Real Estate Market Update for Lafayette, IN
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was up 18% from one year earlier, and up 54% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 110-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 39%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 180-thousand dollars. The number of units sold increased 50% year-over-year, and decreased 14% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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 Lafayette, IN
Area Information for Lafayette, IN
  • Population: 69,721
  • Median Age: 31.05 yr
  • Median Commute Time: 14.08 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 2,513/sq mi
  • Population Change Since 2000: 12.6%
  • Closest Airport: Indianapolis International
  • Closest College: Purdue University
  • Closest Jr. College: Ivy Tech Community College
  • Median Household Income: $38,470
  • Annual Residential Turnover: 29.32%
  • Median Years in Residence: 2.69 yr
  • Median Home Sales Price: $89,047
  • Closest Major Sports Team: Colts
  • Change Avg. Household Income Since 2000: 7%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Lafayette, IN
Median Age: 31.05 Married: 27% Number of Households: 29,387 Households with Children: 8,020
Community:
    • 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 Lafayette, IN

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Jefferson High School 0.2 mi Public 9-12 1 4
      Lafayette Tecumseh Jr High School 0.4 mi Public 7-8 2-5 4
      Oakland High School 0.7 mi Public 9-12 0 0
      Miami Elementary School 0.9 mi Public K-4 3 2
      Edgelea Elementary School 0.9 mi Public K-4 4 4
      Central Catholic Jr-sr High School 1.0 mi Catholic PRESCHOOL-12 5 5
      Thomas Miller Elementary School 1.2 mi Public K-4 2-5 4
      Apostolic Christian Academy 1.2 mi Private 9-12 0 5
      Saint Mary Cathedral School 1.3 mi Catholic PRESCHOOL-3 5 5
      Murdock Elementary School 1.4 mi Public K-4 5 3
      Greater Lafayette Area Se 1.4 mi Public K-12 0 0
      Lafayette Christian School 1.5 mi Private PRESCHOOL-8 4 5
      Lafayette Sunnyside Middle School 1.5 mi Public 5-6 1 2
      Excel Center - Lafayette 1.6 mi Public - 0 0
      Saint Boniface School 1.6 mi Catholic 4-6 3-5 5
      Wildcat Creek Career Coop 1.7 mi Public -12 0 0
      Amelia Earhart Elementary School 1.7 mi Public K-4 4 5
      Tippecanoe Christian School 1.8 mi Private PRESCHOOL-8 0 5
      New Community School 1.8 mi Public K-8 1 4
      T C Harris School At Idtc Laf 2.2 mi Private K-12 0 0
      Saint Lawrence Elementary School 2.3 mi Catholic PRESCHOOL-6 5 5
      Vinton Elementary School 2.4 mi Public K-4 4 1
      Glen Acres Elementary School 2.6 mi Public K-4 2-5 3
      Wea Ridge Middle School 3.0 mi Public 6-8 2-5 3
      Southwestern Middle School 3.0 mi Public 6-8 2-5 4
      Lighthouse Baptist Christian Academy 3.1 mi Private - 0 0
      Wea Ridge Elementary School 3.1 mi Public K-5 2 4
      West Lafayette Jr/sr High School 3.2 mi Public 7-12 4-5 4
      Happy Hollow Elementary 3.3 mi Public 4-6 5 4
      Kiddie Kollege 3.5 mi Private PRESCHOOL-K 0 0
      Woodland Elementary School 3.7 mi Public K-5 3-5 0
      Montessori Parents Inc 4.0 mi Private PRESCHOOL-3 0 5
      Mayflower Mill Elementary School 4.1 mi Public K-5 2-5 4
      Mccutcheon High School 4.2 mi Public 9-12 2-5 3
      Faith Christian School 4.2 mi Private PRESCHOOL-12 4 5
      Wyandotte Elementary 4.3 mi Public PRESCHOOL-5 4-5 0
      Cumberland Elementary School 4.6 mi Public K-3 0 5
      Beacon Academy 4.6 mi Public 7-12 0 0
      Pleasantview Christian School 4.9 mi Private PRESCHOOL-PRESCHOOL 0 4
      Klondike Middle School 6.5 mi Public 6-8 4-5 4
      Klondike Elementary School 6.5 mi Public K-5 3-5 4
      Mintonye Elementary School 6.9 mi Public K-5 2-5 4
      East Tipp Middle School 7.2 mi Public 6-8 4 4
      Hershey Elementary School 7.2 mi Public K-5 4 5
      Burnett Creek Elementary School 7.2 mi Public K-5 2-5 5
      William Henry Harrison High School 7.2 mi Public 9-12 3 4
      Battle Ground Middle School 7.6 mi Public 6-8 2 4
      Wainwright Middle School 8.2 mi Public 6-8 2 3
      James Cole Elementary School 9.2 mi Public K-5 3-5 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: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 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.