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| On hilly, tree-lined streets surrounding downtown Lafayette are the city's oldest homes. Pride and preservation characterize these blocks. This and several other areas, such as the Centennial Neighborhood, appear on the National Register of Historic Places. |
| To the south and east of Lafayette are many of the area's newest developments. An expanding array of planned subdivisions, such as Wildcat Valley Estates and Kingswood, feature executive homes on wooded lots that span an acre or more |
Growth has always characterized the local housing market, and its traditional steady pace translates to strong property appreciation and brisk sales. The average price of a home sold in Lafayette - West Lafayette is $120,633, and the market has not slowed, despite
challenges in the greater economy. |
| Lafayette-West lafayette Housing Report |
Residential
Average Sale Price |
| 2000 |
$ 118,000 |
| 2001 |
$ 121,380 |
| 2002 |
$ 120,633 |
| Number of Residential Properties Sold |
| Under 5,000 square feet |
$5.00 - $7.00 per square foot |
| 5,000 to 10,000 square feet |
$5.00 - $6.00 |
| 10,000 to 20,000 square feet |
$4.50 - $5.50 |
| Over 50,000 square feet |
$3.50 - $4.50 |
| $8.00 - $15.00 |
per square foot |
| $5.00 - $19.00 |
per square foot |
| GB/NB Lots |
$250,000 and up |
| R3 Tracts |
$35,000 to $100,000 |
| Residential |
$15,000 to $25,000 |
| Tillable Land |
$2,700 to $3,400 |
| Under 5 acres |
$75,000 to $100.000 |
| 5-10 acres |
$50,000 to $75,000 |
| large tracts |
$18,000 to $30,000 |
| Source: 2002 F.C. Tucker State of Real Estate |
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