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Lafayette

Lafayette

Located in Tippecanoe County

$227,097 Average Value
$145 Average Price per Sq Ft
91 Homes For Sale

A top American city for remote workers, plus multiple major industries

From its days as a French fort and fur trading hub to the home of one of the top public universities in the country, Lafayette has long been a popular place to call home in Indiana. Located on the Wabash River, Lafayette found its footing as a shipping center in the early 19th century, with railroads soon connecting it to other major markets. It's just across the river from its sister town of West Lafayette, although the two communities practically serve as one greater Lafayette community. "It's a growing, thriving community," says Lauren Alexander, leader of the Alexander Group at Keller Williams Lafayette, who has been selling homes in the area since 2006. "It's a college town, but it also has a lot of industry. That is a winning combination for bringing people to the city." Lafayette has a population of 71,372, which is growing at a rate of .22% annually.

The city has a progressive mindset when it comes to maintaining and improving its infrastructure, with major investments in parks and a newly revitalized downtown. With Purdue University across the river in West Lafayette and several industries at home — namely Subaru and Caterpillar — Lafayette offers many career options. Indianapolis, situated 63 miles southeast, opens up more opportunities for commuters. But this city appeals to people from all backgrounds and earned the number five spot in the Wall Street Journal's 2022 list of top ten places for remote workers. Lafayette is ideal for homebuyers who want a community-oriented lifestyle with a small business scene, events, updated parks and hometown spirit.

Historic Jefferson is a charming neighborhood in Lafayette Indiana.
Historic Jefferson is a charming neighborhood in Lafayette Indiana.
The picturesque Wabash River along Downtown Lafayette is the perfect place to watch the sunset.
The picturesque Wabash River along Downtown Lafayette is the perfect place to watch the sunset.
Nearby Downtown Lafayette hosts Mosey Down Main Street a summer local small business event.
Nearby Downtown Lafayette hosts Mosey Down Main Street a summer local small business event.
Jesco Hills Estates looking to catch a game head to Ross-Ade Stadium.
Jesco Hills Estates looking to catch a game head to Ross-Ade Stadium.
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Multifaceted recreation at Columbian Park, more green space to come

Lafayette's parks system includes seven community parks, ten neighborhood parks, two riverfront parks, and 27 miles of paved trails, all of which are continuously updated by the city. Columbian Park is one of the largest and most active spots in town, with a zoo, a waterpark, a kiddie train and other amenities that can keep locals busy all day. This park received significant improvements between 2021 and 2024, including a new $20 million multi-use stadium and a 5,400-square-foot playground with three 24-foot-tall climbing towers. The new Loeb Stadium is home to the Lafayette Aviators, a collegiate baseball league with games in the summer and a summer concert series.

The Wabash Heritage Trail is an 18-mile scenic pathway that crosses through town along the Wabash River and ends at Fort Ouiatenon, a replica of the area's original settlement. Lafayette Parks and Recreation has plans to add more parks on the city's south and east sides to accommodate for growth. "As a general rule, the county is very big on making it more biking, walking and hiking friendly," says Cheryl Butcher, Managing Broker at Keller Williams Lafayette. "The mayor is definitely involved in a lot of that stuff."

Tropicanoe Cove has sky-high water slides on the park grounds.
Tropicanoe Cove has sky-high water slides on the park grounds.
Families love the playground at Columbian Park.
Families love the playground at Columbian Park.
Columbian Park Zoo is an affordable attraction for families near the Brady Lane neighborhood.
Columbian Park Zoo is an affordable attraction for families near the Brady Lane neighborhood.
Loeb Stadium is a multi-use stadium hosting college baseball games and community events.
Loeb Stadium is a multi-use stadium hosting college baseball games and community events.
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Breweries, boutiques, and entertainment along Main Street downtown

Downtown Lafayette is the city's revitalized commercial hub. City investments, especially over the past decade, have turned it into a vibrant city center with locally owned shops and restaurants, new condos and apartments, and festivals. The dining scene includes many more local restaurants than chains, specializing in New American fare, Japanese cuisine, barbecue and much more. Residents can grab a drink at one of several breweries on Main Street or veer just south to Knickerbocker Saloon, which claims the title of Indiana's oldest bar, serving pub fare and hosting live music and karaoke. Downtown Lafayette is also home to local theaters, art galleries and boutiques. Events draw locals downtown year-round, especially in the warmer months. Taste of Tippecanoe is the city's largest annual street festival, hosting local food vendors, musicians and artists for over 40 years.

Pay Less, Aldi, Meijer, Sam's Club and Fresh Thyme Market provide pantry staples throughout the city. For more household needs, there are multiple Walmart and Target locations. The stretch of South Street between Sagamore Parkway and Interstate 65 boasts multiple big-box stores such as Lowe's and Hobby Lobby and chain restaurants. A quick walk across the river on the John T. Myers Pedestrian Bridge leads to West Lafayette, which has its own shopping and dining scene.

McCord's Candies is a Lafayette favorite located downtown, just minutes from Orchard Heights.
McCord's Candies is a Lafayette favorite located downtown, just minutes from Orchard Heights.
The Knickerbocker is Indiana's oldest bar (1839) located downtown, not far from Orchard Heights.
The Knickerbocker is Indiana's oldest bar (1839) located downtown, not far from Orchard Heights.
Local favorite McCord Candies is under 10 minutes away from Vinton Woods.
Local favorite McCord Candies is under 10 minutes away from Vinton Woods.
Residents of Ellsworth Romig enjoy shopping for vintage records at Black Wax Records.
Residents of Ellsworth Romig enjoy shopping for vintage records at Black Wax Records.
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Hot housing market in the Hoosier State

Lafayette boasts a housing market that is nearly half the national average price. The median single-family home price here is $255,000, compared with $400,000 to $440,000 for the U.S. However, as with other areas across the country, the city is in a seller's market. "We have very low inventory and high demand, causing prices to go up," Alexander says. The median home sale price went up 9% between 2023 and 2024, according to Homes.com data. Homes sell after 24 days on the market, compared to the national average of 44 days.

Historic neighborhoods such as Perrin, Centennial, and Historic Jefferson surround downtown. These neighborhoods contain Italianate, Queen Anne and bungalow architecture from the city's early years. Designated historic areas are subject to restrictions for development and renovations to preserve the original architecture. The city's growing south side has newer subdivisions with new traditional homes, often with brick and vinyl siding and spacious built-in garages. These southside neighborhoods are also close to Subaru and Caterpillar, two of the city's biggest employers.

Historic Jefferson boasts large homes with tree lined streets with a mix of styles.
Historic Jefferson boasts large homes with tree lined streets with a mix of styles.
You'll find that Sawmill has a couple of duplex condo complexes.
You'll find that Sawmill has a couple of duplex condo complexes.
Homes in Ellsworth Romig boast beautiful and creative colors.
Homes in Ellsworth Romig boast beautiful and creative colors.
Bungalows sit closely together in Vinton.
Bungalows sit closely together in Vinton.
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Purdue a Top Ten university across the river

Lafayette School Corporation is the city's main school district, serving nearly 7,400 students and earning an overall B from Niche. The district oversees eight elementary schools located throughout the city. After elementary school, the district offers a singular pipeline that includes Sunnyside Intermediate for fifth and sixth grade and Tecumseh Junior High for seventh and eighth grade, both earning a B-minus. Jefferson is the district's highly-rated high school, earning an A-minus. Jefferson offers arts, sports and early college experiences through Advanced Placement and Dual Enrollment courses.

Purdue University is just across the river in West Lafayette and is one of the top 10 public universities in the country, according to the Wall Street Journal. Purdue has a total enrollment of nearly 50,000 students on campus and is known for its engineering programs. Forbes ranked the school fifth on its list of most STEM undergraduate degrees awarded compared to other schools nationwide.

Purdue University is just over the Wabash River from Lafayette, Indiana.
Purdue University is just over the Wabash River from Lafayette, Indiana.
Purdue University has a lot to offer Jesco Hills Estates students looking for higher education.
Purdue University has a lot to offer Jesco Hills Estates students looking for higher education.
The residents of Sunnyside love to support Purdue basketball and football.
The residents of Sunnyside love to support Purdue basketball and football.
Jesco Hills Estates is just up the road from Purdue University.
Jesco Hills Estates is just up the road from Purdue University.
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Easy commutes via I-65, CityBus and Amtrak

With Interstate 65 nearby, Lafayette residents can quickly get around Indiana. The city is approximately 63 miles northwest of Indianapolis and 24 miles southeast of Chicago. Lafayette's CityBus system provides 22 bus routes that connect residents throughout the city and to West Lafayette for a cost of $1 per ride. There are also day passes, month passes and semester passes, with discounts for students, children and those over 65. An Amtrak station in the city offers limited service on the Cardinal Route, which runs from New York to Chicago but only has trains every three days. Indiana University Health and Franciscan Health both offer emergency medicine and a variety of other medical services on the city's east side.

Lafayette Police Department partnership addresses gun violence

Lafayette has higher-than-average violent and property crime rates. According to FBI data, in 2019 Lafayette's violent crime rate was 485 crimes per 100,000 people, while the U.S. average was 364. For the same year, Lafayette's property crime rate was 3,290 crimes per 100,000 people, while the national average was 2,110. Early in 2024, the Lafayette Police Department and the Tippecanoe County Prosecutor's Office launched the Major Crimes Unit, aimed at lowering gun violence in the city.

Liz Coughlin
Written By
Liz Coughlin
Jace Hirosky
Photography Contributed By
Jace Hirosky
Kyo Nguyen
Video By
Kyo Nguyen

Interested in learning more about homes in this area? Reach out to Ryan Clemons, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Lafayette Housing Trends

Housing Trends

Median List Price
$220,000
Median Sale Price
$216,000
Median Single Family Sale Price
$218,999
Median Townhouse Sale Price
$185,500
Median 2 Bedroom Sale Price
$180,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
585
Median Home Sale Price YoY Change
10%
Average Price Per Sq Ft
$145

Area Facts

Number of Homes in Neighborhood
7,585
Number of Homes for Sale
91
Median Year Built
2009
Months of Supply
1.90
Average Single Family Home Size Sq Ft
1,673
Below the national average
1,925
Average 2 Bedroom Size Sq Ft
1,455
Average 1 Bedroom Size Sq Ft
1,083
Median Lot Size Sq Ft
6,534

Open Houses

  • Sunday, Sep 14

    318 Thames Ave, Lafayette, IN 47909

    $294,900

    • 4 Beds
    • 2 Baths
    • 1,616 Sq Ft
    • 318 Thames Ave

    Stop Scrolling—This One’s Got You Written All Over It! From the curb, this home looks like your classic ranch... but step inside and BAM—space, style, and surprises at every turn. This 4-bedroom, 2-bath tri-level is the definition of “don’t judge a book by its cover.” ? Why You’ll Love It: New roof (2019) ?? Fresh flooring throughout ?? Light, modern finishes ?? Fully remodeled lower-level

    Agent Photo
    Chuck Bear
    eXp Realty, LLC
    (765) 723-6910
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  • Wednesday, Sep 17
    Open Wed 4PM - 6PM

    2584 N 500 E, Lafayette, IN 47905

    $514,000

    • 3 Beds
    • 2.5 Baths
    • 1,988 Sq Ft
    • 2584 N 500 E
    • New 2 days ago

    Set on just over 2 acres in east Tippecanoe County, this custom-built 2022 home offers nearly 2,000 square feet of modern comfort and thoughtful design. Surrounded by mature trees and a peaceful wooded backdrop, the property provides both privacy and convenience. Inside, a welcoming foyer flows into a vaulted great room, where natural light fills the open living, dining, and kitchen spaces. The

    Kellie Dussault Keller Williams Lafayette

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  • Sunday, Sep 14
    Open Sun 12PM - 2PM

    711 S 27th St, Lafayette, IN 47904

    $215,000

    • 3 Beds
    • 2 Baths
    • 1,248 Sq Ft
    • 711 S 27th St
    • New 6 days ago

    Welcome home to this sweet 3 bed/2 bath bungalow in the heart of Lafayette. With just over 1200 sq ft this home is perfect for enjoying the simple pleasures -- morning coffee on the front porch, dinners in the spacious dining room, and relaxing evenings in the cozy living room. A partial unfinished basement allows for extra storage as well as the back enclosed porch and detached garage. Classic

    Lindsey Deno F.C. Tucker/Shook

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Lafayette

Property Mix - Square Feet

Lafayette Has More Renters

Demographics

Total Population
72,137
Median Age
34
Population under 18
25.9%
On par with the national average
23.8%
Population over 65
15.3%
On par with the national average
19.1%

Finances

Median Household Income
$48,070
Significantly below the national average
$71,702
Average Household Income
$61,273

Education and Workforce

High School Graduates
89.8%
College Graduates
29.3%
On par with the national average
34.1%
Advanced Degrees
10.5%
% Population in Labor Force
70.4%
Above the national average
65.1%

Weather

Annual Precipitation
40''
Average Winter Low Temperature
17°F
Average Summer High Temperature
83°F
Annual Snowfall
7''

Area Factors

Somewhat Bikeable

Bike Score®®

37 / 100

Car-Dependent

Walk Score®®

35 / 100

Some Transit

Transit Score®®

31 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Lafayette
Ryan Clemons
Redlow Group
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