Lafayette, LA home prices
Typical home $200,358 · +2.8% in a year · income needed $54,600
The Lafayette, LA metro area ranks 638 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.8% in a year and +2.1% over five years. With 20% down at 7.11%, the typical home costs about $1,273 a month including 0.57% property tax (Lafayette Parish rate).
Mortgage on the typical Lafayette home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,072 | $160,286 | $1,078 | $0 | $195 | $1,273 | $54,600 |
| 10% down | $20,036 | $180,322 | $1,213 | $75 | $195 | $1,483 | $63,600 |
| 5% down | $10,018 | $190,340 | $1,280 | $79 | $195 | $1,555 | $66,600 |
| 3.5% down (FHA) | $7,013 | $196,729 | $1,323 | $89 | $195 | $1,607 | $68,900 |
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.
Counties in the Lafayette area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lafayette Parish, LA | $235,880 | +2.1% | 0.57% |
| Iberia Parish, LA | $145,862 | +2.7% | 0.36% |
| Acadia Parish, LA | $153,529 | +5.5% | 0.31% |
| Vermilion Parish, LA | $157,990 | +3.7% | 0.36% |
| Saint Martin Parish, LA | $170,804 | +2.9% | 0.44% |
What can you afford in Louisiana on your salary? · Louisiana home prices · Salaries in Louisiana
Frequently asked questions
How much is a house in Lafayette?
The typical home in the Lafayette, LA metro area is worth $200,358 (Zillow, September 2026).
What salary do you need to buy a house in Lafayette?
About $54,600 a year for the typical home with 20% down at 7.11%.