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Lafayette, LA—70506

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$204,000
1.0% YoY Growth
Household Income
$55,600
20.2% YoY Growth
Days on Market
77
1.0% Shorter YoY
Home Price Forecast
-2.3%
Median Rent
$1,400
6.7% YoY Growth
1-Bed Rent
$895
6.3% YoY Growth
2-Bed Rent
$1,200
9.0% YoY Growth
3-Bed Rent
$1,650
8.6% YoY Growth

Other Zip Codes in Lafayette, LA

70503705017050770508
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lafayette, LA

As of Dec '25, the median home price in Lafayette, LA is $204,000, with a year-over-year change of -1.0%. This indicates that home prices in Lafayette, LA are flat. According to Zillow, the 1-year price projection is -2.3%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$204,000-1.0%
Single Family $205,000-0.5%
Condos $101,0004.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$147,000-0.7%
    3 Bed
    		$212,0000.5%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    12.8%
    2 Bedrooms
    28.0%
    3 Bedrooms
    43.4%
    4 Bedrooms
    13.5%
    5+ Bedrooms
    0.8%

    Rental Trends — Lafayette, LA

    As of July '25, Rentcast reports the average rent in Lafayette, LA is $1,440, with a year-over-year rent change of 6.7%. Per bedroom, the median rent as of July '25 in Lafayette, LA is 1-bedrooms: $896, 2-bedrooms: $1,210, 3-bedrooms: $1,650, 4-bedrooms: $2,210. The most common rental property sizes in Lafayette, LA are 2-bedroom and 3-bedroom, accounting for 37.1% and 29.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,400$1,440
    Studio Rent N/AN/A
    1 Bed Rent $895$896
    2 Bed Rent $1,200$1,210
    3 Bed Rent $1,650$1,650
    4 Bed Rent $2,180$2,210
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    % of Rental Stock

    Studio
    2.5%
    1 Bedroom
    25.7%
    2 Bedrooms
    37.1%
    3 Bedrooms
    29.5%
    4 Bedrooms
    5.1%

    Property Listings — Lafayette, LA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Lafayette, LA is 75. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$233,000-6.0%
    Listing Count
    		1845.0%
    Listings as % of Homes0.6%5.0%
    Days on Market
    		77-1.0%
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    Demographics — Lafayette, LA

    As of the latest ACS Survey released in 2023, Lafayette, LA has a population of 41,600, which has remained stable by 0.2% over the past 5 years. Lafayette, LA is a moderately popular place for families, as children make up 20.3% of the population. The area has a moderately educated workforce, with 36.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		41,6000.2%
    % Under 18
    		20.3%2.5%
    % Seniors
    		15.9%30.3%
    % WFH
    		6.7%116.1%
    % w/ College Degree
    		36.8%7.0%
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    As of the latest ACS Survey released in 2023, Lafayette, LA is a predominantly white area, with 60.3% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Lafayette, LA is black, making up 20.1% of the population. Foreign-born residents account for 11.5% of the population in Lafayette, LA, and this percentage has increased by 76.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		60.3%-7.7%
    % Black
    		20.1%-13.7%
    % Hispanic
    		13.0%128.1%
    % Asian
    		2.9%-14.7%
    % Foreign Born
    		11.5%76.9%
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    Mortgage and Risk — Lafayette, LA

    According to HUD data as of 2023, there were 650 mortgage originations in Lafayette, LA, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Lafayette, LA. Investor activity is low, as 15.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		650
    % Conventional Loans
    		68.0%
    % Government Loans
    		32.0%
    % Investor Loans
    		15.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		7.0%
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    Rentals and Section 8 — Lafayette, LA

    As of 2024, the percent of homes in Lafayette, LA under the Section 8 program is 6.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-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 and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		809
    Total Units Section 8
    		605
    % Rentals under Section 8
    		6.6%
    % Occupied Section 8
    		79.3%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$55$895$950
    2 Bedroom-$130$1,200$1,070
    3 Bedroom-$310$1,650$1,340
    4 Bedroom-$410$2,180$1,770

    Affordability — Lafayette, LA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.8
    Median Home Price$204,000
    Median Household Income$55,600

    Lafayette, LA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Lafayette, LA

    70503

    Lafayette, LA

    70508

    Scott, LA

    70583

    Duson, LA

    70529

    Lafayette, LA

    70501

    Frequently Asked Questions