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Lafayette, LA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,313
Monthly Cash Flow
-$95
Principal + Equity
$311
Annual Total Gain
$2,588
Cash on Cash
-2.07%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$136
Occupancy Rate
55.56%
Monthly Revenue
$1,656
Monthly Cash Flow
-$0
Principal + Equity
$311
Annual Total Gain
$3,726
Cash on Cash %
0%
Net ROI %
Market Health & Growth
Median Income
$61,454
Population
121,537
LTR Renter %
45.04%
Forecast (1 yr)
-3.46%
Appreciation (1 yr)
-1.63%
Appreciation (5 yr)
5.58%
Appreciation (10 yr)
7.97%
Job Growth
1.14%
LTR Rentability
High
STR Demand
44
STR Rentals
455
Top Public Schools
BLafayette High School
BAcadiana Renaissance Charter Academy
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Cities to Live in America
#56out of 229 markets
Best Cities to Retire in America
#37out of 229 markets
Cities with the Lowest Cost of Living in America
#57out of 229 markets
B
Public School
D
Crime And Safety
C
Housing
B
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Lafayette, LA.
In Lafayette, LA, Short Term Rentals (STRs) are regulated by the Lafayette Consolidated Government. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning Restrictions: Lafayette has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Permitting Requirements: In order to operate a STR in Lafayette, property owners must obtain a permit from the Lafayette Consolidated Government. This permit must be renewed annually and there are fees associated with the application process.
3. Occupancy Limits: Lafayette has occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they comply with them when renting out their property.
4. Noise and Nuisance Regulations: Lafayette has noise and nuisance regulations that apply to all properties, including STRs. Investors should be aware of these regulations and ensure that their guests are respectful of their neighbors.
5. Taxation: Property owners who operate STRs in Lafayette are required to collect and remit occupancy taxes to the Lafayette Consolidated Government. Investors should be aware of these tax obligations and ensure that they are in compliance with them.
6. Insurance Requirements: Investors should also consider obtaining the appropriate insurance coverage for their STR property, including liability insurance and coverage for short term rental activities.
Overall, investors looking to purchase a property for Short Term Rental purposes in Lafayette, LA should familiarize themselves with the local regulations and ensure that they are in compliance with all applicable laws and requirements.
Market Trends Over Time
Explore 25 years of market data for Lafayette, LA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Lafayette, LA.
The LTR Genie Score of Lafayette, LA is 52 and STR Genie Score is 42, indicating a moderate level of attractiveness for long-term rental investment and a low level of attractiveness for short-term rental investment. The LTR Rentability is high, suggesting that there is a strong demand for long-term rentals in the area. However, the LTR Rent Growth Rate is stagnant at 0.0%, which may limit potential income growth for long-term rental properties. On the other hand, the STR Net ROI is higher than the LTR Net ROI, indicating that short-term rental properties may provide a better return on investment in Lafayette.
Lafayette, LA is a vibrant city known for its rich cultural heritage, delicious cuisine, and strong sense of community. The city is also home to several universities, which can attract a steady stream of potential tenants for both long-term and short-term rental properties. Additionally, Lafayette's strategic location in the heart of Cajun Country makes it a popular destination for tourists seeking an authentic Louisiana experience.
In conclusion, Lafayette, LA may be an attractive market for real estate investors interested in short-term rental properties due to the higher potential ROI compared to long-term rentals. However, investors should carefully consider the 1-Year Price Appreciation Forecast of -3.46% before making any investment decisions. Overall, a diversified portfolio that includes both long-term and short-term rental properties may be a prudent strategy in this market.
LTR Genie Score 93
$160,000
🛏 4 Beds🛁 2.0000 Baths🏙 2,950 sqft.🏠 SINGLE FAMILY
