Lafayette, LA—70508

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$295,000

1.0% YoY Growth

Household Income

$88,000

22.8% YoY Growth

Days on Market

15.0% Longer YoY

Home Price Forecast

-2.1%

Median Rent

$1,600

0.6% YoY Growth

1-Bed Rent

$983

33.3% YoY Growth

2-Bed Rent

$1,400

36.4% YoY Growth

3-Bed Rent

$1,720

7.8% YoY Growth

Other Zip Codes in Lafayette, LA

70503 70501 70507 70506

Home Price Trends — Lafayette, LA

As of May '26, the median home price in Lafayette, LA is $295,000, 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 -2.1%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$295,000	1.0%
Single Family	$296,000	1.4%
Condos	$205,000	17.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Type	Median Rent	Average Rent
Average Rent	$1,600	$1,790
Studio Rent	$775	$775
1 Bed Rent	$983	$1,040
2 Bed Rent	$1,400	$1,500
3 Bed Rent	$1,720	$1,880
4 Bed Rent	$2,900	$3,000

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$376,000	10.0%
Listing Count	284	12.0%
Listings as % of Homes	0.8%	12.0%
Days on Market	79	15.0%

Metric	Latest Census	YoY % Change
Population	39,400	-2.8%
% Under 18	22.5%	-1.7%
% Seniors	15.4%	5.5%
% WFH	10.1%	106.1%
% w/ College Degree	47.3%	4.4%

Metric	Latest Census	5-Year % Change
% White	75.4%	-6.0%
% Black	12.6%	14.5%
% Hispanic	4.7%	-9.6%
% Asian	3.2%	60.0%
% Foreign Born	4.5%	-11.8%

Metric	Zip Code Average
Total Loan Originations	528
% Conventional Loans	72.0%
% Government Loans	28.0%
% Investor Loans	6.0%
% Second Loans	1.0%
% Cash Out Refinance	4.0%

Lafayette, LA—70508

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

Youngsville, LA

Lafayette, LA

Broussard, LA

Frequently Asked Questions

Total Units under HUD	76
Total Units Section 8	75
% Rentals under Section 8	1.6%
% Occupied Section 8	76.0%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$117	$983	$1,100
2 Bedroom	-$160	$1,400	$1,240
3 Bedroom	-$160	$1,720	$1,560
4 Bedroom	-$850	$2,900	$2,050

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$295,000
Median Household Income	$88,000

Lafayette, LA—70508

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

Youngsville, LA

Lafayette, LA

Broussard, LA

Frequently Asked Questions

What is the average home price in Lafayette, LA 70508?

How have home prices in Lafayette, LA 70508 changed over the past year?

What is the home price projection for Lafayette, LA 70508?

What are the demographics of Lafayette, LA 70508?

How long does it take homes to sell in Lafayette, LA 70508?

What is the average rent price in Lafayette, LA 70508?