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Critical Acclaim for Greater Lafayette
Business and lifestyle media across the country continue to recognize Greater Lafayette for its impressive new-business potential and quality of life.
Housing
Big Dreams
From beautifully restored historic structures to stylish newly built homes, the Greater Lafayette region delivers more for your money—more land, more square footage and more room to roam, making your downtime easier to come by, your commute around town much smoother to navigate, and your neighborhood a safer, more family-friendly place to enjoy.
Housing Statistics |
Lafayette | West Lafayette | U.S. Avg. |
|---|---|---|---|
| Average home price | $141,811 | $216,616 | $359,352 |
| Average property taxes | $1,154 | $1,702 | $3,585 |
| Median home age (yrs) | 39 | 28 | 27 |
| Home appreciation (%) | -1.7 | -1.6 | -4.6 |
| Homes owned (%) | 49.74 | 31.17 | 64.07 |
| Housing Vacant (%) | 5.94 | 3.36 | 14.48 |
| Homes Rented (%) | 43.97 | 65.24 | 21.45 |
| % built since 1970 | 43.79 | 63.52 | 55.40 |
| % built 1940–1970 | 35.53 | 27.04 | 31.06 |
| % built before 1940 | 20.67 | 9.44 | 13.55 |
Median commute time |
Lafayette | West Lafayette | U.S. Avg. |
|---|---|---|---|
| (in mins.) | 13.8 | 12.2 | 23.1 |
| % pop. with commute 45 mins. or longer | 5.9 | 3.8 | 15.6 |
| % pop. with commute 45 mins. or longer | 5.9 | 3.8 | 15.6 |
| % pop. walk/bike to work | 3.5 | 20.6 | 2.7 |
| Sources: Money magazine, Best Places to Live 2007, money.cnn.com. And Sperling’s BestPlaces, bestplaces.net, data last updated 10/2007 | |||
Land Prices | |
|---|---|
| GB/NB lots | $250,000 and up |
| R3 tracts | $35,000–$100,000 |
| Residential | $15,000–$25,000 |
| Tillable land | $2,700–$3,400 |
Industrial | |||
|---|---|---|---|
| Under 5 acres | $75,000–$100,000 | ||
| 5-10 acres | $50,000–$75,000 | ||
| Large tracts | $18,000–$30,000 | ||
| Source: 2002 F.C. Tucker State of Real Estate | |||
