73 / 100

Lafayette Parish, LA

District G

RANK #269 / 996 NAT  ·  #7 / 21 LA  ·  POP 243,175

1YR FORECAST: +0.1%

5YR OUTLOOK: +30%

Our model projects above-average housing market growth for Lafayette Parish at +0.1% over the next year.

[01] Why Lafayette Parish?

Lafayette Parish, Louisiana, often called the "Happiest City in America," is known for its distinct Cajun and Creole culture, a heritage evident in its music, food, and festivals. Located in South-Central Louisiana, Lafayette is approximately 21 miles northwest of New Iberia. The community has a familial feel, with hospitality and year-round celebrations like Festival International de Louisiane and Festivals Acadiens et Créoles. Outdoor recreation is accessible, with opportunities for bird watching, paddling, and fishing in the area's swamps and bayous, including Cypress Island Preserve and the Bayou Vermilion Paddle Trail. The Lafayette Transit System provides public transportation within the parish, with routes serving the city of Lafayette.

Life in Lafayette Parish offers an affordable cost of living. The Lafayette Parish School System serves nearly 30,000 students across 44 schools, including elementary, middle, and high schools. The University of Louisiana at Lafayette also contributes to the area's educational landscape. The local economy, historically tied to the oil and natural gas industry, is diversifying. Recent economic developments highlight investments in infrastructure and job growth, with over 190,000 jobs reported in 2025. The parish is also seeing growth in technology, healthcare, and advanced manufacturing.

[02] Market Snapshot

Housing Ratio
3.4x

Undervalued relative to economy

GDP Growth
+2.7%

Below national median

Home Prices
+1.0%

Below national median

Climate & Terrain
-2.5

Below-average climate & terrain

Price/Rent
14x

Above national median (13x)

Housing looks undervalued at 3.4x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Ochsner Lafayette General Healthcare
    2,500+
  2. 2
    Lafayette Parish School System Education
  3. 3
    University of Louisiana at Lafayette Education
  4. 4
    Stuller, Inc. Manufacturing
    1,000+
  5. 5
    LHC Group Healthcare
    500+
  6. 6
    CGI Technology
  7. 7
    Schlumberger Energy
  8. 8
    Lafayette Consolidated Government Government
  9. 9
    Our Lady of Lourdes Regional Medical Center Healthcare
  10. 10
    Walmart Companies Retail

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Lafayette Parish U.S. National

The Numbers

DEMOGRAPHICS
Population
243,175
+0.83% YoY
Median Household Income
$66,617
Median Home Value
$222,400
+1.04% 12mo
Median Rent
$986
Average Annual Pay
$58,120
+3.0% YoY
Employment
137,173
+1.8% YoY
Income-to-Home-Value
0.2995
More affordable than average
Migration Inflow
3.73%
of pop. from another state
Bachelor's Degree+
34.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$260,779
Days on Market
78
Slower market
Months of Supply
4.5
Balanced market
Sale-to-List Ratio
97.9%
Negotiation room for buyers
Sold Above List
8.4%
Listings w/ Price Drops
23.4%
Building Permits (2024)
1,592
Single-Family Permits
1,574

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
10.8
per 100K · nat avg 6.3
Firearm Fatalities
20.2
per 100K · nat avg 14.8
Injury Deaths
90.8
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
45.3
Good
Good Air Days
61%
667 of 1,094 days
Unhealthy+ Days (3yr)
3
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
42
2022
47
2023
47
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Score Breakdown

GDP Growth +2.7% 49 percentile
Population Growth +0.8% 66 percentile
Income Growth +5.2% 4 percentile
Vacancy Rate 1.6% 18 percentile
Home Price Change +1.0% 46 percentile
Rent Growth +2.7% 44 percentile
Price/Rent 14x 46 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Lafayette Parish, LA a good place to move to?

With a Boom Town Index score of 73/100, Lafayette Parish sits in the upper half of all 996 ranked counties. Employment is expanding at +1.8%, and median household income stands at $66,617 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in LA.

Is Lafayette Parish affordable?

Housing in Lafayette Parish is roughly in line with national affordability norms. The median home costs $222,400 and the income-to-home-value ratio sits at 0.30, with rents averaging $986/month. Not a bargain, but not a stretch for most local earners either.

Is Lafayette Parish growing or shrinking?

Lafayette Parish is growing on multiple fronts. Population is up +0.8% year-over-year while employers added jobs at a +1.8% clip. Home values shifted +1.0% in the past year.

Are people moving to Lafayette Parish?

There's a moderate stream of newcomers. About 3.73% of residents moved from another state, which is above average and suggests Lafayette Parish has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Livingston Parish, LA 78 St. Martin Parish, LA 67 St. Charles Parish, LA 67 Rapides Parish, LA 82 Tangipahoa Parish, LA 62 Ouachita Parish, LA 61 Lackawanna County, PA 73 Lorain County, OH 73