Home Insurance in Lafayette Parish, Louisiana
Homes in Lafayette Parish carry a median value of $242,900 - 12% higher than the Louisiana median.
The typical home in Lafayette Parish was built around 1988. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 11% of homes were built before 1960, about 8 points below Louisiana's 18%.
In Lafayette Parish, the housing stock is 70% single-family homes, 15% apartments in buildings with 5+ units and 10% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Lafayette Parish, about 58% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 65% of occupied homes in Lafayette Parish are owner-occupied. The vacancy rate is 10%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
77% of homes in Lafayette Parish are primarily heated with electricity.
The top hazards for Lafayette Parish, per FEMA's National Risk Index, are hurricane (Very High), inland flooding (Relatively Moderate) and hail (Relatively Low).
Lafayette Parish had 17,040 active National Flood Insurance Program policies as of September 2026. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
In Louisiana, the statewide average premium for a standard HO-3 homeowners policy is $3,027 per year (NAIC, 2023 data).
Key figures
| Median home value | $242,900 |
|---|---|
| Median year built | 1988 |
| Owner-occupied share | 65% |
| Share of owner-occupied homes with a mortgage | 58% |
| Top hazards (FEMA National Risk Index) | Hurricane (Very High), Inland Flooding (Relatively Moderate), Hail (Relatively Low) |
| Active NFIP flood policies (county) | 17,040 |
| Home insurance premium | $3,027 - statewide average (NAIC, 2023 data) |
Towns and cities
Sources
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)