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Foreclosure Homes in La Fayette, AL

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Foreclosure Homes in La Fayette, AL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the La Fayette, AL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in La Fayette, AL and much more. Save thousands at closing with home foreclosure listings in La Fayette, AL — up to 75% off market value!


Top Reasons To Live In La Fayette, AL In 2022

La Fayette is located in Chambers, Alabama, with an estimated municipal population of 2,910 residents. All of the best foreclosed homes for sale in La Fayette are located in the following zip code areas on Foreclosure.com: 36862. The estimated population per square kilometer (.62 miles) in La Fayette is 126.


Cost Of Living In La Fayette, AL

So, about how much do homes cost in La Fayette? The most recent median value of resident-owned homes in La Fayette is 108,116. An estimated 62.6 percent of households in La Fayette own their homes, with an average family size of 3.55. The median household income in La Fayette is 31,134, with11.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in La Fayette, the median commute time of resident workers (in minutes) is 25.5. And last, but certainly not least, are you looking for homes to rent in La Fayette? If so, the average rent price paid by renters in La Fayette is 558, according to recent statistics.


Diversity And Demographics In La Fayette, Alabama

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to La Fayette, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in La Fayette is 41.8, split between 44.4 percent male versus 55.6 female. The percentage of residents who report being married in La Fayette is 31.3, with an average family size of 3.55.

The percentage of residents who report their race in La Fayette is as follows:

White 35.5%
Black / African American 61%
Asian 1.3%
American Indian / Alaskan Native 0.5%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 1.7%

Looking for family-friendly neighborhoods in and/or near La Fayette? Or maybe you are searching for 55+ active adult communities in and/or near La Fayette?

The percentage of residents who report their age in La Fayette is as follows:

Under 10 12.7%
Aged 10-19 13.8%
20s 10.4%
30s 11.7%
40s 14.6%
50s 16.1%
60s 11.4%
70s 4.6%
80+ 4.6%

Best Schools In La Fayette, Alabama

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in La Fayette with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in La Fayette.


Pros And Cons Of Living In La Fayette, Alabama

How do you know that living in -- or moving to -- La Fayette is right where you need to be? Perhaps you grew up in La Fayette or already live nearby; therefore, the decision to buy a home in La Fayette is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to La Fayette for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in La Fayette:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like La Fayette.


Reasons To Move To La Fayette, Alabama, In 2022

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in La Fayette can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in La Fayette, meanwhile, can field multiple offers from more qualified buyers.

La Fayette, AL Foreclosures


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