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Featured local agent — Lafayette, TN
Sarah Mitchell
Compass Real Estate · Lafayette, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lafayette, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$310,500median sale price
How is the Lafayette, TN housing market right now?
The median home sale price in Lafayette, TN is $310,500, up 10.9% year-over-year. Homes sell in an average of 73 days with 36 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lafayette a buyer's or seller's market?
Lafayette, TN is currently a leaning buyer's, based on 4.5 months of supply and homes selling in about 73 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
73
Average pace
Active listings
36
4.5 months supply
Sale-to-list
98.0%
Below asking
What does the Lafayette housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $310,500 |
| Median list price | $277,400 |
| Year-over-year price change | +10.9% |
| Average days on market | 73 days |
| Active inventory | 36 listings |
| Months of supply | 4.5 months |
| Sale-to-list price ratio | 98.0% |
| Median price per sq ft | $169/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 8 |
| Listings with a price cut | 25.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Lafayette by property type?
How the Lafayette, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $310,500 | $169/sq ft | 8 | 73 days |
| Condo / Co-op | $350,000 | $215/sq ft | 1 | — |
Source: Redfin · Updated monthly
The Lafayette housing market is currently classified as a leaning buyer's with a median sale price of $310,500. Prices have risen 10.9% compared to last year, with homes spending an average of 73 days on market, indicating 4.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.1x provides context for how home values compare to local earning capacity.
Homes for sale in Lafayette
There are currently 36 homes listed for sale in Lafayette, Tennessee. The median listing price is $277K.
Active listings
36
Homes on market
Median list price
$277K
Avg. days on market
73
Days until sale
New this week
8
Newly listed
Who lives in Lafayette?
Population
5,643
Median income
$44,924/yr
Median age
32.6 years
Owner-occupied
49.1%
College grads
12.5%
Avg commute
24.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Lafayette?
Zillow home value
$273,460
Price-to-income
6.1x
Source: Zillow Research
What is it like to live in Lafayette?
Lafayette is a community of approximately 6K residents with a median age of 32.6 years.The median household income is $44,924, which represents a working-class community with solid middle-income opportunities. 12.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 49.1%, showing a blend of owner and renter-occupied properties. The average commute time is 24.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lafayette offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lafayette?
5 schools tracked · 3,141 students
The largest public schools serving Lafayette, TN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Macon County High School
Grades 9-12 · 967 students
Macon County Junior High School
Grades 6-8 · 771 students
Fairlane Elementary
Grades PK-1 · 509 students
Central Elementary
Grades 2-3 · 450 students
Lafayette Elementary School
Grades 4-5 · 444 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lafayette, TN?
Want a head-to-head view? Compare Lafayette side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lafayette?
The median home sale price in Lafayette is $310,500, up 10.9% from last year.
How long do homes stay on market in Lafayette?
Homes typically spend 73 days on market before going under contract.
What is the median income in Lafayette?
The median household income is $44,924 per year.
Is Lafayette a buyer's or seller's market?
With 4.5 months of supply, Lafayette is currently a leaning buyer's.
What is the Zillow home value estimate for Lafayette?
The Zillow Home Value Index (ZHVI) for Lafayette is $273,460, representing the typical home value in the area.
What is the median condo price in Lafayette?
The median condo/co-op sale price in Lafayette, TN is $350,000, compared to $310,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lafayette?
The median single-family home price in Lafayette, TN is $310,500 (about $169 per square foot).
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