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Sarah Mitchell

CNESRESABR

Compass Real Estate · Lafayette, LA

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Lafayette, LA(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Lafayette, LA Housing Market & Real Estate

Balanced market+2.9% YoY

Housing market overview · Updated monthly ·

$250,957median sale price

How is the Lafayette, LA housing market right now?

The median home sale price in Lafayette, LA is $250,957, up 2.9% year-over-year. Homes sell in an average of 43 days with 527 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

Is Lafayette a buyer's or seller's market?

Balanced market3.8 months of supply43 avg. days on market

Lafayette, LA is currently a balanced market, based on 3.8 months of supply and homes selling in about 43 days. How we determine this →

Homes sold

137

Last 12 weeks

Days on market

43

Average pace

Active listings

527

3.8 months supply

Sale-to-list

97.6%

Below asking

What does the Lafayette housing market data show?

Current housing market statistics for Lafayette, LA
MetricValue
Median sale price$250,957
Median list price$255,000
Year-over-year price change+2.9%
Average days on market43 days
Active inventory527 listings
Months of supply3.8 months
Sale-to-list price ratio97.6%
Median price per sq ft$146/sq ft
Homes sold (latest month)137
New listings (latest month)123
Listings with a price cut31.3%
Market conditionBalanced market

Source: Redfin · Updated monthly

How much do homes cost in Lafayette by property type?

How the Lafayette, LA market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Lafayette, LA
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$250,997$147/sq ft13543 days
Townhouse$127,000$91/sq ft169 days

Source: Redfin · Updated monthly

The Lafayette housing market is currently classified as a balanced market with a median sale price of $250,957. Prices have risen 2.9% compared to last year, with homes spending an average of 43 days on market, indicating 3.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.7x provides context for how home values compare to local earning capacity.

Homes for sale in Lafayette

There are currently 527 homes listed for sale in Lafayette, Louisiana. The median listing price is $255K. Featured listings range from $139,900 to $620,000.

3 bedroom house for sale at 116 Swedish Dr Lafayette 70507 - $139,900
New Listing
17
$139,900

116 Swedish Dr

Lafayette, LA 70507

3 bd2 ba1,161 sqft$120/ft²
House6,534 sqft lot

Blake Gilbert · Real Broker, LLC

View photos & details
3 bedroom house for sale at 202 Federal St Lafayette 70506 - $195,000
New Listing
21
$195,000

202 Federal St

Lafayette, LA 70506

3 bd2 ba1,441 sqft$135/ft²
House9,148 sqft lot

William Raines · HUNCO Real Estate

View photos & details
3 bedroom house for sale at 109 Lake Oak Dr Lafayette 70507 - $234,500
New Build
30
$234,500

109 Lake Oak Dr

Lafayette, LA 70507

3 bd2 ba1,447 sqft$162/ft²
House
View photos & details
4 bedroom house for sale at 212 Southern Oak Dr Lafayette 70507 - $249,500
New Build
32
$249,500

212 Southern Oak Dr

Lafayette, LA 70507

4 bd2 ba1,786 sqft$140/ft²
House
View photos & details
3 bedroom house for sale at 108 Brattle Ct Lafayette 70506 - $250,992
New Build
10
$250,992

108 Brattle Ct

Lafayette, LA 70506

3 bd2 ba1,613 sqft$156/ft²
House
View photos & details
4 bedroom house for sale at 106 Lake Oak Dr Lafayette 70507 - $257,500
New Build
32
$257,500

106 Lake Oak Dr

Lafayette, LA 70507

4 bd2 ba1,786 sqft$144/ft²
House
View photos & details
4 bedroom house for sale at 110 Yonkers Dr Lafayette 70507 - $266,000
New Build
32
$266,000

110 Yonkers Dr

Lafayette, LA 70507

4 bd2 ba1,837 sqft$145/ft²
House
View photos & details
3 bedroom house for sale at 133 Ambiance Cir Lafayette 70508 - $275,000
New Listing
20
$275,000

133 Ambiance Cir

Lafayette, LA 70508

3 bd3 ba1,756 sqft$157/ft²
House3,049 sqft lot

Lorelei Adams · Keller Williams Realty Acadiana

View photos & details
4 bedroom house for sale at 112 Yonkers Dr Lafayette 70507 - $278,000
New Build
32
$278,000

112 Yonkers Dr

Lafayette, LA 70507

4 bd2 ba2,072 sqft$134/ft²
House
View photos & details
5 bedroom house for sale at 337 White Pine Dr Lafayette 70501 - $316,500
New Build
34
$316,500

337 White Pine Dr

Lafayette, LA 70501

5 bd3 ba2,772 sqft$114/ft²
House
View photos & details
5 bedroom house for sale at 302 Bellewood Dr Lafayette 70507 - $344,500
New Build
3
$344,500

302 Bellewood Dr

Lafayette, LA 70507

5 bd3 ba2,623 sqft$131/ft²
House
View photos & details
4 bedroom house for sale at 114 Westfield Dr Lafayette 70503 - $620,000
New Listing
39
$620,000

114 Westfield Dr

Lafayette, LA 70503

4 bd3 ba2,900 sqft$214/ft²
House12,197 sqft lot

Fred Arsement · Keller Williams Realty Acadiana

View photos & details

Looking to buy in Lafayette?

Get connected with a local real estate expert — free, no obligation.

Active listings

527

Homes on market

Median list price

$255K

Avg. days on market

43

Days until sale

New this week

123

Newly listed

Price drops:31.3%of listings
Sale-to-list:97.6%

Who lives in Lafayette?

Population

121,537

Median income

$61,454/yr

Median age

37.1 years

Owner-occupied

55.0%

College grads

40.6%

Avg commute

19.9 min

Source: U.S. Census Bureau ACS

What are homes worth in Lafayette?

Zillow home value

$228,144

Zillow rent index

$1,324/mo

Price-to-rent ratio

14.4x

Price-to-income

3.7x

Source: Zillow Research

What is it like to live in Lafayette?

Lafayette is a community of approximately 122K residents with a median age of 37.1 years.The median household income is $61,454, which represents a working-class community with solid middle-income opportunities. 40.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.

Homeownership rates are at 55.0%, showing a blend of owner and renter-occupied properties. The average commute time is 19.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lafayette offers a balanced lifestyle with accessible home values relative to local income levels.

Which public schools serve Lafayette?

30 schools tracked · 21,892 students

The largest public schools serving Lafayette, LA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.

Lafayette High School

Grades 9-12 · 1,862 students

Public

Acadiana High School

Grades 9-12 · 1,835 students

Public

Lafayette Renaissance Charter Academy

Grades PK-12 · 1,809 students

Charter

David Thibodaux STEM Magnet Academy

Grades 6-12 · 1,366 students

Vocational

Milton Elementary School

Grades PK-8 · 1,300 students

Public

Carencro High School

Grades 9-12 · 1,243 students

Public

O. Comeaux High School

Grades 9-12 · 982 students

Public

L.J. Alleman Middle School

Grades 6-8 · 903 students

Public

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

Which cities are near Lafayette, LA?

Want a head-to-head view? Compare Lafayette side-by-side with any other U.S. city using our market-comparison tool.

Which ZIP codes are in Lafayette?

Is Lafayette a good real estate investment market?

For investors evaluating Lafayette, the price-to-rent ratio of 14.4x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 2.9% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lafayette's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lafayette's median home price.

Frequently asked questions

What is the average home price in Lafayette?

The median home sale price in Lafayette is $250,957, up 2.9% from last year.

How long do homes stay on market in Lafayette?

Homes typically spend 43 days on market before going under contract.

What is the median income in Lafayette?

The median household income is $61,454 per year.

Is Lafayette a buyer's or seller's market?

With 3.8 months of supply, Lafayette is currently a balanced market.

How many homes are for sale in Lafayette?

There are currently 527 homes listed for sale in Lafayette, LA.

What is the Zillow home value estimate for Lafayette?

The Zillow Home Value Index (ZHVI) for Lafayette is $228,144, representing the typical home value in the area.

How much does a single-family home cost in Lafayette?

The median single-family home price in Lafayette, LA is $250,997 (about $147 per square foot).

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