Area data
Lafayette, LA — ZIP 70508
Population: 40,592 (Census ACS)
Home values & appreciation
- Median home value
- $295,655
- 1-year appreciation
- +1.5%
- 3-year appreciation
- -2.1%
- 5-year appreciation
- +6.3%
- 10-year appreciation
- +9.2%
- All-time peak (2022-07)
- $306,802
- House Price Index
- 368.9 (+2.6% YoY)
Market activity
- Median sale price
- $315,000
- Median list price
- $349,900
- Median days on market
- 38 days
- Sale-to-list ratio
- 98.1%
- Active listings
- 191
- 1-year forecast
- -1.3%
- Days to pending
- 56 days
- New listings (monthly)
- 56
Rents
- Typical rent
- $1,399/mo
- 1-year rent change
- +0.3%
- 1BR fair-market rent
- $846/mo
- 3BR fair-market rent
- $1,340/mo
Affordability
- Cost of living index (Below Average)
- 90.5 (100 = US avg)
- Electricity rate (state-level)
- 12.6¢/kWh
- Natural gas rate (state-level)
- $17.40/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Schools
- Total schools
- 3
- Elementary schools
- 2
- Middle schools
- 0
- High schools
- 1
Natural hazards & flood risk
- Overall hazard risk
- Relatively High
- Top hazards
- hurricane, lightning, coldWave, iceStorm, drought
- FEMA flood zone
- X
- Flood risk level
- Minimal
Climate (30-year normals)
- Average annual temperature
- 70.0°F
- Average high
- 79.0°F
- Average low
- 60.0°F
- Annual precipitation
- 60.1 in
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 47
- Days with Good air quality
- 211
Walkability & transit
- Walkability index
- 8.7 / 20
- Transit service frequency
- -99,999
Amenities
- Nearest airport
- Lafayette Regional Airport (LFT) (4 mi)
- Nearest major airport
- Lafayette Regional Airport (LFT) (4 mi)
- Hospitals nearby (~15 mi)
- 4
- Avg hospital rating
- 2.0 / 5
- Solar radiation rating
- Good (4.7 kWh/m²/day)
Migration
- Net migration
- -55 tax filers
Housing stock
- Median year housing built
- 1,998
- Median annual property tax
- $1,909
- Mean commute to work
- 21 min
- Households with broadband internet
- 84.6%
Employment & development
- Total county employment
- 121,808
- Average weekly wage
- $1,085
- Top industries (by employment)
- Health Care, Accommodation & Food, Professional Services
- Annual residential building permits (county)
- 880
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →