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Lafayette Parish

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

Median Home$246,276
Median Rent$1,075/month
Population247,997
Leading IndustriesManufacturing · Arts, Food & Hospitality · Healthcare5% manufacturing
Home Value Growth+7.5% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners65% of occupied units
NotableAmenity Score80/100 · highly walkable area
NotableHighly Educated24% hold a bachelor's degree · top 10% nationally
Lafayette Parish
LA

Frequently Asked Questions

What are today's mortgage rates in Lafayette Parish?

As of today, the 30-year fixed mortgage rate for Lafayette Parish is approximately 7.113% (7.141% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lafayette Parish?

The median home value in Lafayette Parish is $246k. The median monthly rent is $1,075. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lafayette Parish?

Home values in Lafayette Parish have increased 7.5% 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 Parish?

Based on a typical all-in ownership cost of $1,119/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lafayette Parish is $74k/year.

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What industries drive the economy in Lafayette Parish?

The largest employment sectors in Lafayette Parish are public administration (25%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas