Why Live in Edgelea
Edgelea, located four miles south of downtown Lafayette, is a residential neighborhood known for its 1950s prefabricated ranch-style homes. These homes, built by the National Real Estate Company, range from under 900 to 1,200 square feet and feature carports or garages. Despite their smaller size, the homes in Edgelea are in high demand, selling more than twice as fast as the national average. The neighborhood is appealing to families and investors due to its proximity to good public schools such as Edgelea Elementary School, Lafayette Tecumseh Junior High School, and Jefferson High School, which offers dual college credit courses and a robust foreign language program. Edgelea is conveniently located near grocery stores, retail, and dining options within half a mile, including local favorites like Shellie's Café and Healthies Lafayette. Recreational features include Bishop Woods Park and Armstrong Park, which offer various sports camps, playgrounds, and walking trails. The neighborhood is also close to Tippecanoe Mall and the Tippecanoe County Fairgrounds, which hosts events like the Tippecanoe County 4-H Fair and Lafayette Roller Derby games. Public transportation is accessible with several CityBus stops nearby. However, potential buyers should be aware of the higher flood risk in the south end and along Beck Lane.
Frequently Asked Questions
Is Edgelea a good place to live?
Edgelea is a good place to live. Edgelea is considered car-dependent and somewhat bikeable with some transit options. Edgelea has 1 park for recreational activities. It has a median age of 36. The average household income is $70,035 which is below the national average. College graduates make up 24.2% of residents. A majority of residents in Edgelea are home owners, with 33.6% of residents renting and 66.4% of residents owning their home. A
local real estate agent serving Edgelea can help you decide if this neighborhood is the right one for you. Learn more on our
Edgelea neighborhood guide.
How much do you need to make to afford a house in Edgelea?
The median home price in Edgelea is $192,500. If you put a 20% down payment of $38,500 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $960 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $41K a year to afford the median home price in Edgelea. The average household income in Edgelea is $70K.
What are the best public schools in Edgelea?
The best public schools that serve Edgelea are:
What are the best private schools in Edgelea?
The best private schools that serve Edgelea are:
What are the most popular zip codes in Edgelea, Lafayette, IN?
What are the most popular neighborhoods near Edgelea, Lafayette, IN?
Home Trends in Edgelea, IN
On average, homes in Edgelea, Lafayette sell after 26 days on the market compared to the national average of 52 days. The median sale price for homes in Edgelea, Lafayette over the last 12 months is $190,000, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$190,000
Median Single Family Sale Price
$194,950
Average Price Per Sq Ft
$162
Number of Homes for Sale
5
Last 12 months Home Sales
23
Median List Price
$192,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%