The Commons, Lafayette, IN
The Commons — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for The Commons, Lafayette, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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The Commons Neighborhood Overview
The Commons is a centrally located neighborhood in Lafayette, Indiana, offering convenient access to the city's core. Situated near the coordinates 40.4177, -86.8884 within the 47901 ZIP code, it provides an urban residential experience. The area is characterized by its accessibility to daily necessities and major thoroughfares.
Lifestyle & Amenities
Residents of The Commons enjoy a lifestyle centered on convenience and proximity to urban services. The neighborhood's central location places shopping, dining, and essential services within easy reach. Its layout supports a practical, low-fuss approach to daily living for its community members.
Real Estate Market
The real estate market in The Commons is distinct, with a very low homeownership rate of just 8%, indicating a predominantly rental community. The median home value is $256,100, with a price per square foot of approximately $138, and the median monthly rent is $904. Properties spend an average of 83 days on the market, suggesting a steady pace of transactions.
Schools & Education
The Commons is served by the Lafayette School Corporation, which manages public education for the area. Families in the neighborhood have access to the district's range of elementary, middle, and high schools. For specific school assignments and performance data, prospective residents should consult the district directly.
Transportation & Connectivity
The neighborhood's central location in Lafayette provides excellent connectivity for drivers, with quick access to major routes like State Road 26 and US 52. Public transit options are available through the local bus system, facilitating car-free travel within the city. This connectivity makes commuting to downtown Lafayette, Purdue University, and area employers straightforward.
Why Choose The Commons
The Commons is an ideal choice for renters, students, and professionals seeking an affordable, central location in Lafayette. Its market dynamics, with a median rent under $1,000, offer value in a convenient urban setting. The area provides a practical base for those who prioritize easy access to the city's amenities and major employers over homeownership.
The Commons 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 The Commons, Lafayette
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for The Commons, Lafayette, IN. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
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