Lafayette, IN

Population: 70,373
Average annual home appreciation rate: 5.98%
Total of homes for sale in this market: 331
Median home price: $106,059
Median Rent: $792 per room
Home price range: 42.26% of homes are between $52,001 – $104,000
Median sales price: Still gathering data
Number of homes: 250
Median foreclosure sales price: $63,530
Foreclosure discount: Still gathering data
Most common home type: 58.19% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 7.85%
Number of renters: 52.15%
Number of owner occupied: 47.85%
Number people living below poverty level: 19.61%
Unemployment rate: 4.40%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Lafayette area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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