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Lafayette, MN
Full City Profile · Minnesota · Nicollet County County
3.4
/5.0
B
Good
478
Population
379/sq mi density
$95,500
Median Income
$37,980 per capita
$142,700
Home Value
$246,085 Zillow
$725
Median Rent
18.8% income on rent
44°F
Avg Temperature
270 sunny days/yr
69
Violent Crime/100K
2,002 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$95,500 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$142,700 home value, $725/mo rent
F
Safety
1.0 / 5.0
69 violent crimes/100K
C+
Education
2.7 / 5.0
21.8% bachelor's degree or higher
Housing Overview
Median Home Value
$142,700
49% below
US avg: $281,900
Median Rent
$725/mo
38% below
US avg: $1,163/mo
Homeownership Rate
91.3%
40% above US avg (65.4%)
Total Housing Units
223
Median year built: 1957
Home Value by Source
Census Median
$142,700
Zillow (ZHVI)
$246,085
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
91.3%
Owner-Occupied
8.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$725/mo
Affordability & Housing Stock
Rent Burden
18.8%
of renters spending 30%+ of income on housing
39% below US avg (31.0%)
Median Year Built
1957
Average age of housing stock: 69 years
Homeownership Rate
91.3%
Complete Housing Data
Home Values
| Census Median Value | $142,700 |
| Zillow Home Value (ZHVI) | $246,085 |
Rent
| Census Median Rent | $725 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
Ownership & Stock
| Owner-Occupied | 91.3% |
| Renter-Occupied | 8.7% |
| Homeownership Rate | 91.3% |
| Total Housing Units | 223 |
| Median Year Built | 1957 |
| Rent Burden | 18.8% |