Safe Rate Local

Lafayette

Learn about the people, housing, costs and businesses in Lafayette

Median Home$213,076
Median Rent$976/month
Population413,428
Leading IndustriesManufacturing · Agriculture & Mining · Transportation6% manufacturing
Home Value Growth+7.2% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners68% of occupied units
NotableAffordable Market$213k median home · lower cost than 72% of the country
Lafayette

Frequently Asked Questions

What are today's mortgage rates in Lafayette?

Mortgage rates for Lafayette are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Lafayette
What is the median home price in Lafayette?

The median home value in Lafayette is $213k. The median monthly rent is $976. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lafayette?

Home values in Lafayette have increased 7.2% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lafayette?

Based on a typical all-in ownership cost of $964/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lafayette is $68k/year.

Calculate your buying power
What industries drive the economy in Lafayette?

The largest employment sectors in Lafayette are public administration (25%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.