Sawmill, Lafayette, IN
Sawmill — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Sawmill, Lafayette, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Sawmill Neighborhood Overview
Sawmill is a residential neighborhood located in Lafayette, Indiana, within the 47901 ZIP code. Positioned near the coordinates 40.4177, -86.8884, it offers a convenient location for residents. The area provides a quiet, community-focused atmosphere within the larger city.
Lifestyle & Amenities
The neighborhood features a mix of local parks and green spaces for outdoor recreation. Residents have convenient access to everyday shopping and dining options along nearby major corridors. Its location provides a balance of suburban tranquility and urban accessibility.
Real Estate Market
The real estate market in Sawmill is characterized by a median home value of $256,100 and a price per square foot of approximately $124.58. Homes typically sell after an average of 37 days on the market, and the median monthly rent is $904. Notably, the area has a very low homeownership rate of just 8%, indicating it is a predominantly rental community.
Schools & Education
Families in the Sawmill neighborhood are served by the Lafayette School Corporation. The specific schools serving the area provide standard public education programs. The district manages several elementary, middle, and high schools throughout the city.
Transportation & Connectivity
Sawmill benefits from good connectivity via major roads like State Road 26 and Interstate 65, which are easily accessible. This provides straightforward commutes to downtown Lafayette, Purdue University, and major employment centers. Public transit options are available through the local city bus system.
Why Choose Sawmill
Sawmill is an ideal choice for renters and investors seeking affordable housing in Lafayette, given its high rental concentration and below-average median rent. Its central location offers easy access to the city's amenities, employers, and Purdue University. The neighborhood presents a practical, cost-effective living option with a straightforward residential feel.
Sawmill Market Data
| Metric | Value |
|---|---|
| Median Home Price | $256K |
| Median Gross Rent | $904/mo |
| Median Household Income | $41K |
| Homeownership Rate | 7.6% |
| Renter-Occupied | 92.4% |
| Rental Vacancy Rate | 4.8% |
| Market Type | Balanced |
| Market Tier | Mid-Market |
| Primary ZIP Code | 47901 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 200,703 |
| VA Loan Originations | 9,853 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $255K |
| Conventional Loan Originations | 166,323 |
| FHA Loan Originations | 24,527 |
Top Real Estate Agents in Sawmill, Lafayette
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Sawmill, Lafayette, IN. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Indiana Real Estate Commission (IREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-14