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These days, finding an affordable place to live in the Lafayette area can be challenging. Home prices in Lafayette are now at a median cost of $269,028, higher than the Louisiana average of $235,139.
The average cost of rent is $1,146/mo in Lafayette, primarily driven by the current value of real estate in the Lafayette area. In Lafayette, 44.55% of households rent, and 48.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lafayette is $6,560 per month. Households that rent pay about 17.46% of their income on rent here. Lafayette’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Scott, LA: less expensive homes
- Duson, LA: less expensive homes
- Broussard, LA: higher priced homes
- Youngsville, LA: higher priced homes
- Ossun, LA: less expensive homes
- Milton, LA: less expensive homes
- Ridge, LA: less expensive homes
- Maurice, LA: less expensive homes
- Breaux Bridge, LA: less expensive homes
- Parks, LA: less expensive homes
Cities with Similar Populations
- Indianapolis, IN: equally priced homes
- Huntington Beach, CA: higher priced homes
- Humble, TX: higher priced homes
- Iowa City, IA: higher priced homes
- Jackson, MI: less expensive homes
- Kansas City, KS: less expensive homes
- Joliet, IL: less expensive homes
- Kansas City, MO: higher priced homes
- Houston, TX: higher priced homes
- Inglewood, CA: higher priced homes
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