Median home value in zip code 56054 (Lafayette, MN) is $241,076, up 10.0% year over year. Part of the Mankato, MN metropolitan area.

Home Value$241,076

YoY Change

+10.0%

Prices rising — worse for buyers.

Affordability

Enter your income for 56054 (Lafayette).

Income (annual)

Down Payment

$48,215 on $241,076

Example: $75,000 household income. Change it above to see your own.

Affordable25.5% of income

Under the 28% guideline.

PITI$1,594

P/I25.5%

Afford$265K

Room+$24K

P&I $1,219Tax $225Ins $150

6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

56054 is part of the Mankato, MN metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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