The median value of housing in Lafayette, LA is $211,700, which is significantly lower than the US median house value which stands at $338,100. Despite this discrepancy in prices, the area has experienced a strong increase in house appreciation over the past year with a rate of 9.19%, which is higher than the US average of 8.27%. This shows that Lafayette is a great place to invest in real estate and has been a lucrative option for property owners.
The median home cost in Lafayette is $211,700. Home appreciation the last 10 years has been 40.3%. Home Appreciation in Lafayette is up 12.5%.
Average Age of Homes
- The median age of Lafayette real estate is 39 years old
The Rental Market in Lafayette
- Renters make up 40.5% of the Lafayette population
- 3.5% of houses and apartments in Lafayette, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.