
Get Caught Up: Home prices are up in Lafayette, but the market is down
Sticky prices and declining sales have Lafayette Parish in its coldest housing market since the pandemic began, but surrounding parishes aren’t feeling the freeze.
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Sticky prices and declining sales have Lafayette Parish in its coldest housing market since the pandemic began, but surrounding parishes aren’t feeling the freeze.
Recent data suggest growth in Lafayette Parish is primarily driven by residents leaving surrounding parishes, not net migration. That’s not sustainable.
The gist: The five-parish metro area is estimated to have plateaued or shrunk in the last two years, despite modest growth in Lafayette Parish, according to the latest data from the U.S. Census Bureau.
The gist: Annual estimates from the U.S. Census Bureau show across-the-board declines in growth speed, and shrinking populations, in and around Lafayette from 2016-2017.
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