Lafayette Metro Area, LA Housing

The housing market in the Lafayette, LA Metro Area is thriving. The median value of a house in this area is $177,300, which is significantly lower than the US median value of $338,100. Furthermore, the one year appreciation rate for houses in this area is 9.64%, higher than the 8.27% appreciation rate of housing across the US. This indicates that now may be a great time to invest in real estate in the Lafayette Metro Area as prices are likely to continue increasing in the future.

The median home cost in Lafayette Metro Area is $177,300. Home appreciation the last 10 years has been 40.3%. Home Appreciation in Lafayette Metro Area is up 12.5%.

Average Age of Homes

- The median age of Lafayette Metro Area real estate is 35 years old

The Rental Market in Lafayette Metro Area

- Renters make up 27.8% of the Lafayette Metro Area population
- 2.3% of houses and apartments in Lafayette Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lafayette, Louisiana	United States
	212,011.0	139,647,020.0
	37	42
	$177,300	$338,100
	12.5%	16.6%
	28.4%	57.0%
	40.3%	101.1%
	$4.75	$10.98
	$826	$2,690
	60.6%	57.4%
	12.8%	11.2%
	26.7%	31.4%
Vacant Housing
	2.3%	1.9%
	0.8%	0.4%
	1.0%	0.7%
	0.4%	0.4%
	2.1%	3.6%
	6.3%	4.1%
Value of Owner-Occupied Housing
	5.4%	2.6%
	4.7%	2.4%
	5.5%	2.8%
	6.2%	3.9%
	6.3%	4.5%
	14.8%	11.3%
	19.4%	13.0%
	21.1%	20.1%
	9.0%	13.6%
	3.7%	8.3%
	2.7%	9.7%
	0.6%	3.9%
	0.4%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	14.8%	13.6%
	14.8%	13.6%
	12.9%	13.6%
	15.8%	13.2%
	15.9%	14.8%
	12.9%	13.6%
	9.0%	10.0%
	3.7%	4.7%
	4.5%	12.2%

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