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Lafayette, LA mortgage & affordability calculator

The typical home in Lafayette, LA is worth about $220,000. With 20% down that's a loan near $176,000 — the calculator is pre-filled with that figure. Lafayette sits at the heart of Cajun Country and the state's oil-services industry, so its housing market has historically tracked energy prices more closely than the national cycle. Louisiana's homestead exemption keeps property taxes low, though inland flood risk still pushes insurance above the national average.

$1,142.70 / month

Total interest
$235,375
Total paid
$411,375
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$44k$88k$132k$176k0612182430Year

How much you need to earn

Lafayette, LA's median household income is about $58,000 a year. Under standard 28/36 lending rules that supports a home price around $193,272 with 20% down — below the $220,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$193,283 max home price

Max loan amount
$149,283
Housing payment budget
$1,353
P&I budget
$969
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Lafayette, LA is about $1,150 a month, so owning the median home costs roughly $377 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Lafayette, LA?
On the metro's roughly $220,000 typical home with 20% down, the loan is about $176,000. Principal and interest run near $1,143 a month at today's rate, and Lafayette, LA's property tax plus insurance add about $384, for a full payment near $1,527.
Can I afford a home in Lafayette, LA on the median income?
The median household income is about $58,000 a year. Under standard 28/36 lending rules that supports a home price around $193,272 with 20% down — below the $220,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Lafayette, LA?
Typical asking rent is about $1,150 a month. The full owner payment on a median home is near $1,527, so owning costs roughly $377 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Lafayette, LA?
The effective property tax rate in the core county is about 0.55% of market value — roughly $1,210 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Lafayette, LA rising or falling?
Home values are up about 2% over the past year. Lafayette sits at the heart of Cajun Country and the state's oil-services industry, so its housing market has historically tracked energy prices more closely than the national cycle. Louisiana's homestead exemption keeps property taxes low, though inland flood risk still pushes insurance above the national average.

Nearby metros

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