Lafayette, CA Real Estate Market
Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Date(s) & Update Frequency:
- Home Values, Rents: Reflects Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
Lafayette, CA Housing Market Trends
With a population of 25,044, 9,014 total housing units (homes and apartments), and a median house value of $2,028,002, Lafayette house prices are not only among the most expensive in California, Lafayette real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Lafayette, accounting for 74.87% of the city's housing units. Other types of housing that are prevalent in Lafayette include large apartment complexes or high rise apartments ( 13.81%), duplexes, homes converted to apartments or other small apartment buildings ( 6.31%), and a few row houses and other attached homes ( 4.34%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lafayette. Owner-occupied housing accounts for 73.21% of Lafayette's homes, and 62.04% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lafayette's housing was primarily built during this period, from the '40s through the '60s. A full 60.36% of the city's housing hails from this era. Other housing ages represented in Lafayette include homes built between 1970-1999 ( 25.85%) and housing constructed between 2000 and later ( 9.80%). There's also some housing in Lafayette built before 1939 ( 3.99%).
Lafayette Home Appreciation Rates
Some of the lowest real estate appreciation rates in America over the last ten years have been in Lafayette, where house values have increased just 50.06%, which is annualized rate of 4.14%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Lafayette appreciation rates have trailed the rest of the nation. In the last twelve months, Lafayette's appreciation rate has been 2.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lafayette were at 2.58%, which equates to an annual appreciation rate of 10.71%.
Relative to California, our data show that Lafayette's latest annual appreciation rate is lower than 70% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lafayette differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lafayette - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lafayette real estate investment or home purchase decisions.
Median Home Value
$2,028,002
Very High
for California
Very High
for nation
Number of Homes And Apartments:
9,014
CA
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$5,537 / per month