If you are considering buying or selling a property in the beautiful city of Lafayette, you will need some guidance. Here are some points to consider about Lafayette real estate and how it compares to a similar city, such as in and around Toronto, Canada.

Downtown, you will find a wide range of condos, townhouses and lofts available. A three bedroom condo downtown averages $140,000 (compared to twice as much for condos in Toronto). Be sure to look at some of the amazing, unique spaces available in areas like Ellsworth/Romig, Vinton and Hanna.

You will find a number of detached homes for sale in some of the amazing neighborhoods that the downtown core has to offer. You will find a number of $200,000 downtown or Centennial homes for sale. North Toronto, Cabbagetown and Leaside have comparable listings but at slightly higher asking prices. A number of War-era, Craftsman homes are available in West Lafayette, home to Purdue University.

Be sure to consider some of the older homes available throughout the city. Columbian Park, Wallace Triangle, Highland Park all have Tudor and Victorian style houses frequently listed. As with homes for sale in Rosedale or Bridal Path, properties in these areas of Lafayette list for about $2,000,000 and up.

For those considering the merits of living outside of the city, be sure to familiarize yourself with areas such as Saint Mary's, Lincoln and Ninth Street Hill. The cities and towns of the greater and suburban areas have amazing properties available at a great value. As with Etobicoke or Scarborough homes for sale outside of Toronto, family homes in Monon, Perrin and Saint Lawrence/McAllister sell for an average of $220,000. Consider some of the communities near to Interstate 65 and Highway 52 to Joliet in relation to where you will be going to work and play.

These types of areas are in high demand as their easy access to the best of both urban and rural lifestyles is becoming increasingly attractive to new homeowners. As you might find with suburban, Mississauga or Oakville homes for sale, areas such as Hedgewood, Historic Jefferson and Wildcat Valley have country and contemporary homes in a beautiful setting. If you are willing to make a short commute to the downtown core, consider some of the great features and benefits each area outside of Lafayette has to offer.

It's best to be prepared when speaking to your real estate agent about your tastes, needs and budget. With some research and exposure, you will find that Lafayette has a wide range of real estate styles and areas to meet almost every taste and need. With listings that are competitively priced, unique and vibrant, real estate everywhere in and around Lafayette is a great investment.