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Lafayette Parish Housing Market

Louisiana · 64 counties · Ranked #2245 in home value

Below National Avg

Housing at a Glance

Median Home Value

$234,200

vs national$234,200 vs $281,900 national

Median Gross Rent

$1,022/mo

vs national$1,022 vs $1,163 national

Effective Tax Rate

0.57%

vs national0.57% vs 1.02% national

Median Household Income

$67,660

vs national$67,660 vs $74,755 national

Affordability Ratio

3.5x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

30.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,329

Tax as % of Home Value

0.57%

Monthly Owner Cost

$1,083

Renter Income

$39,276

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Frequently Asked Questions

What is the median home value in Lafayette Parish?

The median home value in Lafayette Parish is $234,200. This is below the national median of $281,900.

How much is rent in Lafayette Parish?

The median gross rent in Lafayette Parish is $1,022 per month.

What is the property tax rate in Lafayette Parish?

The effective property tax rate in Lafayette Parish is 0.57%. The median annual property tax bill is $1,329.

Is Lafayette Parish affordable?

With a home-value-to-income ratio of 3.5x, Lafayette Parish is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.