Lafayette, LA Real Estate

According to census data in the year 2000 there were 46,840 housing units in Lafayette. This represents a 16% growth from 40,379 in 1990.

Of those housing units, 46,729 were located in either urbanized areas or urban clusters, and 111 were located in what is classified as a rural area.

Homeownership rate in Lafayette is about 58.3%. Lafayette's vacancy rate, including seasonal lodging, is about 7.1%. Average household size is 2.43 people.

The majority of houses, apartments or condos in Lafayette were built after 1974.


Housing Size

Housing Units by Size
Studio Type2.30%
One Bedroom15.90%
Two Bedrooms27.70%
Three Bedrooms39.60%
Four Bedrooms12.90%
Five Bedrooms or more1.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.68
Median year structure was built1972
Median Value of occupied units$103,700
Median Price asked for vacant units$92,600

Rented Homes, Apartments and Condos

Average Household Size2.09
Median year structure was built1975
Median Monthly Rent asked for vacant units$414

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage6.20%
Home Equity Loan5.80%
Simple Mortgage50.50%
Debt Free37.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.3%