Zip 70506 (Lafayette, LA) Housing

The housing market in 70506 Lafayette, LA is quite robust. The median value of a home in the area is $192,900, which is significantly lower than the U.S. median value of $338,100. Despite this difference, the appreciation rate for homes in Lafayette over the past year has been quite impressive with an increase of 9.19%, compared to 8.27% nationally. This suggests that there is demand for properties in Lafayette, and that now might be a good time to invest in the area's real estate market if possible.

The median home cost in Lafayette (zip 70506) is $192,900. Home appreciation the last 10 years has been 40.3%. Home Appreciation in Lafayette (zip 70506) is up 12.5%.

Average Age of Homes

- The median age of Lafayette (zip 70506) real estate is 37 years old

The Rental Market in Lafayette (zip 70506)

- Renters make up 46.7% of the Lafayette (zip 70506) population
- 3.5% of houses and apartments in Lafayette (zip 70506), 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
	20,064.0	139,647,020.0
	41	42
	$192,900	$338,100
	12.5%	16.6%
	28.4%	57.0%
	40.3%	101.1%
	$5.10	$10.98
	$930	$2,690
	47.3%	57.4%
	10.6%	11.2%
	42.1%	31.4%
Vacant Housing
	3.5%	1.9%
	1.6%	0.4%
	0.9%	0.7%
	0.6%	0.4%
	0.6%	3.6%
	3.4%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	1.0%	2.4%
	2.1%	2.8%
	4.9%	3.9%
	1.9%	4.5%
	18.8%	11.3%
	27.3%	13.0%
	29.6%	20.1%
	7.0%	13.6%
	2.4%	8.3%
	1.3%	9.7%
	0.3%	3.9%
	0.7%	2.2%
	0.1%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.3%	13.6%
	11.3%	13.6%
	10.8%	13.6%
	21.9%	13.2%
	24.7%	14.8%
	10.8%	13.6%
	11.8%	10.0%
	3.2%	4.7%
	2.7%	12.2%

Reviews for Lafayette

See all (0)

Write a Review

Start Your Review of Lafayette

Commute