Lafayette IN Real Estate
Lafayette is a beautiful community located in Tippecanoe County, Indiana. Most notably, Lafayette's neighbor city West Lafayette is the home of Purdue University, making it a wonderful community for families who want to live in a community geared towards high standards of education. Besides the university, there are many great features making Lafayette a great place to look for your new home. Lafayette has many arteries for traffic including Highway 52, Sagamore Parkway, which runs through the city, and Indiana State Road 26, which runs through the city east to west. Interstate 65 is also in close proximity, located just east of the city. Average commute time for residents in Lafayette from home to work falls between 10 to 20 minutes.
Lafayette is a decently populated city; it has grown over the last decade and currently has a population of around 67,000 people. Lafayette is also a relatively young city with a median age of about 32 years. The state's overall median age is 40 years. The city's youth could easily be attributed to the draw of many younger adults to the university.
Household income in Lafayette falls below the State of Indiana's estimated household income. Amongst the State of Indiana, median household income is estimated to fall around $45,000. In Lafayette, the median household income is about $35,000. And just as median household income falls below state average, so too do the city's house values. The median house value in Lafayette is estimated to be about $98,000 when compared to the state's average of $123,000. The values of housing units differ from single residential homes at $120K to townhouses around $141K and multiple unit structures from $80K to $130K.
The largest demographic in Lafayette, Indiana is Caucasian, who make up over 75% of the city's population. The largest minority group in Lafayette is Hispanic, followed by African American, and Asian. Hispanics make up about 12% of Lafayette's population and African Americans about 6%.
Over 80% of Lafayette residents have a high school diploma, while over 20% have a bachelor's degree and over 9% have a graduate degree. With the nearness of Purdue University, the largest industrial employer for Lafayette residents is educational services. Other services that provide the majority of employment in Lafayette include transportation, construction, food services, healthcare, finance, and professional services.
If you are looking to move to a community with close medical centers, Lafayette has four to offer. The main hospital is Indiana University Health Arnett Hospital. There is also St. Elizabeth Central, St. Elizabeth East, and Unity Healthcare. The hospital and St. Elizabeth Central and East provide emergency services.
Lafayette offers many opportunities for higher education. There are a number of universities, colleges, and educational opportunities near or around Lafayette. The most notable is Purdue University's main campus. However, there are also Ivy Tech Community College, Harrison College, Saint Elizabeth School of Nursing, and the Lafayette Beauty Academy.
Lafayette - Indiana
There is more to Lafayette than just its demographic and educational opportunities. There are two parks in Lafayette – residents enjoy outdoor recreation at either Columbian Park or Murdock Park. You can also explore the Historic Five Points Fire Museum, the Art Museum of Greater Lafayette, or enjoy shopping at different shopping centers around the city.
If you are interested in finding a new home in Lafayette, please contact us at Coldwell Banker Shook. Our experts are ready and waiting to help you find the perfect piece of Lafayette Real Estate. Contact us today, and you'll be that much closer to finding your new home.