Housing

Big Dreams

From beautifully restored historic structures to stylish newly built homes, the Greater Lafayette region delivers more for your money—more land, more square footage and more room to roam, making your downtime easier to come by, your commute around town much smoother to navigate, and your neighborhood a safer, more family-friendly place to enjoy.

Housing Statistics

Lafayette West Lafayette U.S. Avg.
Average home price $141,811 $216,616 $359,352
Average property taxes $1,154 $1,702 $3,585
Median home age (yrs) 39 28 27
Home appreciation (%) -1.7 -1.6 -4.6
Homes owned (%) 49.74 31.17 64.07
Housing Vacant (%) 5.94 3.36 14.48
Homes Rented (%) 43.97 65.24 21.45
% built since 1970 43.79 63.52 55.40
% built 1940–1970 35.53 27.04 31.06
% built before 1940 20.67 9.44 13.55

Median commute time

Lafayette West Lafayette U.S. Avg.
(in mins.) 13.8 12.2 23.1
% pop. with commute 45 mins. or longer 5.9 3.8 15.6
% pop. with commute 45 mins. or longer 5.9 3.8 15.6
% pop. walk/bike to work 3.5 20.6 2.7
Sources: Money magazine, Best Places to Live 2007, money.cnn.com. And Sperling’s BestPlaces, bestplaces.net, data last updated 10/2007

Land Prices

GB/NB lots $250,000 and up
R3 tracts $35,000–$100,000
Residential $15,000–$25,000
Tillable land $2,700–$3,400

Industrial

Under 5 acres $75,000–$100,000
5-10 acres $50,000–$75,000
Large tracts $18,000–$30,000
Source: 2002 F.C. Tucker State of Real Estate