Lafayette, LA 70506 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Lafayette, LA — 70506
Market Hotness
30
Hotness Rank
#10,417
Hotness Score
30
Supply Score
25
Demand Score
35
DOM vs US
+12.5%
Slower
Price vs US
52%
Below avg
Median Listing Price
$223K
Population
42,318
Households
112,184
Median Days on Market
66
Active Listings
156
New Listings
64
Housing Market
Pricing
Median Listing Price
$223K
-11.8% YoY
Average Listing Price
$271K
+2.7% YoY
Price per Sq Ft
$138
-3.9% YoY
Median Sq Ft
1,599
-3.3% YoY
Inventory
Active Listings
156
+5.1% YoY
New Listings
64
+18.5% YoY
Total Listings
208
-2.6% YoY
Buyer Competition
Pending Listings
51
-20.5% YoY
Pending Ratio
0.32
-10.4% YoY
Median Days on Market
66
-30.3% YoY
Price Reduced
23.3%
-1.8% YoY
FY2026 Fair Market Rent — Lafayette Parish
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$779
/month
1 BR
$898
/month
2 BR
$1,019
/month
3 BR
$1,301
/month
4 BR
$1,581
/month
FMR Trends — Lafayette Parish
Source: HUD Fair Market Rents
Demand Fundamentals
Median Age
36.5
2024
Population
ZIP Population
42,318
+1.8% YoY
Lafayette Parish Population
254,241
+1.5% YoY
Households
Total Housing Units
112,184
+1.6% YoY
Age
2024 Age Mix
248K
residents
Under 18
59,948
24.2%
Adults 18–64
151,581
61.1%
65 & Over
36,468
14.7%
Age Composition Over Time
2017–2024
Population Under 18
59,948
+1.1% YoY
Population 65 & Over
36,468
+3.9% YoY
Median Age
36.50
+0.3% YoY
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