In Lafayette, a typical home is worth $213,900 and typical rent is $896 a month. Compared with all of Macon County, typical household income is 13% lower, typical rent is 6% higher, and the share of households that own their home is 25 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $208,507 to $265,266.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Lafayette is in Macon County. The FHA loan limit ($1,029,250 for a one-unit home), the fair market rents and the help on this page are those of all of Macon County. See the county
What this place has that others do not, from public data, most unusual first.
1
48% of households in Lafayette own their home, against 74% in Macon County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Lafayette
What homes there are in Lafayette, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Lafayette
Macon County
Tennessee
United States
Kind of home: Lafayette and its comparisons
Measure
Lafayette
Macon County
Tennessee
United States
Detached house
74%
70%
68%
61%
Attached house
Unreliable estimate
Unreliable estimate
4%
6%
Building of 2 to 4
13%
5%
6%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
14%
19%
Mobile home
Unreliable estimate
22%
8%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house rules in Lafayette: 74% of homes, more than in Macon County (70%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Lafayette
Macon County
Tennessee
United States
Year built: Lafayette and its comparisons
Measure
Lafayette
Macon County
Tennessee
United States
Before 1960
17%
14%
18%
26%
1960–1979
42%
24%
23%
24%
1980–1999
28%
30%
29%
25%
2000–2009
Unreliable estimate
17%
16%
14%
2010 or later
Unreliable estimate
15%
15%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K34%
$200K–$300K48%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Lafayette and its comparisons
Measure
Lafayette
Under $100K
Unreliable estimate
$100K–$200K
34%
$200K–$300K
48%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99950%
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Lafayette and its comparisons
Measure
Lafayette
Under $500
Unreliable estimate
$500–$999
50%
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,274 a month
Macon County: $1,348 a month
Without a mortgage
$347 a month
Macon County: $378 a month
Owners with a mortgage
49%
Macon County: 54%
In Lafayette, 49% of owners have a mortgage, and their typical cost is $1,274 a month, against $1,348 in Macon County. Without one it drops to $347.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Lafayette+123%
Macon County+96%
Tennessee+72%
United States+53%
Typical rent
Lafayette+26%
Macon County+26%
Tennessee+37%
United States+33%
Typical household income
Lafayette+67%
Macon County+58%
Tennessee+31%
United States+29%
Change since 2015–2019: Lafayette and its comparisons
Measure
Lafayette
Macon County
Tennessee
United States
Typical home value
+123%
+96%
+72%
+53%
Typical rent
+26%
+26%
+37%
+33%
Typical household income
+67%
+58%
+31%
+29%
From 2015–2019 to 2020–2024, the typical home value in Lafayette rose 123%; in Macon County, it rose 96%.
Rents in Lafayette rose at about the same pace as in Macon County: 26% since 2015–2019, against 26%.
While home values in Lafayette changed +123% and rent +26%, the typical household income rose 67%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Lafayette and its comparisons
Measure
Lafayette
Macon County
Tennessee
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
6.1%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.9%
0.9%
More than one person per room
Unreliable estimate
3.4%
2.2%
3.4%
People per household
2.86
2.76
2.45
2.53
Drive alone
81%
76%
76%
69%
Carpool
13%
16%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
0%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
1%
3%
Work from home
Unreliable estimate
6%
13%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
A household in Lafayette has 2.86 people on average, about the same as in Macon County (2.76).
To get to work, 81% of workers in Lafayette drive alone; in Macon County, 76%.
Do the math
What would you pay each month for a home in Lafayette?
A typical home costs more than the typical income allows
We start with a typical home in Lafayette, worth $213,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 39% of the typical household income in Lafayette, which is $51,736 a year. For that payment to be 28% of income, a household would need to earn about $71,983 a year.
The calculator's FHA and conventional loan limits are those of all of Macon County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Lafayette. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $7,487 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,680
at 7.18% · 30 years
Loan amount
$210,025
Total interest
$302,177
Paid off in
November 2056
Includes $3,612 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,207 a month
Tight
$1,207 to $1,552 a month
Hard
more than $1,552 a month
Your payment · 39%
Compared with the typical household income in Lafayette ($51,736 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,423
Property tax
$73
Home insurance
$89
FHA mortgage insurance (MIP)
$95
You need at least $7,487 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,680; principal and interest $1,423.
The city and its county
Lafayette and Macon County
Lafayette is in Macon County, Tennessee. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Lafayette
Map of Macon County, Tennessee, with Lafayette marked. Around it, the neighboring counties.
Lafayette
Macon County
Lafayette's own numbers
Typical home value
$213,900
Typical monthly rent
$896
Typical yearly household income
$51,736
Households that own their home
48%
Effective property tax rate
0.41%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Macon County
FHA limit, one-unit home
$1,029,250
Conventional limit, one unit
$1,029,250
HUD fair market rent, 2 bedrooms
$995
Price change over 5 years (FHFA)
+70%
Homes in a high flood-risk zone
1.8%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Macon County.
A typical home in Lafayette is worth $213,900: 5% below the county and 25% below Tennessee. With the typical household income in Lafayette ($51,736 a year), a typical home costs 4.1 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Lafayette4.1 years
Macon3.8 years
Tennessee4.1 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Macon County
According to FHFA’s house price index, home prices in Macon County rose 140% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Macon County.
Yearly change in FHFA’s price index in Macon County, 2016 to 2025
2016: +8.1% +8.1% 2016
2017: +5.8% +5.8% 2017
2018: +11.2% +11.2% 2018
2019: +7.1% +7.1% 2019
2020: +3.7% +3.7% 2020
2021: +15.8% +15.8% 2021
2022: +21.2% +21.2% 2022
2023: +8.9% +8.9% 2023
2024: +4.8% +4.8% 2024
2025: +6.2% +6.2% 2025
Change in FHFA’s price index in Macon County, Tennessee and the United States
Period
County
Tennessee
U.S.
Last year (2025)
+6.2%
+2.4%
+2.9%
5 years (2020–2025)
+70%
+60%
+47%
10 years (2015–2025)
+140%
+114%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Lafayette next to Macon County, Tennessee and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Lafayette$213,900
Macon$225,700
Tennessee$286,700
United States$332,700
Typical monthly rent
Lafayette$896
Macon$846
Tennessee$1,189
United States$1,413
Typical yearly household income
Lafayette$51,736
Macon$59,177
Tennessee$69,595
United States$80,734
See the full table
Lafayette next to Macon County and Tennessee
Measure
Lafayette
Macon County
Tennessee
U.S.
Typical home value
$213,900 ▼5% below the county
$225,700
$286,700
$332,700
Typical monthly rent
$896 ▲6% above the county
$846
$1,189
$1,413
Typical yearly household income
$51,736 ▼13% below the county
$59,177
$69,595
$80,734
Households that own their home
48% ▼25 points below the county
74%
67%
65%
Typical yearly property tax
$886
$874
$1,442
$3,119
Effective property tax rate
0.41% ▲0.02 points above the county
0.39%
0.5%
0.94%
Renters with high rent for their income
41% ▼1 points below the county
42%
49%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Macon County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Lafayette
For a typical $213,900 home in Lafayette, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lafayette's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,680a month
Least cash to close
Down payment
$7,487
Cash to close
$13,904
Rate
7.18%
Mortgage insurance
FHA MIP · $95
Conventional, 5% down$1,640a month
Down payment
$10,695
Cash to close
$17,112
Rate
7.18%
Mortgage insurance
PMI · $102
Conventional, 20% down, no PMI$1,321a month
Down payment
$42,780
Cash to close
$49,197
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,519a month
Down payment
$32,085
Cash to close
$38,502
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Lafayette
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,680
$7,487
$210,026
7.18%
FHA MIP · $95
$13,904
580
Conventional, 5% down
$1,640
$10,695
$203,205
7.18%
PMI · $102
$17,112
620*
Conventional, 20% down, no PMI
$1,321
$42,780
$171,120
7.18%
None
$49,197
620*
ITIN, 15% down (example)
$1,519
$32,085
$181,815
8.18%
None
$38,502
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Lafayette and for Macon County.
Property tax
Effective rate in Lafayette
0.41%of the home’s value each year
$886 a year for the typical owner in Lafayette.
Lafayette0.41%
Macon0.39%
Tennessee0.5%
What Tennessee publishesProperty tax relief for older, disabled and disabled-veteran homeowners (Tennessee Comptroller of the Treasury, 2026 Property Tax Relief Program brochure)
Typical rent in Lafayette is $896 a month: 6% above the county. In Lafayette, 41% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Macon County, by unit size. To pay the 2-bedroom one ($995 a month) without spending more than 30% of your income, you would need to earn $19.13 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Macon County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$877
$16.87
$35,080
1 bedroom
$914
$17.58
$36,560
2 bedrooms
$995
$19.13
$39,800
3 bedrooms
$1,319
$25.37
$52,760
4 bedrooms
$1,537
$29.56
$61,480
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Lafayette
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lafayette is in ZIP code 37083.
For 2 bedrooms it is $1,020: $25 more than the fair market rent for Macon County ($995).
Fair market rent by ZIP code and size in Lafayette, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
37083
$900
$940
$1,020
$1,350
$1,580
ZIP code2 bd3 bd
37083 $1,020$1,350
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lafayette when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 6 buildings with rents for lower incomes in Lafayette. These are the largest.
Lafayette Housing Authority301A Gann Ct, Lafayette 37083102 low-income homes · Run by Lafayette Housing Authority · Average payment: $498 a month · Average wait: 11 months(615) 666-2140
Lafayette Landing155 Lafayette Lndg, Lafayette 3708360 low-income homes · 1 bd: 6 · 2 bd: 42 · 3 bd: 12 · In service since 2016 · For families
Golden Oaks Village101 Golden Oaks Dr, Lafayette 3708357 low-income homes · 1 bd: 57 · In service since 2015 · For older adults
Lafayette Gardens2741 Days Rd, Lafayette 3708340 low-income homes · 1 bd: 20 · 2 bd: 20 · In service since 2011 · For older adults
Shenandoah Apartments1135 Shenandoah Drive, Lafayette 3708319 low-income homes · For older adults(931) 432-4111
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Macon County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Lafayette or Macon County. The ones below are statewide in Tennessee: they work in Lafayette the same as in the rest of the state.
Tennessee state agency help with the down payment and closing costs alongside the Great Choice mortgage: $6,000 or $10,000 forgivable over 10 years with no payments, or up to 5% of the price (maximum $15,000) as a 30-year second mortgage.Offered by Tennessee Housing Development Agency (THDA).
No legal help resource on our list is for Lafayette or Macon County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Lafayette and all of Macon County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Lafayette?
The typical home value in Lafayette is $213,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Macon County it is $225,700.
How much does it cost to rent in Lafayette?
Typical rent in Lafayette is $896 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Macon County is $995.
What is the FHA loan limit in Lafayette?
Lafayette uses the FHA limit for all of Macon County (2026): $1,029,250 for a one-unit home and $1,979,350 for a four-unit home.
How much property tax do owners pay in Lafayette?
The typical homeowner in Lafayette pays $886 a year, according to the U.S. Census Bureau. That is 0.41% of the home’s value; in Macon County, the rate is 0.39%.
Where can I find free help to buy or rent in Lafayette?
We found no HUD-approved counseling agencies with an office in Macon County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
