Lafayette
Louisiana · Ranked #137 of 373 metros
82Affordable
💡
Housing in Lafayette costs 3.83× the median income, below the national average of 4.5×. The median home price is $220K and median rent is $946/month. Lafayette ranks #137 of 373 metros for affordability.
Median Home Price
🏠$220K
Need $65K income
Median Rent
🔑$946
Need $38K income
Building Permits
🔨2,019
annual
Median Income
💰$57K
Pop: 422,247
Rent Burden
⚠️25.2%
of renters paying >30%
Homeownership
🏡68.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Lafayette | National |
|---|---|---|
| Price-to-Income Ratio | 3.83x | 6.1x |
| Rent Burden | 25.2% | 31.5% |
| Homeownership Rate | 68.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +29.4%Since 2000: +121%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$779/mo
1 Bedroom$898/mo
2 Bedroom$1,019/mo
3 Bedroom$1,301/mo
4 Bedroom$1,581/mo
Zillow Market Data
Home Value (ZHVI)
$195K
1yr: +0.0%5yr: +3.6%
Rent (ZORI)
$1,330/mo
1yr: +2.5%5yr: +22.7%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$127K
Active Inventory
31
Days on Market
51
Sold Above List
0.0%
Price Drops
19.4%