A typical Lafayette home is worth about $268,000
Up 3.1% in a year, 20% below the Tennessee typical home. Homes typically sell in 73 days, below asking.
What kind of housing town is Lafayette?
Read from the numbers below. The page puts what stands out first.
A typical home costs 5.2 years of income
More than across Tennessee (4.8 years). Try your own numbers below.
That’s $51K short of a typical Lafayette home.
A two-bedroom rents for about $1,000 a month here, $500 less than owning.
How Lafayette ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Lafayette’s typical property tax (0.41% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,000
Renters already here pay a median of $896, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Macon County, TN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Up 29.2% in five years
Faster than Tennessee (24.8%).
Show as a table
| January | Lafayette | Tennessee |
|---|---|---|
| 2017 | $117,000 | $174,000 |
| 2018 | $132,000 | $187,000 |
| 2019 | $144,000 | $198,000 |
| 2020 | $160,000 | $215,000 |
| 2021 | $181,000 | $238,000 |
| 2022 | $224,000 | $287,000 |
| 2023 | $231,000 | $313,000 |
| 2024 | $246,000 | $326,000 |
| 2025 | $256,000 | $334,000 |
| 2026 | $265,000 | $333,000 |
| August 2026 | $268,000 | $334,000 |
A typical Lafayette home worth $112K in September 2016 is worth about $268K today.
How Lafayette ranks on rising home prices →
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A balanced market
About 4.5 months of supply: neither buyers nor sellers have a clear edge.
Under ~4 months of supply favors sellers; over ~6 favors buyers.
Redfin Data Center, all residential sales, May 2026.
No new homes permitted in 2022
No permits for new homes were issued in Lafayette in 2022. The last year with any was 2021 (20 new homes).
Between the 2010 and 2020 censuses, Lafayette gained 1,110 residents while 306 new homes were permitted: about 3.6 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Tennessee: 2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2022 | 0 | 0 | 0 | — |
| 2021 | 20 | 8 | 12 | $3.2 million |
| 2020 | 19 | 10 | 9 | $2.3 million |
| 2019 | 2 | 2 | 0 | $240,000 |
| 2018 | 19 | 13 | 6 | $1.9 million |
| 2017 | 15 | 12 | 3 | $1.4 million |
| 2016 | 14 | 9 | 5 | $1.5 million |
| 2015 | 78 | 7 | 71 | $6.7 million |
| 2014 | 6 | 6 | 0 | $716,000 |
| 2013 | 62 | 18 | 44 | $2.1 million |
| 2012 | 15 | 8 | 7 | $933,000 |
| 2011 | 67 | 9 | 58 | $4.3 million |
| 2010 | 28 | 4 | 24 | $1 million |
| 2009 | 22 | 13 | 9 | $1.1 million |
| 2008 | 70 | 9 | 61 | $2.2 million |
| 2007 | 31 | 11 | 20 | $1.2 million |
| 2006 | 49 | 12 | 37 | $1.9 million |
| 2005 | 28 | 10 | 18 | $2 million |
| 2004 | 47 | 19 | 28 | $3.1 million |
| 2003 | 21 | 19 | 2 | $2.2 million |
| 2002 | 24 | 13 | 11 | $1.5 million |
| 2001 | 22 | 5 | 17 | $868,000 |
| 2000 | 18 | 5 | 13 | $748,000 |
Lafayette's permit office didn't report to the Census in 2022, so the 2022 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
49% of Lafayette households own their home
Half of Lafayette’s homes were built before 1971.
Tennessee: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024.
On the market in Lafayette
Listed in the past 60 days. Each opens on the listing site.
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, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits 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.