Lafayette, IN 47905 Commercial Properties For Sale
The median home value in Lafayette, IN 47905 is $237,900. This is lower than the county median home value of $238,400. The national median home value is $338,100. The average price of homes sold in Lafayette, IN 47905 is $237,900. Approximately 58.02% of Lafayette, IN 47905 homes are owned, compared to 36.73% rented, while 5.25% are vacant. Lafayette, IN 47905 real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Lafayette, IN 47905 real estate agent to arrange a tour today!
Learn More About Lafayette, IN 47905 Real EstateStatistics & facts
41,243
Population
$237K
Medium Home Value
17,398
# of Households
5.25%
Housing Vacancy
44.37%
Future Job Growth
2.30%
Unemployment Rate
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Population
Lafayette, IN 47905 has a population of approximately 41,243 and experiences a population change rate of 15.00%. The population density is 345.4 / sq mi.
Household
The median household income for Lafayette, IN 47905 is $58,314, with 17,398 households and an average household size of 2.4.
Cost of Living
The cost of living index in Lafayette, IN 47905 is 87.7%.
Home Value
The median value of a home in Lafayette, IN 47905 is $237,900 with an appreciation rate of 14.6%. 58.0% of housing in the zip code is owned while 36.7% is rented.
Employment
The unemployment rate in Lafayette, IN 47905 is 2.30%, and recent job growth is at -1.20%. Future job growth is projected at 44.37%.
Taxes
The sales tax rate in Lafayette, IN 47905 is 7.00%, while the income tax rate is 3.23%.
Education
School expenditures in Lafayette, IN 47905 are $13,232, and the school ratio is 15.5:1.
Weather
The average high temperature in July is 86.5 degrees, with an average low temperature in January of 16.8 degrees. The average rainfall is approximately 37.9 inches per year, with 19 inches of snow per year.
Education near Lafayette IN, 47905
| Metric | City | County |
|---|---|---|
| High School Graduates | 89.93 | 92.58 |
| College Degree - 2 year | 7.7 | 7.67 |
| College Degree - 4 year | 28.91 | 40.61 |
| Graduate Degree | 7.39 | 11.71 |
| Expenditures per Student | $13,232 | $13,232 |
| Students per Teacher | 15.50 | 15.50 |
Elementary Schools near Lafayette IN , 47905
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Dayton Elementary School | KG - 05 | 390 | 19.5 | 47941 |
| Glen Acres Elementary School | KG - 04 | 457 | 16.3 | 47905 |
| Hershey Elementary School | KG - 05 | 543 | 23.6 | 47905 |
| Murdock Elementary School | KG - 04 | 245 | 16.3 | 47904 |
| New Community School | KG - 08 | 245 | 11.6 | 47904 |
| Rossville Elementary School | KG - 05 | 439 | 17.6 | 46065 |
| Thomas Miller Elementary School | KG - 04 | 412 | 16.5 | 47905 |
| Vinton Elementary School | KG - 04 | 454 | 17.5 | 47904 |
| Wyandotte Elementary | KG - 05 | 426 | 21.3 | 47905 |
Middle Schools near Lafayette IN , 47905
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| East TIPP Middle School | 06 - 08 | 465 | 20.2 | 47905 |
| Lafayette Sunnyside Intermediate | 05 - 06 | 1060 | 17 | 47904 |
| Lafayette Tecumseh Junior High School | 07 - 08 | 1067 | 15.1 | 47905 |
| Rossville Middle School | 06 - 08 | 254 | 11.6 | 46065 |
| Southwestern Middle School | 06 - 08 | 448 | 19.5 | 47905 |
| Wainwright Middle School | 06 - 08 | 315 | 16.6 | 47905 |
High Schools near Lafayette IN , 47905
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Jefferson High School | 09 - 12 | 1935 | 15.1 | 47905 |
| Rossville Middle/Senior High School | 06 - 12 | 580 | 14.9 | 46065 |
| The Excel Center - Lafayette | 09 - 12 | 287 | 25.8 | 47904 |
