Zip 70503 (Lafayette, LA) Housing

Housing in 70503 Lafayette, LA is very affordable considering the median value of $269,700 compared to the US house median value of $338,100. Over the past year, house appreciation in this area has been 9.19%, which is greater than the US 1 year house appreciation of 8.27%. This shows that housing prices in Lafayette are increasing faster than average and may be a great opportunity for potential homebuyers.

The median home cost in Lafayette (zip 70503) is $269,700. Home appreciation the last 10 years has been 40.3%. Home Appreciation in Lafayette (zip 70503) is up 12.5%.

Average Age of Homes

- The median age of Lafayette (zip 70503) real estate is 39 years old

The Rental Market in Lafayette (zip 70503)

- Renters make up 26.1% of the Lafayette (zip 70503) population
- 3.5% of houses and apartments in Lafayette (zip 70503), 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
	12,984.0	139,647,020.0
	43	42
	$269,700	$338,100
	12.5%	16.6%
	28.4%	57.0%
	40.3%	101.1%
	$6.90	$10.98
	$1,830	$2,690
	62.3%	57.4%
	9.7%	11.2%
	28.0%	31.4%
Vacant Housing
	3.5%	1.9%
	0.8%	0.4%
	0.5%	0.7%
	0.2%	0.4%
	1.0%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	0.2%	2.6%
	1.6%	2.4%
	0.2%	2.8%
	0.9%	3.9%
	1.0%	4.5%
	9.7%	11.3%
	20.8%	13.0%
	25.8%	20.1%
	17.2%	13.6%
	10.5%	8.3%
	7.5%	9.7%
	3.1%	3.9%
	1.3%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.4%	13.6%
	6.4%	13.6%
	8.5%	13.6%
	17.6%	13.2%
	24.5%	14.8%
	8.5%	13.6%
	9.9%	10.0%
	1.8%	4.7%
	0.7%	12.2%

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