Home prices
The median home cost in Lafayette is $93,900. Compared to other places in this area this is approximately $33,880 (26%) lower.In comparison to the rest of the nation it is approximately $123,600 (56%) lower, and it is approximately $157,700 (62%) lower compared to the city of Minneapolis.
Rents
The median monthly rent in Lafayette is $763. In comparison to nearby areas this is about $65 (9%) higher.It is about $299 (28%) lower in comparison to the US as a whole, and it is about $264 (25%) lower in comparison to the city of Minneapolis.
Nearby places
Winthrop
Winthrop is about 6 miles north from Lafayette. Its housing prices are somewhat more expensive. The value of the median home in Winthrop is $111,000, which comes out to $17,100 (15%) higher than Lafayette. Rents there are a bit less expensive. Winthrop's median monthly rent is $648, which is $115 (17%) lower than Lafayette.
Gibbon
Gibbon is about 7 miles northwest from Lafayette. The housing prices there are a lot less expensive. The cost of the median home in Gibbon is $68,700, which works out to $25,200 (36%) lower than Lafayette. The rent there is a bit less expensive. Gibbon's median rent is $638 per month, which is $125 (19%) lower than Lafayette.
New Ulm
New Ulm is approximately 9 miles south of Lafayette. Real estate prices there are significantly more expensive. The median home cost in New Ulm is $141,300, which is $47,400 (33%) higher than Lafayette. Rent there is a bit less expensive. New Ulm's median monthly rent is $643, which is $120 (18%) lower than Lafayette.
Gaylord
Gaylord is approximately 10 miles northeast from Lafayette. Its real estate prices are a little more expensive. The median home cost in Gaylord is $123,100, which works out to $29,200 (23%) higher than Lafayette. The rent there is a little less expensive. Gaylord's median rent is $646 a month, which comes out to $117 (18%) lower than Lafayette.
Courtland
Courtland is about 11 miles south from Lafayette. Housing prices there are significantly more expensive. The median home price in Courtland is $194,800, which is $100,900 (51%) higher than Lafayette. Its rents are a bit more expensive. In Courtland the median monthly rent is $915, which is $152 (16%) higher than Lafayette.
