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MN area data

Lafayette, MN

Lafayette, MN.

Population: 853 (Census ACS)

Home values & appreciation

Median home value
$257,254
1-year appreciation
+8.1%
3-year appreciation
+20.7%
5-year appreciation
+35.3%
10-year appreciation
+101.5%
All-time peak (2026-06)
$257,358
House Price Index
429.3 (+3.3% YoY)

Market activity

1-year forecast
+1.9%

Affordability

Cost of living index (Below Average)
90.0 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
1
Elementary schools
1
Middle schools
0
High schools
0
Charter schools
1

Natural hazards & flood risk

Overall hazard risk
Relatively Low
Top hazards
strongWind, coldWave, hail, winterWeather

Climate (30-year normals)

Annual precipitation
37.0 in

Amenities

Nearest airport
Hay Shakers Airport (7 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
EV charging stations (within 10 mi)
6
Solar radiation rating
Fair (3.8 kWh/m²/day)

Migration

Net migration
-45 tax filers

Housing stock

Median year housing built
1,953
Median annual property tax
$2,280
Mean commute to work
21 min
Households with broadband internet
68.6%

Employment & development

Total county employment
11,926
Average weekly wage
$975
Top industries (by employment)
Accommodation & Food, Wholesale Trade, Other Services
Annual residential building permits (county)
42

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents