Lafayette County, Florida
Lafayette County
Lafayette County is located in North Central Florida, along with Alachua, Madison, Hamilton, Taylor, Suwannee, Union, Bradford, Dixie, Levy, Gilchrist, Marion, and Columbia counties. Most of Lafayette County's 548 square miles in dedicated to timber and farmland. The leading industries in Lafayette County are corrections, agriculture, and healthcare. Major private sector employers are Mayo Correctional Institute, Lafayette Healthcare Nursing Home, Putnal's Pinestraw, Bass Assassin Worms, and Townsend Pinestraw. Top public sector employers are Lafayette County School District, Lafayette County Government, and Lafayette County Sheriff's Office. Mayo is the county's only incorporated city and also the county seat.
Lafayette County Florida Cities
There are 2 cities in Lafayette County Florida. These are listed below. Click on a link for details.
Lafayette County has a population of approximately 8,804 people. The population increased -0.7% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida and a 1.7% increase for the country as a whole. Lafayette County is 543.41 square miles and had a population density of 16.3 Persons per square mile in 2010. This compared to 350.6 for Florida and 87.4 for the country.
There are 3,386 housing units in Lafayette County (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Lafayette County has a 80.1% homeownership rate compared to Florida's rate of 69.0%. Lafayette County's medium household income in 2011 was $49,713, which is higher than the medium income for Florida as a whole: $47,827.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| United States | 313,914,040 | $14,025,202 | 1.7% | $52,762 | 132,312,404 | $186,200 |
| Florida | 19,317,568 | $630,738 | 2.7% | $47,827 | 9,026,965 | $188,600 |
| Lafayette County | 8,804 | $69 | -0.7% | $49,713 | 3,386 | $153,500 |
14.8% of the population in Lafayette County lives below the poverty line, compared to 14.7% in Florida and 14.3% nationwide. Additional Information:
- Lafayette County Census Data
- University of Florida Bureau of Economic and Business Research - Lafayette County
Lafayette County Economic Activity
The U.S. Bureau of the Census, Economic , 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Lafayette County. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.
At $69 million, Lafayette County's economic activity represents 0.01% of the Florida economy.
| Activity | Value (Millions) | Percentage |
|---|---|---|
| Manufacturers shipments | $0 | 0.0% |
| Merchant wholesaler sales | $0 | 0.0% |
| Retail sales | $67 | 96.2% |
| Accommodation and food services sales | $3 | 3.8% |
| Total | $69 | 100% |
Lafayette County Regional Comparisons
Lafayette County is located in North Central Florida. This region is responsible for 2.6% of Florida's economic activity. Lafayette County represents 0.4% of the region's economy.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Madison County | 18,907 | $137 | -1.7% | $36,557 | 8,499 | $94,100 |
| Hamilton County | 14,708 | $111 | -0.6% | $36,683 | 5,830 | $75,600 |
| Taylor County | 22,744 | $823 | 0.8% | $38,005 | 11,085 | $89,700 |
| Suwannee County | 43,656 | $494 | 5.1% | $37,775 | 19,417 | $108,900 |
| Union County | 15,212 | $53 | -2.1% | $45,645 | 4,566 | $113,500 |
| Bradford County | 27,049 | $253 | -5.2% | $41,397 | 11,083 | $121,400 |
| Lafayette County | 8,804 | $69 | -0.7% | $49,713 | 3,386 | $153,500 |
| Dixie County | 16,126 | $57 | -1.8% | $34,243 | 9,471 | $104,400 |
| Levy County | 40,025 | $572 | -1.9% | $35,920 | 20,350 | $108,400 |
| Gilchrist County | 16,815 | $63 | -0.7% | $38,467 | 7,367 | $119,600 |
| Alachua County | 251,417 | $3,646 | 1.6% | $41,373 | 113,371 | $185,100 |
| Marion County | 335,125 | $8,053 | 1.2% | $40,103 | 164,037 | $142,000 |
| Columbia County | 67,966 | $1,796 | 0.6% | $38,589 | 28,910 | $127,100 |
| Total | 878,554 | $16,126 | -0.4% | $39,575 | 407,372 | $118,715 |
Lafayette Real Estate
There are 3,050 properties in Lafayette County. The following table shows a summary of them based on 2013 sales data.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Commercial Property | 0 | 0.00 | 2 | $40,000 | $25 | January 1st, 2013 | May 1st, 2013 |
| Residential Property | 0 | 0.00 | 47 | $45,000 | $33 | January 1st, 2013 | September 1st, 2013 |
Commercial Real Estate in Lafayette County, Florida
0( .00%) of the properties in Lafayette County are classified as Commercial. 2 of them sold between January 1st, 2013 and May 1st, 2013. The total value of these sales was $80,000. The median sales price was $40,000. In 2013 the median sales price for Commercial Property in Lafayette County was $25 per sq ft.
Residential Real Estate in Lafayette County, Florida
0( .00%) of the properties in Lafayette County are classified as Residential. 47 of them sold between January 1st, 2013 and September 1st, 2013. The total value of these sales was $2,456,700. The median sales price was $45,000. In 2013 the median sales price for A Class Residential Property in Lafayette County was $57 per sq ft, B Class properties sold for $33/ft and C Class $11/ft.
Additional Details:
Lafayette Market Data
| Property Usage | Property Count | Total Sq Ft |
|---|---|---|
| Agricultural | 957 | 1,427,020 |
| Government Property | 35 | 100,032 |
| Hotel & Motel | 29 | 4,200 |
| Industrial | 15 | 81,084 |
| Land | 237 | 26,046 |
| Miscellaneous Property | 6 | 2,799 |
| Mobile/Manufactured | 779 | 934,493 |
| Multifamily | 8 | 20,573 |
| Office | 22 | 43,348 |
| Residential | 980 | 1,524,924 |
| Retail | 58 | 192,542 |
| Senior Housing | 3 | 51,786 |
| Special Purpose | 54 | 256,879 |
| Sports & Entertaining | 2 | 900 |