Real Estate Market Update for 47905 (Lafayette, IN)
Welcome to January's Market Update. Let’s take a look at residential real-estate activity in your area during the month of December. The number of active listings was up 100% from one year earlier, and down 29% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 120-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 100%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The number of units sold decreased 100% year-over-year, and held steady month-over-month. Even though sales figures were down from a year ago, the recent local market conditions were basically unchanged. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 47905 (Lafayette, IN)
Area Information for 47905 (Lafayette, IN)
  • Population: 40,940
  • Median Age: 36.68 yr
  • Median Commute Time: 18 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 341/sq mi
  • Population Change Since 2000: 14.78%
  • Closest Airport: Indianapolis International
  • Closest College: Purdue University
  • Closest Jr. College: Harrison College - Lafayette
  • Median Household Income: $50,737
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $138,897
  • Closest Major Sports Team: Indianapolis Indians (aaa)
  • Change Avg. Household Income Since 2000: 16.18%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 47905 (Lafayette, IN)
Median Age: 36.68 Married: 42% Number of Households: 16,717 Households with Children: 4,735
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 47905 (Lafayette, IN)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      East Tipp Middle School 0.4 mi Public 6-8 4 4
      Hershey Elementary School 0.4 mi Public K-5 4 5
      Faith Christian School 3.1 mi Private PRESCHOOL-12 4 5
      Wyandotte Elementary 3.5 mi Public PRESCHOOL-5 4-5 0
      Kiddie Kollege 3.7 mi Private PRESCHOOL-K 0 0
      Glen Acres Elementary School 4.4 mi Public K-4 2-5 3
      T C Harris School At Idtc Laf 4.7 mi Private K-12 0 0
      Oakland High School 6.4 mi Public 9-12 0 0
      Jefferson High School 7.1 mi Public 9-12 1 4
      Lafayette Tecumseh Jr High School 7.2 mi Public 7-8 2-5 4
      Thomas Miller Elementary School 7.4 mi Public K-4 2-5 4
      Apostolic Christian Academy 7.8 mi Private 9-12 0 5
      Wainwright Middle School 9.7 mi Public 6-8 2 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: and Onboard Informatics © 2015
      Local Weather for 47905 (Lafayette, IN)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.