There are currently 41,437 real estate properties in Lafayette, LA, with a median automated valuation model (AVM) price of $199,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lafayette, LA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lafayette, LA, is $231,685.00, with the most expensive house in Lafayette, LA, topping out at $7,663,200.00 and the cheapest home in Lafayette, LA, clocking in at $11,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Lafayette, LA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lafayette, LA, is on a rollercoaster ride. The average rent price in Lafayette, LA, is $1,489.00. Indeed, when looking to rent in Lafayette, LA, you can expect to pay as little as $520.00 or as much as $3,700.00, with the average rent median estimated to be $1,410.00. The good news is that finding an affordable and desirable property to rent in Lafayette, LA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Lafayette, LA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Lafayette, LA and much more. Save thousands at closing with home foreclosure listings in Lafayette, LA — up to 75% off market value!
Lafayette is located in Lafayette, Louisiana, with an estimated municipal population of 126,185 residents. All of the best foreclosed homes for sale in Lafayette are located in the following zip code areas on Foreclosure.com: 70508 70507 70506 70503 70501 70502 70504 70505 70509 70593 70596 70598. The estimated population per square kilometer (.62 miles) in Lafayette is 877.
So, about how much do homes cost in Lafayette? The most recent median value of resident-owned homes in Lafayette is 195,979. An estimated 56.6 percent of households in Lafayette own their homes, with an average family size of 3.15. The median household income in Lafayette is 51,264, with23.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lafayette, the median commute time of resident workers (in minutes) is 21.2. And last, but certainly not least, are you looking for homes to rent in Lafayette? If so, the average rent price paid by renters in Lafayette is 890, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lafayette, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Lafayette is 35.8, split between 48.7 percent male versus 51.3 female. The percentage of residents who report being married in Lafayette is 38.8, with an average family size of 3.15.
The percentage of residents who report their race in Lafayette is as follows:
|Black / African American||30.9%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Lafayette? Or maybe you are searching for 55+ active adult communities in and/or near Lafayette?
The percentage of residents who report their age in Lafayette is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lafayette with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lafayette.
How do you know that living in -- or moving to -- Lafayette is right where you need to be? Perhaps you grew up in Lafayette or already live nearby; therefore, the decision to buy a home in Lafayette is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lafayette for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lafayette:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lafayette.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lafayette can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lafayette, meanwhile, can field multiple offers from more qualified buyers.