Lafayette, LA—70501
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lafayette, LA
As of Oct '25, the median home price in Lafayette, LA is $105,000, with a year-over-year change of -11.3%. This indicates that home prices in Lafayette, LA are decreasing. According to Zillow, the 1-year price projection is -4.9%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $105,000 | -11.3% |
| Single Family | $104,000 | -11.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $96,000 | -5.0% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lafayette, LA
As of July '25, Rentcast reports the average rent in Lafayette, LA is $1,230, with a year-over-year rent change of 1.7%. Per bedroom, the median rent as of July '25 in Lafayette, LA is studios: $810, 1-bedrooms: $794, 2-bedrooms: $1,100, 3-bedrooms: $1,440, 4-bedrooms: $1,710. The most common rental property sizes in Lafayette, LA are 3-bedroom and 2-bedroom, accounting for 35.7% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,120 | $1,230 |
| Studio Rent | $810 | $810 |
| 1 Bed Rent | $800 | $794 |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | $1,300 | $1,440 |
| 4 Bed Rent | $1,400 | $1,710 |
% of Rental Stock
Property Listings — Lafayette, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lafayette, LA is 70. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $150,000 | -7.0% |
Listing Count | 112 | 11.0% |
| Listings as % of Homes | 0.4% | 11.0% |
Days on Market | 70 | -1.0% |
Demographics — Lafayette, LA
As of the latest ACS Survey released in 2023, Lafayette, LA has a population of 27,000, which has decreased by -13.3% over the past 5 years. Lafayette, LA is a moderately popular place for families, as children make up 22.6% of the population. The area has a poorly educated workforce, with 16.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,000 | -13.3% |
% Under 18 | 22.6% | -3.0% |
% Seniors | 16.5% | 23.1% |
% WFH | 6.0% | 215.8% |
% w/ College Degree | 16.3% | 10.9% |
As of the latest ACS Survey released in 2023, Lafayette, LA is a predominantly black area, with 73.6% of the population identifying as black. The black population has grown by 2.1% in the last 5 years. The second most common race or ethnicity in Lafayette, LA is white, making up 18.3% of the population. Foreign-born residents account for 2.3% of the population in Lafayette, LA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 18.3% | -22.8% |
% Black | 73.6% | 2.1% |
% Hispanic | 4.1% | 46.4% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 2.3% | 0.0% |
Mortgage and Risk — Lafayette, LA
According to HUD data as of 2023, there were 239 mortgage originations in Lafayette, LA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 85.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Lafayette, LA. Investor activity is high, as 32.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 239 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 32.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Lafayette, LA
As of 2024, the percent of homes in Lafayette, LA under the Section 8 program is 27.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lafayette, LA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,089 |
Total Units Section 8 | 1,704 |
% Rentals under Section 8 | 27.0% |
% Occupied Section 8 | 81.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $800 | $890 |
| 2 Bedroom | -$90 | $1,100 | $1,010 |
| 3 Bedroom | -$30 | $1,300 | $1,270 |
| 4 Bedroom | $270 | $1,400 | $1,670 |
Affordability — Lafayette, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $105,000 |
| Median Household Income | $31,700 |