Lafayette, LA—70507
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 $212,000, with a year-over-year change of -0.5%. This indicates that home prices in Lafayette, LA are flat. According to Zillow, the 1-year price projection is -3.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $212,000 | -0.5% |
| Single Family | $213,000 | 0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $208,000 | 1.5% |
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 $1,500, with a year-over-year rent change of -5.7%. Per bedroom, the median rent as of July '25 in Lafayette, LA is 1-bedrooms: $950, 2-bedrooms: $1,000, 3-bedrooms: $1,780, 4-bedrooms: $1,920. The most common rental property sizes in Lafayette, LA are 2-bedroom and 1-bedroom, accounting for 49.4% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,720 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $950 |
| 2 Bed Rent | $950 | $1,000 |
| 3 Bed Rent | $1,840 | $1,780 |
| 4 Bed Rent | $2,000 | $1,920 |
% 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 64. This is a increase of 2.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | -2.0% |
Listing Count | 104 | 15.0% |
| Listings as % of Homes | 0.7% | 15.0% |
Days on Market | 64 | 2.0% |
Demographics — Lafayette, LA
As of the latest ACS Survey released in 2023, Lafayette, LA has a population of 19,200, which has increased by 16.6% over the past 5 years. Lafayette, LA is a popular place for families, as children make up 25.6% of the population. The area has a moderately educated workforce, with 29.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,200 | 16.6% |
% Under 18 | 25.6% | -3.8% |
% Seniors | 14.3% | 20.2% |
% WFH | 9.8% | 716.7% |
% w/ College Degree | 29.8% | 22.6% |
As of the latest ACS Survey released in 2023, Lafayette, LA is a predominantly black area, with 47.3% of the population identifying as black. The black population has grown by 12.4% in the last 5 years. The second most common race or ethnicity in Lafayette, LA is white, making up 45.0% of the population. Foreign-born residents account for 1.9% of the population in Lafayette, LA, and this percentage has decreased by 13.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 45.0% | -12.1% |
% Black | 47.3% | 12.4% |
% Hispanic | 2.9% | -3.3% |
% Asian | 0.4% | -50.0% |
% Foreign Born | 1.9% | -13.6% |
Mortgage and Risk — Lafayette, LA
According to HUD data as of 2023, there were 242 mortgage originations in Lafayette, LA, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Lafayette, LA. Investor activity is low, as 10.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 242 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 10.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Lafayette, LA
As of 2024, the percent of homes in Lafayette, LA under the Section 8 program is 10.9%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Lafayette, LA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 231 |
Total Units Section 8 | 231 |
% Rentals under Section 8 | 10.9% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $750 | $880 |
| 2 Bedroom | $50 | $950 | $1,000 |
| 3 Bedroom | -$580 | $1,840 | $1,260 |
| 4 Bedroom | -$350 | $2,000 | $1,650 |
Affordability — Lafayette, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $212,000 |
| Median Household Income | $64,000 |