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Lafayette, MN Foreclosures

Current Market Conditions in in Lafayette, MN As of February 2026?
Over the past month, Lafayette's real estate market has seen a steady increase in home listings, indicating that sellers are becoming more optimistic about the market. Properties that are well-priced continue to receive interest, with several homes selling within weeks. However, inventory remains relatively low, which continues to keep prices stable compared to larger metropolitan areas.
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 2 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 small town that offers a friendly community atmosphere and a variety of outdoor activities. With its scenic beauty and close-knit community, Lafayette is perfect for those seeking a peaceful lifestyle. Residents enjoy local amenities and the charm of rural Minnesota living.

Buyer vs Seller Market in Lafayette, MN

The real estate market in Lafayette reflects the characteristics of small-town living, with an emphasis on affordability and community. Homes in the area tend to be more affordable than in urban settings, attracting families and retirees alike. Recent trends have shown slight increases in property values, as more individuals look to escape the hustle and bustle of city life for the tranquility offered here.

As many people continue to seek out space and comfort away from crowded cities, Lafayette is experiencing a gradual increase in real estate interest. This upsurge suggests a healthy market with opportunities for both buyers and sellers.

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.

Lafayette, MN Search Results


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