Market Overview
Home Prices in Lafayette, LA
The median home value in Lafayette, LA is $228,144 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and down 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lafayette are priced44% below average. Lafayette is part of the Lafayette, LA metro area.
Over the past five years, Lafayette home values have risen by approximately6.1%, reflecting steady appreciation in this market.
Price History
Lafayette Home Price Trend
City Comparison
Lafayette vs. National Median
At $228,144, homes in Lafayette cost 44% below the national median of $410,000. This makes Lafayette a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lafayette?
20% Down Payment
$45,629
on $228,144
Monthly P&I
$1,190/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,511/mo
incl. taxes & insurance
Income Needed
$60,440
gross annual (30% rule)
10% Down Option
$22,814
+ PMI applies
Loan Amount (20% dn)
$182,515
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 Lafayette, LA?
The median home value in Lafayette is $228,144 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Lafayette?
Over the past year, home values in Lafayette have increased by 2%. Over five years, prices have risen approximately 6.1%.
How much do I need to earn to buy a home in Lafayette?
To comfortably afford the median home price of $228,144 with a 20% down payment ($45,629) at today's rates (6.8%), you'd need a gross annual income of approximately $60,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Lafayette compare to the national average home price?
The national median home value is approximately $410,000. At $228,144, homes in Lafayette are 44% below the national average.
What metro area is Lafayette part of?
Lafayette is part of the Lafayette, LA metropolitan area. Home prices and market conditions can vary across the broader metro region.