Located at the centermost point of Tippecanoe County, the city of Lafayette, Indiana is filled with countless historic attributes. The city started as an industrial hub in the mid-1800s, serving as a shipping and trade center. Today, industrial manufacturers continue to be a leading economic staple, employing thousands of Lafayette residents. Unique 19th Century architecture can be found in structures throughout Lafayette’s nine historic districts, admired by both residents and tourists visiting the city.
The Wabash River separates Lafayette from West Lafayette, home to Purdue University. Locals in the Lafayette Metro area are proud to support Purdue, most prominently at their Big Ten sporting events. Purdue employees about 3,000 Lafayette residents and hosts approximately 43,000 students per year. Some Purdue students relocate to Lafayette post grad to continue research endeavors facilitated by the university at the Discovery Park research campus.
Steady population growth and increased industrial expansion has created a higher demand for homes in the Lafayette Metro housing market, which has resulted in several new construction developments being built. The median sale price of a single-family home currently averages at $189,900. In the past 12 months, there have been 2,230 sales transactions in Lafayette Metro with 250 of those being sold last month alone. This month there are 212 homes listed for sale, up from 94 homes listed in August 2019. The current average days on market (DOM) is 21 days, comparable to an average DOM of 26 days in August 2019.