Lafayette, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lafayette Neighborhoods Since 2000




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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Lafayette Housing Market Information

With 27,729 people, 10,729 houses or apartments, and a median cost of homes of $408,743, 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 60.98% of the city's housing units. Other types of housing that are prevalent in Lafayette include row houses and other attached homes ( 14.07%), large apartment complexes or high rise apartments ( 13.23%), and a few mobile homes or trailers ( 6.62%).

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 71.40% of Lafayette's homes, and 58.12% 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 ( 16.52%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.28%). There's also some housing in Lafayette built before 1939 ( 3.38%).

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 58.17% over the last ten years, which is an average annual home appreciation rate of 4.69%, 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.

Appreciation rates are so strong in Lafayette that despite a nationwide downturn in the housing market, Lafayette real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lafayette appreciation rates continue to be some of the highest in America, at 12.77%, which is higher than appreciation rates in 98.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lafayette. Lafayette appreciation rates in the latest quarter were at 3.03%, which equates to an annual appreciation rate of 12.69%.

Importantly, NeighborhoodScout’s exclusive research found that Lafayette's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Colorado, our data show that Lafayette's latest annual appreciation rate is higher 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:
$408,743

Lafayette, CO HOME PRICES

Value Range
> $1,443,000 1.8
$1,082,001 - $1,443,000 2.0
$721,001 - $1,082,000 7.3
$577,001 - $721,000 13.0
$433,001 - $577,000 17.5
$289,001 - $433,000 32.4
$144,001 - $289,000 16.0
$72,001 - $144,000 1.0
$0 - $72,000 9.0

High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
9.08238603070432 22.2707423580786

Number Of Homes And Apartments:
10,729

Lafayette Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
81.70% 3.52% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,712 / per month

Homeownership Rate

Homeownership
Owners 71.40
Renters 28.60
Vacant 2.50

Housing Market Details

 

Age of Homes

AGE OF Lafayette HOMES
2000 or Newer 16.5
1970 - 1999 73.8
1940 - 1969 6.3
1939 or Older 3.4

Types of Homes

TYPE OF Lafayette HOMES
Single-Family 61.0
Townhomes 14.1
Small Apt. Buildings 4.8
Apt. Complexes 13.2
Mobile Homes 6.6
Other 0.3

Home Size

SIZE OF Lafayette HOMES
No Bedroom 1.19
1 Bedroom 6.56
2 Bedrooms 25.60
3 Bedrooms 40.99
4 Bedrooms 17.13
5 or more bedrooms 8.53