Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$200,358+2.8% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$43,433About 0.7× the local median income ($62,956): affordable for a typical household
Days on market81 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, LA is worth $200,358, up 2.8% from a year ago. That is well below what local incomes have historically supported: fair value is about $244,649, so the area is 18.1% undervalued. It is a balanced market: homes take about 81 days to sell, listings are up 4% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 0.9% over the next year. A household needs about $43,433 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 $62,956. Typical rent is $1,385 a month, or $1,583 for a house. In the latest IRS figures, 322 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
$200,358
Change in 1 year
+2.8%
Overvalued %
−18.1%
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Fair home value
$244,649
Change in 5 years
+2.1%
Zillow forecast, next 12 months
+0.9%
Home value to income
3.2×
Monthly mortgage payment (20% down)
$1,086
Income needed to afford it
$43,433
Property tax rate
0.50%
Rent and investing
Typical rent
$1,385
Typical rent for houses
$1,583
Price-to-rent ratio
12.1×
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HUD Fair Market Rent, 2 bedrooms
$1,040
Gross rental yield
8.30%
Cap rate (estimate)
5.39%
Market activity
Listings vs a year ago
+4.4%
Days on market
81
Listings with a price cut
18.8%
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Homes for sale
1,542
Pending sales per 100 listings
33
Asking price per sq ft
$149
People and jobs
Median household income
$62,956
Population change (1 year)
+0.7%
Unemployment rate
5.3%
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Population
423,758
Income adjusted for cost of living
$72,197
Net moves in (IRS)
+322
Cost of living (US = 100)
87.2
Schools, risk and environment
School rating (1 to 10)
7.1
FEMA hazard risk score (0 to 100)
91.9
Unhealthy air days a year
0
Show 4 more
Flood risk score
89.6
Wildfire risk score
49.6
Walkability (1 to 20)
7.0
Road, rail and air noise
53 dB
Questions people ask
Is Lafayette, LA overvalued?
Home prices in Lafayette, LA are well below what local incomes have historically supported: fair value is about $244,649, so the area is 18.1% undervalued.
Is Lafayette, LA a buyer's or seller's market?
Lafayette, LA is a balanced market: homes take about 81 days to sell, listings are up 4% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Lafayette, LA?
Home values in Lafayette, LA are up 2.8% 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, LA?
A household needs about $43,433 a year to afford the typical home in Lafayette, LA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $62,956.