HomeMinnesotaNicollet CountyLafayette
Lafayette, Minnesota: commercial real estate data.
Lafayette is a Census city of 484 people across 1.26 square miles of land, in Nicollet County. Median household income is $88,750, 84.1 percent of occupied homes are owned, and the SBA record carries 4 7(a) approvals to borrowers here worth $6.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Lafayette
What Lafayette is
- Census place typecity
- Land area1.26 sq mi
- Water area0 sq mi
- Population per square mile of land385
- County holding the largest share of its areaNicollet County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lafayette
How many people live in Lafayette
- Population484
- Median age36.5 plus or minus 8.7
- Population under 18111 plus or minus 29
- Share under 1822.9 percent
- Population 65 and over80 plus or minus 17
- Share 65 and over16.5 percent
- Households176
- Family households116 plus or minus 24
- Share of households that are families65.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lafayette
Income and work in Lafayette
- Median household income$88,750 plus or minus $23,908
- Per capita income$35,936
- Civilian labor force284 plus or minus 58
- Employed284 plus or minus 58
- Unemployed0
- Unemployment rate0.0 percent
- Adults 25 and over330
- Adults 25 and over with a high school diploma or higher94.2 percent plus or minus 20.2
- Adults 25 and over with a bachelor degree or higher22.1 percent plus or minus 6.2
- Adults 25 and over with a graduate degree3.9 percent plus or minus 3.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lafayette
Housing in Lafayette
- Housing units207
- Occupied units176
- Vacant units31 plus or minus 24
- Vacancy rate15.0 percent plus or minus 11.3
- Owner occupied148
- Renter occupied28 plus or minus 15
- Ownership rate84.1 percent plus or minus 18.3
- Median owner-occupied home value$155,800
- Median gross rent, monthly$980
- Annual rent as a share of median income13.3 percent plus or minus 4.2
- Single family units176
- Share single family85.0 percent
- Units in buildings of two or more22 plus or minus 17
- Share in buildings of two or more10.6 percent plus or minus 7.8
- Mobile homes9 plus or minus 10
- Median year structure built1951
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lafayette
How Lafayette gets to work
- Workers 16 and over who commute271 plus or minus 56
- Commuting under 15 minutes39 plus or minus 17
- Share commuting under 15 minutes14.4 percent plus or minus 5.4
- Commuting 30 minutes or more103 plus or minus 31
- Share commuting 30 minutes or more38.0 percent plus or minus 8.1
- Drove alone81.0 percent
- Carpooled14.1 percent plus or minus 4.4
- Public transport0.0 percent
- Walked0.4 percent plus or minus 0.7
- Worked from home4.6 percent plus or minus 3.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lafayette
SBA loans in Lafayette (7(a))
- Approvals4
- Gross approval$6,794,600
- Average approval$1,698,650
- Median approval$1,428,000
- Largest approval$3,588,600
- Jobs supported61
- Jobs per approval15.3
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS3
Counted by borrower city: approvals to borrowers whose address is in Lafayette, in any county, FY2020 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Nicollet County, not Lafayette
Nicollet County context, not Lafayette figures
- Establishments in Nicollet County685
- Covered employment, Nicollet County14,609
- Average annual pay, Nicollet County$56,235
- Housing units permitted, Nicollet County106
Every figure in this section is published for Nicollet County as a whole and is not a measurement of Lafayette.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Lafayette questions, answered from the record.
How many people live in Lafayette, Minnesota?
484, in 176 households. Lafayette city covers 1.26 square miles of land, which is 385 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lafayette in?
Nicollet County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Lafayette?
$88,750. The median owner-occupied home is valued at $155,800. Median gross rent is $980 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lafayette businesses?
4 7(a) approvals totaling $6.8 m since FY2020, across 2 lenders, median approval $1,428,000. These count approvals to borrowers whose address is in Lafayette, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lafayette borrowers get paid back?
No rate is published for Lafayette. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Are the county figures on this page Lafayette figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Nicollet County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Lafayette.
Is zoning published for Lafayette?
No. Nothing on this page presents parcel level zoning.
Nearby