Lafayette, MN Foreclosures
How much do homes sell for in Lafayette, MN?
The average home price is currently $410,231.
In Lafayette, MN, how many homes are available?
There are currently 1 active home listings available in Lafayette.
What’s the average rental cost in Lafayette, MN?
The average rental price in Lafayette is $1,555.
What is the most expensive home in Lafayette?
The most expensive home sold in Lafayette had a price of $2,968,841.
What is currently the cheapest priced home in Lafayette, MN?
The cheapest home for sale in Lafayette is priced at $15,992.
Living in Lafayette, MN
Lafayette, MN, is a quaint town that embodies the essence of rural America with its friendly community and beautiful surroundings. It is ideal for those looking for a peaceful lifestyle while still being within an easy reach of larger urban areas. The town offers a mix of outdoor activities, local amenities, and a supportive community vibe.
Buyer vs Seller Market in Lafayette, MN
The real estate market in Lafayette, MN, has shown steady trends over the past few months, with home prices gradually increasing as demand remains consistent. The low inventory of homes for sale has created a competitive market, attracting both local buyers and those from neighboring areas looking for affordable housing options.
With a strong community focus, Lafayette continues to be popular among families and retirees. The average home price has seen moderate growth, indicating a healthy market. Properties in this region are known for their spacious lots and rural charm, appealing to buyers seeking tranquility.
Home Value Estimator For Lafayette, MN
There are currently 393 real estate properties
in Lafayette, MN,
with a median automated valuation model (AVM) price
of $231,665.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lafayette, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Lafayette, MN,
is $410,231.00, with the most expensive house
in Lafayette, MN, topping out
at $2,968,841.00 and the cheapest home
in Lafayette, MN,
clocking in at $15,992.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lafayette, MN!
Rent Prices
In Lafayette, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lafayette, MN, is on
a rollercoaster ride. The
average rent price in Lafayette, MN,
is $1,555.00. Indeed, when looking to rent in
Lafayette, MN, you can expect to pay as little
as $800.00 or as much
as $3,200.00,
with the average rent median estimated to
be $1,410.00. The good news is that finding
an affordable and desirable property to rent in Lafayette, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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