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 28,328, 11,210 total housing units (homes and apartments), and a median house value of $422,125, 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%).
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 75.46% over the last ten years, which is an average annual home appreciation rate of 5.78%, 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.
NeighborhoodScout's data show that during the latest twelve months, Lafayette's appreciation rate, at 3.80%, has been at or slightly above the national average. In the latest quarter, Lafayette's appreciation rate has been -0.64%, which annualizes to a rate of -2.55%.
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 80% 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.
|$1,001,001 - $1,334,000||4.8|
|$667,001 - $1,001,000||15.7|
|$534,001 - $667,000||14.8|
|$401,001 - $534,000||23.2|
|$267,001 - $401,000||22.5|
|$133,001 - $267,000||10.8|
|$66,001 - $133,000||1.3|
|$0 - $66,000||5.3|
|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||19.6|
|1970 - 1999||71.0|
|1940 - 1969||5.1|
|1939 or Older||4.3|
|TYPE OF Lafayette HOMES|
|Small Apt. Buildings||3.8|
|SIZE OF Lafayette HOMES|
|5 or more bedrooms||8.23|