Home prices
The cost of the median home in Lafe is $57,800. Compared to nearby areas this is roughly $22,520 (28%) lower.It is roughly $159,700 (73%) lower in comparison to the nation as a whole, and in comparison to the city of Memphis it is roughly $44,000 (43%) lower.
Rents
The median rent in Lafe is $700 a month. In comparison to its surrounding areas this is roughly $46 (7%) higher.In comparison to the nation as a whole it is roughly $362 (34%) lower, and in comparison to the city of Memphis it is about $201 (22%) lower.
Nearby places
Oak Grove Heights
Oak Grove Heights is about 5 miles south from Lafe. Real estate prices there are significantly more expensive. Oak Grove Heights's median home value is $107,300, which works out to $49,500 (46%) higher than Lafe. The rent there is pretty similar. The median rent in Oak Grove Heights is $696 a month, which is very similar to Lafe.
Marmaduke
Marmaduke is approximately 5 miles east of Lafe. Its real estate prices are somewhat more expensive. The median home in Marmaduke costs $70,600, which is $12,800 (18%) higher than Lafe. Its rents are fairly similar. In Marmaduke the median monthly rent is $704, which is very similar to Lafe.
Knobel
Knobel is approximately 9 miles northwest of Lafe. The real estate prices there are significantly less expensive. The median home in Knobel costs $26,900, which works out to $30,900 (114%) lower than Lafe. The rent there is somewhat less expensive. In Knobel the median rent is $663 a month, which works out to $37 (5%) lower than Lafe.
Rector
Rector is roughly 10 miles east of Lafe. The housing prices there are somewhat more expensive. The median home in Rector costs $67,700, which is $9,900 (14%) higher than Lafe. The rent there is significantly less expensive. Rector's median monthly rent is $490, which is $210 (42%) lower than Lafe.
Paragould
Paragould is roughly 10 miles south of Lafe. The real estate prices there are a lot more expensive. The cost of the median home in Paragould is $129,100, which works out to $71,300 (55%) higher than Lafe. The rent there is similar. In Paragould the median monthly rent is $716, which is $16 (2%) higher than Lafe.
