Why Live in Southlea
Southlea, located 4 miles south of downtown Lafayette, is a neighborhood known for its affordability and practicality, featuring primarily ranch-style prefabricated homes built in the 1950s. These homes, typically with three bedrooms and one bathroom, have shifted from being rental-focused to highly sought-after properties due to the current housing market demand. Southlea is conveniently situated 5 miles from Interstate 65, facilitating easy travel to Indianapolis and Chicago. Public transportation is accessible with several CityBus stops nearby. For recreation, Armstrong Park, adjacent to Southlea, features an aquatic complex, walking trails, playgrounds, and sports courts. Manitou Park and the Linear Trail offer additional outdoor activities. Local dining options include Walt's Other Pub and Teays River Brewery & Public House, both within walking distance. Grocery shopping is convenient with Pay Less and Walmart Super Center located 2 and 3 miles away, respectively. Annual events like A Taste of Tippecanoe and the 4-H Club Fair provide community engagement opportunities. Schools in the area include the highly rated Edgelea Elementary School and Jefferson High School, which offers dual credit courses with Purdue University and Ivy Tech Community College. While Southlea has many attractive features, potential residents should be aware of the increased risk of flooding in certain areas of the neighborhood.
Frequently Asked Questions
Is Southlea a good place to live?
Southlea is a good place to live. Southlea is considered car-dependent and somewhat bikeable with some transit options. Southlea is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Southlea has 3 parks for recreational activities. It has a median age of 33. The average household income is $49,809 which is below the national average. College graduates make up 8.9% of residents. A majority of residents in Southlea are home owners, with 26.9% of residents renting and 73.1% of residents owning their home. A
local real estate agent serving Southlea can help you decide if this neighborhood is the right one for you. Learn more on our
Southlea neighborhood guide.
Is Southlea, IN a safe neighborhood?
Southlea, IN is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Southlea?
The median home price in Southlea is $211,950. If you put a 20% down payment of $42,400 and had a 30-year fixed mortgage with an interest rate of 6.81%, your estimated principal and interest payment would be $1,110 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $48K a year to afford the median home price in Southlea. The average household income in Southlea is $50K.
What are the best public schools in Southlea?
The best public schools that serve Southlea are:
What are the best private schools in Southlea?
The best private schools that serve Southlea are:
What are the most popular zip codes in Southlea, Lafayette, IN?
What are the most popular neighborhoods near Southlea, Lafayette, IN?
Home Trends in Southlea, IN
On average, homes in Southlea, Lafayette sell after 20 days on the market compared to the national average of 50 days. The median sale price for homes in Southlea, Lafayette over the last 12 months is $210,000, up 21% from the median home sale price over the previous 12 months.
Median Sale Price
$210,000
Median Single Family Sale Price
$204,950
Average Price Per Sq Ft
$157
Number of Homes for Sale
1
Last 12 months Home Sales
9
Median List Price
$211,950
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
21%