Zip 70501 (Lafayette, LA) Housing

The housing situation in 70501 Lafayette, LA shows that the median value of homes is $107,400, which is significantly lower than the United States median house value of $338,100. However, the 1 year appreciation rate for houses in 70501 Lafayette, LA is 9.19%, slightly higher than the national average of 8.27%. This indicates that homes in this area are appreciating at a faster rate than the rest of the country and could be a good investment opportunity.

The median home cost in Lafayette (zip 70501) is $107,400. Home appreciation the last 10 years has been 40.3%. Home Appreciation in Lafayette (zip 70501) is up 12.5%.

Average Age of Homes

- The median age of Lafayette (zip 70501) real estate is 51 years old

The Rental Market in Lafayette (zip 70501)

- Renters make up 44.3% of the Lafayette (zip 70501) population
- 1.2% of houses and apartments in Lafayette (zip 70501), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lafayette, Louisiana	United States
	12,734.0	139,647,020.0
	52	42
	$107,400	$338,100
	12.5%	16.6%
	28.4%	57.0%
	40.3%	101.1%
	$5.88	$10.98
	$249	$2,690
	38.6%	57.4%
	13.3%	11.2%
	48.1%	31.4%
Vacant Housing
	1.2%	1.9%
	2.1%	0.4%
	0.5%	0.7%
	0.9%	0.4%
	0.7%	3.6%
	7.8%	4.1%
Value of Owner-Occupied Housing
	5.5%	2.6%
	3.2%	2.4%
	12.0%	2.8%
	11.2%	3.9%
	16.4%	4.5%
	21.9%	11.3%
	14.0%	13.0%
	9.3%	20.1%
	4.5%	13.6%
	1.2%	8.3%
	0.2%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.5%	13.6%
	4.5%	13.6%
	6.5%	13.6%
	11.8%	13.2%
	20.1%	14.8%
	6.5%	13.6%
	13.9%	10.0%
	7.6%	4.7%
	5.9%	12.2%

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