Zip 70508 (Lafayette, LA) Housing


1 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
The housing market in Lafayette, LA (zip code 70508) is doing quite well. According to recent data, the median value for homes in this area is $278,300. Compared to the US median house value of $338,100, this is slightly lower but still a significant amount. The US experienced a 1 year house appreciation of 8.27%, while Lafayette was able to exceed that with a 9.19% appreciation rate in just one year's time. This suggests that people are increasingly interested in Lafayette as an ideal place to purchase or rent a home and could be indicative of future growth opportunities for the city.

The median home cost in Lafayette (zip 70508) is $278,300. Home appreciation the last 10 years has been 40.3%. Home Appreciation in Lafayette (zip 70508) is up 12.5%.

Average Age of Homes
- The median age of Lafayette (zip 70508) real estate is 24 years old
The Rental Market in Lafayette (zip 70508)
- Renters make up 32.1% of the Lafayette (zip 70508) population
- 3.1% of houses and apartments in Lafayette (zip 70508), 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

  HousingLafayette, LouisianaUnited States
  18,380.0139,647,020.0
  2542
  $278,300$338,100
  12.5%16.6%
  28.4%57.0%
  40.3%101.1%
  $6.64$10.98
  $1,688$2,690
  56.5%57.4%
  11.5%11.2%
  31.9%31.4%
  Vacant Housing
  3.1%1.9%
  1.0%0.4%
  2.2%0.7%
  1.4%0.4%
  2.1%3.6%
  1.7%4.1%
  Value of Owner-Occupied Housing
  2.0%2.6%
  2.1%2.4%
  0.9%2.8%
  0.5%3.9%
  0.3%4.5%
  6.7%11.3%
  16.3%13.0%
  34.4%20.1%
  15.8%13.6%
  9.2%8.3%
  8.0%9.7%
  1.3%3.9%
  1.8%2.2%
  0.6%0.8%
  0.2%1.1%
  Housing Units by Year Structure Built
  0.1%0.2%
  22.8%13.6%
  22.8%13.6%
  16.1%13.6%
  23.2%13.2%
  14.2%14.8%
  16.1%13.6%
  0.8%10.0%
  0.1%4.7%
  0.6%12.2%
Reviews for Lafayette
    See all (1)

Over 15 years ago

Must be experienced to  More

   |    Reply

Start Your Review of Lafayette

Commute