Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$283,136+2.9% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 29% have cut their price
Income needed to buy, per year$61,378About 0.9× the local median income ($69,154): affordable for a typical household
Days on market52 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.8%Zillow expects prices to rise slightly
The typical home in Lafayette-West Lafayette, IN is worth $283,136, up 2.9% from a year ago. That is well above what local incomes have historically supported: fair value is about $236,596, so the area is 19.7% overvalued. It is a balanced market, leaning toward buyers: homes take about 52 days to sell, listings are up 16% from a year ago, 29% of listings have had a price cut. Zillow expects prices to rise about 2.8% over the next year. A household needs about $61,378 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $69,154. Typical rent is $1,473 a month, or $1,922 for a house. In the latest IRS figures, 1,830 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$283,136
Change in 1 year
+2.9%
Overvalued %
+19.7%
Show 7 more
Fair home value
$236,596
Change in 5 years
+31.4%
Zillow forecast, next 12 months
+2.8%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$1,534
Income needed to afford it
$61,378
Property tax rate
0.61%
Rent and investing
Typical rent
$1,473
Typical rent for houses
$1,922
Price-to-rent ratio
16.0×
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HUD Fair Market Rent, 2 bedrooms
$1,241
Gross rental yield
6.24%
Cap rate (estimate)
4.06%
Market activity
Listings vs a year ago
+16.2%
Days on market
52
Listings with a price cut
29.0%
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Homes for sale
532
Pending sales per 100 listings
41
Asking price per sq ft
$174
People and jobs
Median household income
$69,154
Population change (1 year)
+0.2%
Unemployment rate
3.3%
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Population
228,468
Income adjusted for cost of living
$74,041
Net moves in (IRS)
−1,830
Cost of living (US = 100)
93.4
Schools, risk and environment
School rating (1 to 10)
6.3
FEMA hazard risk score (0 to 100)
71.3
Unhealthy air days a year
0
Show 4 more
Flood risk score
71.5
Wildfire risk score
25.0
Walkability (1 to 20)
9.8
Road, rail and air noise
53 dB
Questions people ask
Is Lafayette-West Lafayette, IN overvalued?
Home prices in Lafayette-West Lafayette, IN are well above what local incomes have historically supported: fair value is about $236,596, so the area is 19.7% overvalued.
Is Lafayette-West Lafayette, IN a buyer's or seller's market?
Lafayette-West Lafayette, IN is a balanced market, leaning toward buyers: homes take about 52 days to sell, listings are up 16% from a year ago, 29% of listings have had a price cut.
Are home prices going down in Lafayette-West Lafayette, IN?
Home values in Lafayette-West Lafayette, IN are up 2.9% over the last year. Zillow's forecast for the next 12 months is +2.8%.
How much do you need to earn to buy a home in Lafayette-West Lafayette, IN?
A household needs about $61,378 a year to afford the typical home in Lafayette-West Lafayette, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $69,154.