Lafayette Housing Market: House Prices & Trends
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Home prices are a reflection of many factors, including the supply of homes and the strength of the local economy (as reflected in the incomes of would-be homeowners currently in the market). Both in the Bay Area and elsewhere in the United States, demand has historically been quite strong. Given our region’s robust economy, limited supply of developable land and overall desirability as a place to live, it is no surprise that Bay Area home sale prices significantly exceed the national average. 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 71.03% of Lafayette's homes, and 61.82% have either three or four bedrooms, which is average sized relative to America. Zillow Home Value Index , built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
The booming economy has also contributed to rising home prices in San Francisco. There are currently 3 attached homes pending sale in Lafayette CA . The list price of these homes ranges from $399,000 to $587,500 and the median home price for attached homes pending sale in Lafayette CA is $449,000.
View houses in Lafayette that sold recently
The percentage of housing units in the city that are occupied by the property owner versus occupied by a tenant . The most prevalent building size and type in Lafayette are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.32% owning and 43.68% renting. Housing prices have increased in major metropolitan areas across America but, since 1997, the greatest percentage growth in home prices has been in the Bay Area.
The proportion of homes and apartments in the city built within a certain time period. Average market rent is exclusively developed by NeighborhoodScout. It reveals the average monthly rent paid for market rate apartments and rental homes in the city, excluding public housing. The most affordable housing options in the region are primarily located in inland communities.
Metro Comparison for Home Prices
110 of these are single family homes with a median list price of $1,197,500 for single family homes in Lafayette CA, although prices range from $374,900 to $2,875,000. 3 of these are attached homes with a median list price of $495,000, although prices range from $380,000 to $859,000. At the other end of the spectrum, median home prices in many Silicon Valley communities easily exceed $1 million. Palo Alto’s median home sale price has tripled since 1997 to well over $2 million, and the city now has the fastest growing home prices in the Bay Area.
Explore how many homes are likely to flood in nearby cities, compared to . Flood risk data is provided by Risk Factor™, a product of the nonprofit First Street Foundation. Risk Factor™ is a peer reviewed scientific model, designed to approximate flood risk and not intended to include all possible risks of flood. The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period. Notably, Lafayette's appreciation rate in the latest quarter is one of the lowest in America.
Historical Trend for Home Prices
The data reflect appreciation rates for the neighborhood overall, not necessarily each individual house in the neighborhood. There are currently 38 single family detached homes pending sale in Lafayette CA . The list price of these homes ranges from $449,900 to $1,800,000 and the median home price for single family homes pending sale in Lafayette CA is $974,000. There are currently 37 single family detached homes pending sale in Lafayette CA .
Lafayette is a quiet area with great shops, lots of open space and large estate. Even though it boasts quick access to the highway, in a matter of moments you find yourself among the trees and open space. Lafayette is a city in Contra Costa County, California, United States. It was named after the Marquis de La Fayette, a French military hero of the American Revolutionary War. Today Lafayette is known for its pastoral rolling hills, good schools, and wealthy inhabitants. In 2016, the median household income in Lafayette was over $140,000, more than twice the statewide average and about two and half times the national median.
Some of the hottest neighborhoods near Lafayette, CA are Buena Vista Area, Reliez Valley Area, Upper Happy Valley, Trails, Downtown Lafayette. Neighborhood appreciation rate data are based on transactions involving conforming, conventional mortgages. Only mortgage transactions on single-family properties are included.
In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lafayette were at 1.84%, which equates to an annual appreciation rate of 7.55%. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor. Single-family detached homes are the single most common housing type in Lafayette, accounting for 65.67% of the city's housing units. As of June 7th, 2009 there are currently 113 properties on the market in Lafayette CA.
Flood risk in Lafayette is increasing slower than the national average. Across the nation, 3% of homebuyers searched to move into Lafayette from outside metros. Discover and understand more about what you can expect for Lafayette, CA in terms of weather, education levels, income levels and more to get a better feel for the city.
The predominate size of homes in the city based on the number of bedrooms. Homes include single family houses as well as apartment and condominium units. NeighborhoodScout reveals the home appreciation rates for every city, town, and even most neighborhoods in America. With their mild climates, dynamic economies, and constrained housing markets, California’s top two metro areas lead the nation in home prices. Over the last two decades, the Bay Area has led the nation every single year, with recent data ranking Los Angeles number two.
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