Welcome to our 47906 real estate data hub, tailored for investors in West Lafayette, IN. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 47906 in West Lafayette, IN. Discover Section 8 housing opportunities and challenges to maximize your investment potential in TIPPECANOE COUNTY.
Leverage our comprehensive, zip code-specific data to excel in West Lafayette, IN real estate investing. Uncover the wealth of information available, and position yourself for success in the West Lafayette property market.
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Location Overview
- Zip Code: 47906
- City: West Lafayette
- State: IN
- Metro Area: Lafayette-West Lafayette, IN
- County Name: TIPPECANOE COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $313,237
- Average Home Price (Single Family Homes): $319,033
- Average Monthly Rental Price (All Types): $1,631
- Price-to-Rent Ratio: 16
- Zillow Projected % appreciation from 4/2023-4/2024: 1.8%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,110
- Average 3 Bedroom Section 8 Rental Rates: $1,370
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 23.52
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 19.05
- Number of Units Offered in Section 8 in the County: 1394
- Number of Occupied Units in Section 8 in the County: 1312
- Percentage of Section 8 Units Occupied in the County: 94.09999847%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 168.04
- Total % Appreciation since 2000 (Government Data): 93.27
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.19%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.38%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 28.1%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 43.2%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 86.68%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 85.03%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -0.76%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 16.04%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 27.15%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 40.41%