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

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

70503 70501 70507 70508

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 Type	Median Home Value	YoY % Change
All Homes	$204,000	-1.0%
Single Family	$205,000	-0.5%
Condos	$101,000	4.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,440
Studio Rent	N/A	N/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

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$233,000	-6.0%
Listing Count	184	5.0%
Listings as % of Homes	0.6%	5.0%
Days on Market	77	-1.0%

Metric	Latest Census	YoY % Change
Population	41,600	0.2%
% Under 18	20.3%	2.5%
% Seniors	15.9%	30.3%
% WFH	6.7%	116.1%
% w/ College Degree	36.8%	7.0%

Metric	Latest Census	5-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%

Metric	Zip 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%

Lafayette, LA—70506

Key Metrics at a Glance

Other Zip Codes in Lafayette, LA

Home Price Trends — Lafayette, LA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lafayette, LA

% of Rental Stock

Property Listings — Lafayette, LA

Demographics — Lafayette, LA

Race and Ethnicity

Mortgage and Risk — Lafayette, LA

Mortgages

Rentals and Section 8 — Lafayette, LA

Section 8 Market Size

Section 8 Opportunity

Affordability — Lafayette, LA

Home Price to Income Ratio

Lafayette, LA — ZIP Code Boundary Map

Nearby ZIP Codes

Lafayette, LA

Lafayette, LA

Scott, LA

Duson, LA

Lafayette, LA

Frequently Asked Questions

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

Home Size	HUD Premium	Market Rent	Max 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

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$204,000
Median Household Income	$55,600

Lafayette, LA—70506

Key Metrics at a Glance

Other Zip Codes in Lafayette, LA

Home Price Trends — Lafayette, LA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lafayette, LA

% of Rental Stock

Property Listings — Lafayette, LA

Demographics — Lafayette, LA

Race and Ethnicity

Mortgage and Risk — Lafayette, LA

Mortgages

Rentals and Section 8 — Lafayette, LA

Section 8 Market Size

Section 8 Opportunity

Affordability — Lafayette, LA

Home Price to Income Ratio

Lafayette, LA — ZIP Code Boundary Map

Nearby ZIP Codes

Lafayette, LA

Lafayette, LA

Scott, LA

Duson, LA

Lafayette, LA

Frequently Asked Questions

What is the average home price in Lafayette, LA 70506?

How have home prices in Lafayette, LA 70506 changed over the past year?

What is the home price projection for Lafayette, LA 70506?

What are the demographics of Lafayette, LA 70506?

How long does it take homes to sell in Lafayette, LA 70506?

What is the average rent price in Lafayette, LA 70506?