LaFayette, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating LaFayette Neighborhoods Since 2000




LaFayette, GA 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 7,173 people, 2,812 houses or apartments, and a median cost of homes of $86,769, house prices in LaFayette are solidly below the national average.

Single-family detached homes are the single most common housing type in LaFayette, accounting for 74.23% of the city's housing units. Other types of housing that are prevalent in LaFayette include duplexes, homes converted to apartments or other small apartment buildings ( 12.87%), large apartment complexes or high rise apartments ( 10.81%), and a few mobile homes or trailers ( 2.09%).

The most prevalent building size and type in LaFayette are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.11% owning and 51.89% renting.

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 43.62% of the city's housing hails from this era. Other housing ages represented in LaFayette include homes built between 1970-1999 ( 34.06%) and housing constructed before 1939 ( 11.83%). There's also some housing in LaFayette built between 2000 and later ( 10.49%).

Vacant housing appears to be an issue in LaFayette. Fully 18.49% of the housing stock is classified as vacant. Left unchecked, vacant LaFayette homes and apartments can be a drag on the real estate market, holding LaFayette real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

LaFayette Home Appreciation Rates

LaFayette's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in LaFayette during the period has been just -1.69%, which is lower than 80% of US communities.

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 -1.53%, 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 1.00%, which equates to an annual appreciation rate of 4.07%.

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

Average Home Values

 

Median Home Value:
$86,769

LaFayette, GA HOME PRICES

Value Range
> $1,001,000 0.0
$750,001 - $1,001,000 0.0
$500,001 - $750,000 0.2
$400,001 - $500,000 1.1
$300,001 - $400,000 0.8
$200,001 - $300,000 6.8
$100,001 - $200,000 28.0
$50,001 - $100,000 51.8
$0 - $50,000 11.5

Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
86.2885268955819 77.8012684989429

Number Of Homes And Apartments:
2,812

LaFayette Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
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
15.07% 0.82% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$820 / per month

Homeownership Rate

Homeownership
Owners 48.11
Renters 51.89
Vacant 18.49

Housing Market Details

 

Age of Homes

AGE OF LaFayette HOMES
2000 or Newer 10.5
1970 - 1999 34.1
1940 - 1969 43.6
1939 or Older 11.8

Types of Homes

TYPE OF LaFayette HOMES
Single-Family 74.2
Townhomes 0.0
Small Apt. Buildings 12.9
Apt. Complexes 10.8
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF LaFayette HOMES
No Bedroom 6.41
1 Bedroom 9.62
2 Bedrooms 24.99
3 Bedrooms 55.65
4 Bedrooms 3.13
5 or more bedrooms 0.20