Lafayette, LA housing market
The typical Lafayette home is worth about $227,000, up 2% in a year, close to the Louisiana typical home. Homes typically sell in 43 days, below asking.
Home values, sales, trends and how Lafayette compares with the towns next door — updated as new data is published.
Lafayette at a glance
A seller's market
Supply is tight — about 3.8 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Lafayette | Louisiana |
|---|---|---|
| 2017 | $203,000 | $185,000 |
| 2018 | $204,000 | $186,000 |
| 2019 | $202,000 | $188,000 |
| 2020 | $208,000 | $198,000 |
| 2021 | $210,000 | $208,000 |
| 2022 | $226,000 | $219,000 |
| 2023 | $233,000 | $221,000 |
| 2024 | $228,000 | $215,000 |
| 2025 | $225,000 | $215,000 |
| 2026 | $225,000 | $214,000 |
| August 2026 | $227,000 | $217,000 |
Lafayette and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Lafayette | $227K | +2% | $1,090 | — | $61,915 |
| Broussard | $282K | +2.9% | $1,040 | 170 | $116,179 |
| Scott | $222K | +2.8% | $990 | 112 | $56,299 |
| Carencro | $221K | +2.5% | $950 | 194 | $63,401 |
| Milton | — | −1.8%† | $1,210 | — | $105,625 |
† FHFA price index change, where Zillow has no home value for the town.
3.7 years of income
The typical Lafayette home costs about 3.7 years of the town's median household income, about the same as across Louisiana (3.6).
How Lafayette ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,090
HUD's Fair Market Rent for a two-bedroom in Lafayette is $1,090 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lafayette pay a median of $1,100. A two-bedroom takes about 21% of the town's median household income.
Studio $830 · 4 bedrooms $1,720
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (70501, 70503, 70506, 70507, 70508; Lafayette, LA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.