Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$235,880+2.1% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$51,134About 0.8× the local median income ($66,072): affordable for a typical household
Days on market79 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+0.9%Zillow expects prices to rise slightly
The typical home in Lafayette Parish, LA is worth $235,880, up 2.1% from a year ago. That is well below what local incomes have historically supported: fair value is about $275,113, so the area is 14.3% undervalued. It is a balanced market, leaning toward buyers: homes take about 79 days to sell, listings are up 11% from a year ago, 20% of listings have had a price cut. Zillow expects prices to rise about 0.9% over the next year. A household needs about $51,134 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,072. Typical rent is $1,399 a month, or $1,599 for a house. In the latest IRS figures, 397 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$235,880
Change in 1 year
+2.1%
Overvalued %
−14.3%
Show 7 more
Fair home value
$275,113
Change in 5 years
+5.8%
Zillow forecast, next 12 months
+0.9%
Home value to income
3.6×
Monthly mortgage payment (20% down)
$1,278
Income needed to afford it
$51,134
Property tax rate
0.57%
Rent and investing
Typical rent
$1,399
Typical rent for houses
$1,599
Price-to-rent ratio
14.0×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,092
Gross rental yield
7.12%
Cap rate (estimate)
4.63%
Market activity
Listings vs a year ago
+10.8%
Days on market
79
Listings with a price cut
19.6%
Show 3 more
Homes for sale
1,171
Pending sales per 100 listings
33
Asking price per sq ft
$157
People and jobs
Median household income
$66,072
Population change (1 year)
+1.3%
Unemployment rate
5.1%
Show 4 more
Population
257,949
Income adjusted for cost of living
$75,771
Net moves in (IRS)
+397
Cost of living (US = 100)
87.2
Schools, risk and environment
School rating (1 to 10)
7.3
FEMA hazard risk score (0 to 100)
95.2
Unhealthy air days a year
0
Show 4 more
Flood risk score
93.0
Wildfire risk score
53.0
Walkability (1 to 20)
7.7
Road, rail and air noise
54 dB
Questions people ask
Is Lafayette Parish, LA overvalued?
Home prices in Lafayette Parish, LA are well below what local incomes have historically supported: fair value is about $275,113, so the area is 14.3% undervalued.
Is Lafayette Parish, LA a buyer's or seller's market?
Lafayette Parish, LA is a balanced market, leaning toward buyers: homes take about 79 days to sell, listings are up 11% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Lafayette Parish, LA?
Home values in Lafayette Parish, LA are up 2.1% over the last year. Zillow's forecast for the next 12 months is +0.9%.
How much do you need to earn to buy a home in Lafayette Parish, LA?
A household needs about $51,134 a year to afford the typical home in Lafayette Parish, LA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,072.