A typical Lafayette home is worth roughly $164,000
What kind of housing town is Lafayette?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.1 years of income
Less than across Michigan (3.7 years). Try your own numbers below.
That covers a typical Lafayette home, with $138K to spare.
A two-bedroom rents for about $1,020 a month here, $30 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Lafayette’s typical property tax (0.92% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
86% of Lafayette households own their home
Half of Lafayette’s homes were built before 1941.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,020
Renters already here pay a median of $1,225.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Midland, MI MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Lafayette vs. its neighbors
Lafayette is the least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Lafayette buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.