Lafayette Real Estate Market Conditions

  • Median sales price

    $176,500
    6.81% change since last quarter
  • # Active listings

    7
    30-day change

Lafayette Schools and Demographics

Education near Lafayette, MN

City County
High School Graduates 94.72 93.53
College Degree - 2 year 14.6 13.42
College Degree - 4 year 16.46 32.24
Graduate Degree 0.93 6.63
Expenditures per Student 11,723 14,113
Students per Teacher 15.5 14.5

Elementary Schools near Lafayette, MN

Grades Students P/T Ratio ZIP
G.F.W. El. PK - 04 276 13.4 55335
Jefferson Elementary School PK - 03 669 13.7 56073
Lafayette Public Charter School KG - 08 75 10.7 56054
Sibley East-Gaylord Elementary School PK - 06 378 13.7 55334
Starland Elementary School KG - 08 14 13.5 55335

Middle Schools near Lafayette, MN

Grades Students P/T Ratio ZIP
Sibley East-Gaylord Junior High School 07 - 09 308 16.8 55334
Washington Elementary School 04 - 06 419 15.7 56073

High Schools near Lafayette, MN

Grades Students P/T Ratio ZIP
G.F.W. High School 09 - 12 267 13.3 55396
New ULM High School 07 - 12 914 17.3 56073

Ungraded Schools near Lafayette, MN

Grades Students P/T Ratio ZIP
* River Bend Area Learning Center 07 - 12 48 5.2 56073
Imprints Program 02 - 12 42 6.2 56073
River Bend Early Childhood Prog. PK - PK 37 8.8 56073

Demographics near Lafayette, MN

City County
Neighborhood Type Rural
Population 450 33,477
Population Density 358 75
Median Age 43 36.3
People per Household 2.2 2.4
Median Household Income 60,000 62,593
Average Income per Capita 30,304 29,722

Lafayette Real Estate

The median home value in Lafayette, MN is $176,500. This is lower than the county median home value of $210,300. The national median home value is $219,700. The average price of homes sold in Lafayette, MN is $176,500. Approximately 68.27% of Lafayette homes are owned, compared to 14.46% rented, while 17.27% are vacant. Lafayette real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lafayette real estate agent to arrange a tour today!

Lafayette, Minnesota has a population of 450. Lafayette is less family-centric than the surrounding county with 28.67% of the households containing married families with children. The county average for households married with children is 33.4%.

The median household income in Lafayette, Minnesota is $60,000. The median household income for the surrounding county is $62,593 compared to the national median of $57,652. The median age of people living in Lafayette is 43 years.

Lafayette Weather

The average high temperature in July is 82.9 degrees, with an average low temperature in January of 5.7 degrees. The average rainfall is approximately 30.5 inches per year, with 39.1 inches of snow per year.