Housing in Lafayette, MN

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Zillow — January 2026

Zillow Home Value Index

$241,449

Lafayette vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Lafayette is highlighted.

Median Home Value

38th%ilemost expensive$142,700show rank

Median Rent

20th%ilemost expensive rent$725show rank

Rent Burden

2nd%ilehighest rent burden9.1%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$142,700

Median Rent

$725

Total Housing Units

211

Vacancy Rate

18.5%

Owner Occupied

91.3%

Renter Occupied

8.7%

Median Property Tax

$1,936

per year

Monthly Cost (w/ Mortgage)

$1,151

Housing Types

Single Family

90.5%

Multi-Family

4.3%

Mobile Home

5.2%

The median home value in Lafayette, MN is $142,700. According to Zillow, the home value index for Lafayette is $241,449. The median rent is $725 per month (Census ACS). About 91.3% of housing units are owner-occupied. The median year homes were built is 1951. There are 211 total housing units.