Lafayette Parish, Louisiana home prices
Typical home $235,880 · +2.1% in a year · property tax 0.57%
The typical home in Lafayette Parish is worth $235,880, 10% more than the Louisiana typical home ($213,867). Values changed +2.1% in the past year and +5.8% over five years. Homeowners here pay a median 0.57% of their home's value in property tax each year ($1,340 on the typical home), versus 0.55% statewide.
Mortgage on the typical Lafayette Parish home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $47,176 | $188,704 | $1,269 | $0 | $230 | $1,499 | $64,200 |
| 10% down | $23,588 | $212,292 | $1,428 | $88 | $230 | $1,746 | $74,800 |
| 5% down | $11,794 | $224,086 | $1,507 | $93 | $230 | $1,830 | $78,400 |
| 3.5% down (FHA) | $8,256 | $231,607 | $1,558 | $104 | $230 | $1,892 | $81,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.57% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Louisiana · part of the Lafayette metro area.
Louisiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| East Baton Rouge Parish | $231,673 | +2.1% | 0.67% |
| Orleans Parish | $242,069 | -1.5% | 0.83% |
| Cameron Parish | $229,317 | +10.2% | 0.46% |
| Bossier Parish | $243,131 | +1.8% | 0.64% |
| Lincoln Parish | $224,803 | +2.5% | 0.46% |
| East Feliciana Parish | $222,588 | +0.7% | 0.15% |
| Tangipahoa Parish | $221,760 | +1.0% | 0.41% |
| West Baton Rouge Parish | $250,605 | +2.0% | 0.54% |
| Livingston Parish | $251,771 | +3.4% | 0.46% |
| Saint Bernard Parish | $211,150 | +3.0% | 0.47% |
Frequently asked questions
What is the average home price in Lafayette Parish, LA?
The typical home value in Lafayette Parish is $235,880 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Lafayette Parish?
About $64,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Lafayette Parish?
The median effective rate is 0.57% of home value a year (Census ACS 2024 5-year estimates).