The housing situation in 70501 Lafayette, LA shows that the median value of homes is $107,400, which is significantly lower than the United States median house value of $338,100. However, the 1 year appreciation rate for houses in 70501 Lafayette, LA is 9.19%, slightly higher than the national average of 8.27%. This indicates that homes in this area are appreciating at a faster rate than the rest of the country and could be a good investment opportunity.
The median home cost in Lafayette (zip 70501) is $107,400. Home appreciation the last 10 years has been 40.3%. Home Appreciation in Lafayette (zip 70501) is up 12.5%.
Average Age of Homes
- The median age of Lafayette (zip 70501) real estate is 51 years old
The Rental Market in Lafayette (zip 70501)
- Renters make up 44.3% of the Lafayette (zip 70501) population
- 1.2% of houses and apartments in Lafayette (zip 70501), 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.