,000
21.2%
21.2%
$240,001 - $360,000
12.0%
12.0%
$120,001 - $240,000
4.1%
4.1%
$60,001 - $120,000
1.6%
1.6%
$0 - $60,000
8.4%
8.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CO

Value Relative To Nation

Number Of Homes And Apartments:
11,856

Lafayette Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
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
123.00% 3.89%
8
9
* 10 is highest

Rent & Ownership

 
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Average Market Rent:
$1,984 / per month

Homeownership Rate

Owners
71.8%
71.8%
Renters
28.2%
28.2%
Vacant
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
23.1%
23.1%
1970 - 1999
67.7%
67.7%
1940 - 1969
4.5%
4.5%
1939 or Older
4.7%
4.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
60.7%
60.7%
Townhomes
15.1%
15.1%
Small Apt. Buildings
3.5%
3.5%
Apt. Complexes
13.6%
13.6%
Mobile Homes
7.3%
7.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.8%
0.8%
1 Bedroom
7.6%
7.6%
2 Bedrooms
24.2%
24.2%
3 Bedrooms
38.6%
38.6%
4 Bedrooms
20.8%
20.8%
5 or more bedrooms
8.1%
8.1%
0.0% 100.0%
% OF HOMES