Lafayette County, FL

Comprehensive housing, income, and cost of living data for Lafayette County, Florida. Population: 8.1K.

Median Home Price
$237.4K

Based on 1 cities

Median Household Income
$60.7K

Annual household income

Price-to-Income Ratio
3.9x

Moderately affordable

Salary Needed to Buy
$58.7K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$850

Average annual amount

Effective Tax Rate
0.36%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,200
Property Tax$70.83
Insurance$98.90
Total Monthly$1,370
Historical Home Prices
2015
$114.9K
2016
$122.6K
+6.6%%
2017
$127.5K
+4.0%%
2018
$130.7K
+2.6%%
2019
$139.8K
+7.0%%
2020
$157.7K
+12.8%%
2021
$200.0K
+26.8%%
2022
$210.3K
+5.2%%
2023
$223.9K
+6.5%%
2024
$237.4K
+6.0%%
2025
$243.5K
+2.6%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.1%%

Below national average

Population Density
15

People per square mile

Political Lean (2020)
Competitive

R+2

Racial Demographics

White
69.5%
Black
17.5%
Hispanic
11.9%
Asian
0%
Two or More Races
1.1%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
69°F

Annual average

Sunny Days
240

Days per year

Annual Rainfall
55.4"

Inches per year

Natural Disaster Risk
Low Risk

Score: 16/100

January Low
21°F

Average winter low

July High
85°F

Average summer high

Frequently Asked Questions

What is the median home price in Lafayette County, FL?

The median home price in Lafayette County, Florida is $237.4K. The price-to-income ratio is 3.9x, meaning the median home costs 3.9 times the median household income.

What salary do you need to buy a home in Lafayette County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $58.7K per year to buy the median home in Lafayette County, FL. Monthly housing costs break down to $1,200 for mortgage, $70.83 for property tax, and $98.90 for insurance.

What is the property tax rate in Lafayette County?

The effective property tax rate in Lafayette County is 0.36%, which comes to approximately $850 per year on the median home.

What is the median household income in Lafayette County?

The median household income in Lafayette County, Florida is $60.7K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.1%%.

Is Lafayette County a good place to live?

Lafayette County, Florida has a population of 8.1K. Housing affordability is strong with a price-to-income ratio of 3.9x. The climate averages 69 degrees F with 240 sunny days per year. Compare Lafayette County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.