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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 15.90% |
| Two Bedrooms | 27.70% |
| Three Bedrooms | 39.60% |
| Four Bedrooms | 12.90% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $103,700 |
| Median Price asked for vacant units | $92,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $414 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 6.20% |
| Home Equity Loan | 5.80% |
| Simple Mortgage | 50.50% |
| Debt Free | 37.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.3% |
