Lafayette, LA Federal Housing Finance Agency Home Price Index (FHFA HPI)

In the Lafayette, LA, Federal Housing Finance Agency (FHFA) house price index (HPI), home equity is calculated as the difference between the property's value and the outstanding balance of all loans secured by the property. Home prices are measured by taking the weighted-average sales price of properties sold in a given period.

The HPI for Lafayette, LA was 154.4 in December 2020, up from 151.3 in November 2020 and up from 148.0 in December 2019. The HPI for Lafayette peaked at 168.1 in April 2006 and hit its trough of 134.7 in March 2009. Between April 2006 and March 2009, home prices fell 14%. From March 2009 to December 2020, home prices have risen 15%.

Homeowners in Lafayette have seen their equity increase over this time period as well. In December 2020, homeowners had an average of $131,000 in equity, up from $128,000 in November 2020 and up from $124,000 in December 2019. Homeowners' equity peaked at $137,000 in September 2006 and hit its trough of $111,000 in June 2011. Between September 2006 and June 2011, homeowners lost 19% of their equity. From June 2011 to December 2020 homeowners have gained 18% back on their investment