Market Overview
Home Prices in Erath, LA
The median home value in Erath, LA is $144,928 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.1% compared to a year ago and down 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Erath are priced65% below average. Erath is part of the Lafayette, LA metro area.
Over the past five years, Erath home values have fallen by approximately2.3%, reflecting softening conditions in this market.
Price History
Erath Home Price Trend
2020
$145,448
$145K
—
2021
$148,268
$148K
+1.9%
2022
$159,210
$159K
+7.4%
2023
$158,210
$158K
-0.6%
2024
$148,280
$148K
-6.3%
2025
$144,711
$145K
-2.4%
2026
$144,928
$145K
+0.1%
City Comparison
Erath vs. National Median
🏠 Erath
$144,928
National Median
$410,000
At $144,928, homes in Erath cost 65% below the national median of $410,000. This makes Erath a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Erath?
20% Down Payment
$28,986
on $144,928
Monthly P&I
$756/mo
30-yr @ 6.8%
Total Monthly Est.
~$960/mo
incl. taxes & insurance
Income Needed
$38,400
gross annual (30% rule)
10% Down Option
$14,493
+ PMI applies
Loan Amount (20% dn)
$115,942
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Erath, LA?
The median home value in Erath is $144,928 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.1% year-over-year.
How much have home prices changed in Erath?
Over the past year, home values in Erath have increased by 0.1%. Over five years, prices have fallen approximately 2.3%.
How much do I need to earn to buy a home in Erath?
To comfortably afford the median home price of $144,928 with a 20% down payment ($28,986) at today's rates (6.8%), you'd need a gross annual income of approximately $38,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Erath compare to the national average home price?
The national median home value is approximately $410,000. At $144,928, homes in Erath are 65% below the national average.
What metro area is Erath part of?
Erath is part of the Lafayette, LA metropolitan area. Home prices and market conditions can vary across the broader metro region.