Lafayette, IN Foreclosed Homes & Properties

Foreclosure Homes for Sale in Lafayette, IN: What You Need to Know

Located around 105 miles southeast of Chicago and 63 miles northwest of the state capital of Indianapolis, Lafayette, Indiana is one of the state’s larger cities with a rich cultural history and a thriving business sector. Lafayette combines with West Lafayette on the opposite bank of Indiana’s Wabash River to form the Lafayette Metropolitan Area. 

Schools and Education

Public education is provided to K-12 students in the greater Lafayette area by the Lafayette School Corporation as well as the Tippecanoe School Corporation. The city is also home to several private schools including Faith Christian School, St. Lawrence Catholic School, and St. James Lutheran School. Though the esteemed four-year Purdue University is technically located in West Lafayette, the institution is attended by thousands of Lafayette high school graduates each year and heavily influences the culture of the city. 

Employment Opportunities

Though Lafayette’s economy is extremely varied, a large portion of the city’s residents are employed by Perdue University whether in academics, management, athletics, or sanitation. Other significant employers in Lafayette include aluminum manufacturer Arconic, diesel and natural gas engine producer Caterpillar, and Subaru of Indiana Automotive. 

Things to Do in Lafayette

The Purdue University campus is a popular attraction for visitors to Lafayette, particularly the university’s Horticulture Gardens. Tourists also enjoy visiting Prophet’s Rock, a natural landmark just north of the city center. According to local legend, the Prophet Tenskwatawa watched the Shawnee people fight William Henry Harrison’s army from this rock in 1811’s Battle of Tippecanoe. History buffs also enjoy visiting the headstone of Martin Jenners, a respected Civil War veteran, at Spring Vale Cemetery. 

Cost of Living

Lafayette residents tend to pay more than the average American citizen in utility costs such as energy, water, gas, and trash pickup. However, locals save significantly on housing costs, healthcare bills, groceries, and transportation costs like gas and public transit. Lafayette residents can find a studio to a 4-bedroom apartment or home from $560 per month to $1290 per month. 

Local Climate

Lafayette sees around 187 days of sunshine each year with the highest temperature occurring in July at around 87ºF. The city experiences around 120 days of either snow, rain, hail, or sleet with an average of 38 inches of rain and 19 inches of snow per year. The best months to visit Lafayette are May, June, and September and the least pleasant months weather-wise are December and January.