Lafayette County, Florida Housing Market Prices
Lafayette County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 78% below the Florida median Cheaper than 91% of counties in Florida$67,499
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Median rent 46% below the Florida median Cheaper than 80% of counties in Florida$895
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lafayette County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $67,499 | $311,338 | $248,835 |
| Price Trend (Annual %) | -6.7% | 11.2% | 7.5% |
| Median Gross Rent | $895 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lafayette County is about 78% lower than in Florida. Rent is about 46% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Lafayette County: home prices fell about 6.7% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
Median rent in Lafayette County rose about 63.6% between 2015 and 2024, from $547 to $895. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Lafayette County.
Buying the median-priced home in Lafayette County costs roughly 6.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lafayette County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Lafayette County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $67,499 | $311,338 | $248,835 |
| Median Household Income | $62,193 | $74,580 | $80,455 |
| Price-to-Income Ratio | 1.1 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Lafayette County fell about 37.8%, while median household income rose about 27.3% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lafayette County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.7% | 57.7% | 58.5% |
| Rental Rate | 18.0% | 27.7% | 31.2% |
| Vacancy Rate | 21.4% | 14.6% | 10.2% |
| Median Tenure (years) | 17.0 | 13.0 | 15.0 |
| Median Year Moved In | 2009 | 2013 | 2011 |
Lafayette County has a homeownership rate of 60.7%, higher than the Florida average of 57.7%. Its housing vacancy rate is 21.4%, compared with 14.6% in Florida.
Housing Stock
| Metric | Lafayette County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1990 | 1988 | 1978 |
| Median Number of Rooms | 5.3 | 5.2 | 5.5 |
The typical housing unit in Lafayette County was built around 1990. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Lafayette County, FL Housing Compared With Nearby Counties
Lafayette County, FL is the smallest of the 4 counties compared here, 8,161 residents against a local median of 21,503. Lafayette County, FL's median home price, at $67,499, runs 43% below the $119,374 typical of the counties around it.
The counties themselves spread $137,327 on median home price, so Lafayette County, FL sits at one end of an already wide local range rather than apart from it. Lafayette County, FL has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lafayette County, FL | 8,161 | $67,499 #4/4 | $895 #2/4 | 77.2% #2/4 |
| Suwannee County, FL | 45,342 | $236,240 | $883 | 74.9% |
| Dixie County, FL | 17,058 | $98,912 | $694 | 84.7% |
| Taylor County, FL | 21,503 | $119,374 | $987 | 76.0% |
Frequently Asked Questions
Common questions about the housing market in Lafayette County, Florida.
What is the median home price in Lafayette County, Florida?
The median home price in Lafayette County, Florida is $67,499, lower than the Florida average of $311,338.
What is the average home price in Lafayette County, Florida?
The typical home price in Lafayette County, Florida, reported as the median sale price, is $67,499. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lafayette County, Florida?
The median gross rent in Lafayette County, Florida is $895 per month, lower than the Florida average of $1,668.
What was the median gross rent in Lafayette County in 2020?
In 2020, the median gross rent in Lafayette County, Florida was $637 per month.
What is the price-to-rent ratio in Lafayette County, Florida?
The price-to-rent ratio in Lafayette County, Florida is about 6.3, meaning it would take roughly 6.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lafayette County.
Are home prices or rent rising faster in Lafayette County, Florida?
Home prices and rent are moving in opposite directions in Lafayette County: home prices fell about 6.7% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Lafayette County, Florida?
60.7% of households in Lafayette County, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Lafayette County, Florida?
The housing vacancy rate in Lafayette County, Florida is 21.4%, higher than the Florida average of 14.6%.
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