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Lafayette Real Estate Market Facts

  • $95,500Median home price
    50% lower than Minnesota
  • $558Median rent asked
    36% lower than Minnesota
  • 80.6%Home owners
    13% higher than Minnesota
  • 1.9People per home
    21% lower than Minnesota

Lafayette Home Affordability

  • $95,500Median home price
    50% lower than Minnesota
  • $52,679Median home income
    17% lower than Minnesota
  • 1.8xHome price to income ratio
    40% lower than Minnesota

Lafayette Affordability Calculator

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Lafayette Mortgage Calculator

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Lafayette Demographics

  • 423Population
  • 336People / sq mile
  • 42.4Median age
  • 1.0:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Gibbon, MN912$70,80062%
Winthrop, MN1,296$88,00052%
Gaylord, MN2,072$102,10045%
Searles, MN195$122,70034%
New Ulm, MN13,279$133,10028%
Lafayette, MN423$95,50048%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Ethan, SD423$75,00059%
Meadow View Addition, SD423$136,10026%
Trimble, TN423$68,30063%
Fairhaven, MN423$155,50016%
Middle Amana, IA423$171,3007%
Lafayette, MN423$95,50048%
Source: The Lafayette, MN housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).