Lafayette CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Lafayette, CO 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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Lafayette Housing Market Information

With a population of 28,328, 11,210 total housing units (homes and apartments), and a median house value of $430,442, 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 61.05% of the city's housing units. Other types of housing that are prevalent in Lafayette include large apartment complexes or high rise apartments ( 14.61%), row houses and other attached homes ( 14.34%), and a few mobile homes or trailers ( 6.22%).

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 72.18% of Lafayette's homes, and 59.17% 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 ( 19.56%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.05%). There's also some housing in Lafayette built before 1939 ( 4.35%).

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 82.55% over the last ten years, which is an average annual home appreciation rate of 6.20%, 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 0.20%, 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 0.95%, which equates to an annual appreciation rate of 3.87%.

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

 

Median Home Value:
$430,442

Lafayette, CO HOME PRICES

Value Range
> $1,361,000 1.8
$1,021,001 - $1,361,000 3.7
$680,001 - $1,021,000 13.1
$544,001 - $680,000 14.5
$408,001 - $544,000 23.8
$272,001 - $408,000 22.7
$136,001 - $272,000 11.5
$68,001 - $136,000 1.3
$0 - $68,000 7.6

High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
9.85109489051095 27.8260869565217

Number Of Homes And Apartments:
11,210

Lafayette Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
110.84% 3.90%
8
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,834 / per month

Homeownership Rate

Homeownership
Owners 72.18
Renters 27.82
Vacant 3.85

Housing Market Details

 

Age of Homes

AGE OF Lafayette HOMES
2000 or Newer 19.6
1970 - 1999 71.0
1940 - 1969 5.1
1939 or Older 4.3

Types of Homes

TYPE OF Lafayette HOMES
Single-Family 61.1
Townhomes 14.3
Small Apt. Buildings 3.8
Apt. Complexes 14.6
Mobile Homes 6.2
Other 0.0

Home Size

SIZE OF Lafayette HOMES
No Bedroom 0.56
1 Bedroom 7.66
2 Bedrooms 24.38
3 Bedrooms 40.96
4 Bedrooms 18.21
5 or more bedrooms 8.23