Lafayette, LA 70508 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Lafayette, LA — 70508
Market Hotness
37
Hotness Rank
#9,108
Hotness Score
37
Supply Score
14
Demand Score
59
DOM vs US
+23.0%
Slower
Price vs US
88%
Below avg
Median Listing Price
$377K
Population
40,592
Households
112,184
Median Days on Market
76
Active Listings
202
New Listings
76
Housing Market
Pricing
Median Listing Price
$377K
+13.3% YoY
Average Listing Price
$701K
+25.5% YoY
Price per Sq Ft
$195
+4.3% YoY
Median Sq Ft
2,203
+5.4% YoY
Inventory
Active Listings
202
+7.7% YoY
New Listings
76
+58.3% YoY
Total Listings
275
+8.1% YoY
Buyer Competition
Pending Listings
73
+5.0% YoY
Pending Ratio
0.36
-0.9% YoY
Median Days on Market
76
+3.4% YoY
Price Reduced
18.6%
-3.6% 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
40,592
+3.1% 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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