Lafayette, IN home prices
Typical home $283,136 · +2.9% in a year · income needed $77,600
The Lafayette, IN metro area ranks 357 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.9% in a year and +31.4% over five years. With 20% down at 7.11%, the typical home costs about $1,811 a month including 0.62% property tax (Tippecanoe County rate).
Mortgage on the typical Lafayette home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $56,627 | $226,509 | $1,524 | $0 | $287 | $1,811 | $77,600 |
| 10% down | $28,314 | $254,823 | $1,714 | $106 | $287 | $2,107 | $90,300 |
| 5% down | $14,157 | $268,980 | $1,809 | $112 | $287 | $2,208 | $94,600 |
| 3.5% down (FHA) | $9,910 | $278,008 | $1,870 | $125 | $287 | $2,282 | $97,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.62% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Lafayette area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Tippecanoe County, IN | $296,588 | +2.4% | 0.62% |
| Carroll County, IN | $242,285 | +5.6% | 0.56% |
| Benton County, IN | $203,022 | +3.5% | 0.77% |
| Warren County, IN | $229,621 | +3.5% | 0.5% |
What can you afford in Indiana on your salary? · Indiana home prices · Salaries in Indiana
Frequently asked questions
How much is a house in Lafayette?
The typical home in the Lafayette, IN metro area is worth $283,136 (Zillow, September 2026).
What salary do you need to buy a house in Lafayette?
About $77,600 a year for the typical home with 20% down at 7.11%.