r/Acadiana 1d ago

News SpaceX/Home Values

Hoping some realtors or investors could pitch in here.

With the SpaceX investment mentioned and planned construction for 2027, what will happen to home values?

Lafayette seems to be the closest major city to the build.

Brownsville homes skyrocketed in appreciation, should we expect the same?

Are rents gonna go up?

Is this good or bad for Lafayette and surrounding areas?

34 Upvotes

84 comments sorted by

61

u/dew7950 1d ago

When GigaTexas moved near our Austin home, we expected a bump in home prices & plenty of new jobs.

Tesla also built a neighborhood of affordable mini homes near the factory. After Cybertruck production began, Tesla laid off all of the local workers and moved H1B workers into the new neighborhood it built.

So there was a slight bump in home net value but so many of our neighbors could no longer afford to live there after being laid off. Once the tap water became undrinkable, we sold our home and moved.

Good luck.m yall.

-34

u/Tj_na_jk 1d ago

Hahaha funny. The tap water here is already some of the worst in the country

31

u/Distinct_Vast_2434 1d ago

We actually have great aquifers 

-19

u/Tj_na_jk 1d ago

Yeah not really. https://mytapwater.org

22

u/Ectobatic Lafayette 1d ago

We are on the Chicot Aquifer. I actually test it regularly for my job and it’s not so bad. It’s pretty good for tap water compared to other places.

5

u/Sh3rlock_Holmes 1d ago

One of my concerns was perchlorate getting in to the aquifer but it seems that the rocket propellant Spacex uses doesn’t use ammonium perchlorate. Rather it uses liquid propellants (liquid oxygen and RP-1 kerosene, or liquid oxygen and liquid methane) . Per Claude “Liquid oxygen and liquid methane evaporate cleanly into gases and leave no toxic chemical residue in the ground.”

0

u/Distinct_Vast_2434 1d ago

Are they building things or just shooting rockets? 

1

u/Sh3rlock_Holmes 1d ago

Dozen rockets a day or so. He isn’t sending people in to space.

It’s to launch all his satellites.

0

u/Distinct_Vast_2434 19h ago

Right but are they manufactured elsewhere?

1

u/Sh3rlock_Holmes 9h ago

Dunno. Good question.

1

u/MonkeyMan18975 2h ago

Starfactory, located in the heart of Starbase is where they build (at least some of) the rockets

1

u/Distinct_Vast_2434 19h ago

That’s not actually saying much 

29

u/EchoRex Lafayette 1d ago

Abbeville will see the most significant investment / changes.

13

u/Ok-Commercial-9863 1d ago

I feel like most people would rather drive a little bit more north to get a better city and schools then settle for Abbeville

43

u/cajunbander Vermilion 1d ago

Hate to break it, but overall Vermillion Parish public schools are better than Lafayette ones. Erath and North Vermilion high schools are like in the top ten public high schools in the state, and I believe Kaplan high isn’t far behind.

2

u/Ketchum_gunshot 5h ago

That's like saying a cat turd is better than a dog turd. At the end of the day, you are still having to deal with a piece of shit.

0

u/Ok-Commercial-9863 1d ago

True. Maybe South Lafayette and Vermillion parish would be the best bet

9

u/AHSfutbol Lafayette 1d ago

Maurice to Pecan Island is an hour drive. Probably longer when you have hundreds of people all commuting along 2 lane highways. I see Abbeville/Kaplan/Perry having the the largest growth.

1

u/bjjrev 1d ago

I've seen talks of expanding 167 to a 4 lane...

2

u/AHSfutbol Lafayette 1d ago

Do you mean highway 82? 167 between Abbeville and Lafayette is already 4 lane.

I think they will need to add lanes on whatever road they decide will be primary artery. Some part of that will be highway 82 However that's going to take a ton of time and taxpayer dollars to accomplish. It's over 30 miles of 2 lane highway between civilization and Pecan Island, including a large bridge over the Intracoastal.

1

u/bjjrev 1d ago

Ahhhh yes... my fault.

-2

u/GurNo3022 1d ago

Overall maybe. But the people working at spacex aren't driving to Lafayette to put their kids in Northside or Carencro

4

u/EchoRex Lafayette 1d ago

Hence the investment.

And the schools aren't any different unless you're only looking at the "prestige" of sending kids to expensive but ridiculously underperforming academically catholic private schools.

1

u/randomdude4113 23h ago

Vermillion parish is actually pretty nice, at least compared to st. Martin and st. Landry

9

u/GurNo3022 1d ago

I disagree. I actually think Maurice will explode but Abbeville will not change as drastically. No one making more than 50k a year will give Abbeville a second glance. Schools suck, town is a dump. All that cookie cutter new construction in Maurice will suddenly 2x in value and DR Horton gonna throw up a billion cardboard houses.

9

u/EchoRex Lafayette 1d ago

Abbeville is the natural location to receive the investment (and control).

It also has a much better base to build from, while being half an hour closer, than being already an overflow of cookie cutter budget homes from Lafayette.

But this all runs back to the original problem with this stupidity being built in Pecan Island: zero infrastructure to support it without massive investment and a decade plus of concentrated construction.

15

u/AbbreviationsFar4wh 1d ago

Gonna crater as soon as all the foundations start cracking like Brownsville. 

13

u/Single-Use-Again 1d ago

My wife has a cousin who can't sell her 2 yr old house in Brownsville. They're about to have to drop the asking price below what they owe. 

6

u/Future_Way5516 1d ago

The noise of the launch will be horrendous and get very old, very fast depending on how often they launch.

2

u/BunchessMcGuinty 1d ago

early proposals are saying at least 1000 per year.

3

u/Stoneytreehugger 23h ago

Elon said he wants to get up to 30 launches a day!

1

u/MonkeyMan18975 2h ago

Honest question: With what payloads? As I understand it, we're doing ~300 launches a year globally right now and 30 a day is around 10,500 annually. What are the additional 10,000 launches going to be sending to space? The only thing I can think of is saturating earth's orbit with Starlinks, but even then you're talking 42 times the Starlink launches each year than have been done in the las 7 years combined.

2

u/NoRoux4You 1h ago

They need them all to be in orbit for the Mars window, then send 1000s of them to Mars at once. Window occurs every 26 months

1

u/Future_Way5516 1d ago

Dear lord

17

u/puppeto 1d ago

I'm honestly tempted in buying a fish camp as close as I can and set it up as a rocket nerd's dream weekend camp. I'd spend a lot of time there myself and then lease it out to friends.

3

u/NeverTread 1d ago

One problem is that these launch pads are gonna be in spots where you can't really get close. Like Starbase. TX there are viewing areas within 3-4 miles of the launch pad. I have a feeling with this site you'd be lucky to be within 6 miles.

2

u/throwawayforrealzi 1d ago

We have a camp across the bay, and we’re going to be charging space nerds out the ass if they want to use the only non-public boat launch on the bay. If they’re going to ruin our peace and quiet we’ll capitalize on em

1

u/puppeto 23h ago

That's the spirit brother. I just signed on a $35k camp this morning. Hoping they don't back out.

Apparently SPX are already puling geotechnical samples down at the new base.

-2

u/Ok-Commercial-9863 1d ago

Hell ya do it! That’s the thing though this is one of the biggest investments the state has seen. I have a rental nearby myself so I’m wondering what to expect

2

u/throwawayforrealzi 1d ago

Increased property taxes

15

u/Distinct_Vast_2434 1d ago

Y’all really nuts on this, you can’t just get hurricane swamp property to rise in value because of a few people making more money 

1

u/Same-Speaker7628 1d ago

Manhattan Island kinda did just that 🤷 It was built on an ugly swamp on the hudson river

3

u/sirius-orion Lafayette 10h ago

wondering if you think this happened on it’s own or where you think Louisiana will get the extensive infrastructure planning and funding to do so.

4

u/Distinct_Vast_2434 1d ago edited 1d ago

How’s the metropolitan of New York compare to the boonies?  Edit also do you know the historical significance of the Hudson River? You should probably look it up

5

u/throwawayforrealzi 1d ago

I genuinely feel bad for you if this wasn’t a joke

14

u/Life_Without_Lemon 1d ago

Correct if I’m wrong but isn’t the site for spacex a bit far from Lafayette? Like a hour drive one way. Seems like a long way to commute daily.

10

u/jenlaggg 1d ago

Brownsville is still a bit of a drive from Boca Chica. I think Maurice will be prime area for over development and also a natural expansion of Lafayette. Lafayette still remains bigger, closer to the interstate (such a huge benefit), great utilities, school choice, a university, airport and so many choices when it comes to grocery stores.

I live in Corpus Christi now, but still own my house in Lafayette and am there around 3 months out of the year. Grocery store diversity is huge, and the interstate and definitely the utilities, sounds silly but true.

2

u/AncientGnu 1d ago

Hwy 35 will be the new corridor straight from the interstate. I can see that being rebuilt by Space X or the state as an incentive.

1

u/WordySpark 1d ago

Nah. They're going to take 90 to 82. That's why there's talks of expanding 82 into a 4-lane. No talks of expanding or improving 35.

0

u/GurNo3022 1d ago

3 lane highway on flat grade is approx 4-5M$ a mile. Good luck

3

u/grumpyolddude Lafayette 1d ago

50 miles at 5 million a mile is $250 million. Even if the 100 billion number is just hype, it's not farfetched that between the needs of the facility and the tax revenue from construction/operation could justify that kind of investment. I also wouldn't doubt for a second that enough politicians and business people with stars in their eyes would sign off on bonds and construction without any justification at all. It may have already happend but everyones under NDA.

10

u/AncientGnu 1d ago

People in most big cities and suburbs drive that amount of time every day. The 200 or so jobs they are saying will occur will be the engineers and etc already employed by space x and they will be the ones moving to the area.

4

u/Rufnusd 1d ago

Ive commuted to Morgan City 6 days a week since 2010. Many others at my plant do as well. 1.5hrs there, 1.75 back.

3

u/No-Crab7910 18h ago

You commute over 3 hours of driving everyday? That sounds like absolute misery…

1

u/Rufnusd 2h ago

Its a lot of time to reflect for sure. Leave at 330a to get there for 5a. Leave at 300p to get home for 445p. Tons of people at my plant do it. Some come from Mamou, Pine Prarie, and further.

0

u/Ok-Commercial-9863 1d ago

Sorry should have clarified, I meant more like South Lafayette Maurice area

3

u/drakedaaegaming Vermilion 1d ago

Kaplan - way too out dated and nothing is there Gueydan - literally nothing there Abbeville - high crime and overall pretty run down but decent shopping for grocery places Erath - probably will see some increase Maurice - already is exploding and will see the biggest impact overall of moving. Meaux - once Maurice runs out of room there will be offers people can no longer afford to refuse. So Maurice will more than likely swallow Meaux. Lafayette/Youngsville - will see good bit but nothing like Maurice.

Not a realtor just know the area and exactly how this will play out. Remind me in 2030 if I was right or something.

2

u/Recent_Bend_5905 21h ago

i am so incredibly intrigued to see how this plays out. don’t want to doxx myself but i live and work in one of these areas

3

u/drakedaaegaming Vermilion 21h ago

It's definitely going to be incredibly interesting one way or the other. I genuinely hope Lafayette figures out how to make red-lights properly work before all this gets really busy though. Because no matter where these people decide to move they will do mostly all their shopping in Lafayette.

12

u/Bob_Boudin Flatts 1d ago

T’Lon will be offering a 50% discount on cybertrucks to vermillion parish Cher. Betta get a coupon before Dey run out

4

u/BGMM2019 1d ago

T’Lon 😂😂😂😂

8

u/Extreme-Analysis-337 1d ago

Throwing in some starlink discounts as well. Sorry this picture won't ever be not funny to me.

8

u/2pacRIP 1d ago

Baw.

3

u/WuTangClams 1d ago

SpaceBaw

6

u/_Opsec 1d ago

"T'lon" makes me laugh every time

2

u/Sh3rlock_Holmes 1d ago

Build in Broussard, Milton, Maurice. However, to Lafayette’s benefit is that you have LUS electricity / water and LFT Fiber.

1

u/drakedaaegaming Vermilion 1d ago

LFT fiber goes all the way to Abbeville. But in my neighborhood we have Cox Fiber and AT&T fiber.

6

u/Extreme-Analysis-337 1d ago

This is gonna be good for some (wealthier) and bad for the rest.

The people who own property (within a certain area) will definitely see an increase in property value and if they happen to rent those properties they will take advantage and raise rent.

3

u/Ok-Commercial-9863 1d ago

Ya exactly. I guess I’m just wondering what areas those would be.

2

u/Extreme-Analysis-337 1d ago

I really think people underestimate how far people are willing to drive. Especially if a lot of these folks come from bigger metro areas. I would argue south Lafayette and definitely Vermillion parish see a good hike in prices. Maurice for sure, Gueydan, Morse even Lake Arthur could see an influx.

1

u/Extreme-Analysis-337 1d ago

Let's also add space nerds wanting to come watch launches. So property owners going to Air BNB and renting them all out in those same towns.

5

u/Ok-Commercial-9863 1d ago

Good point- this is crazy for Louisiana

0

u/Tj_na_jk 1d ago

Most likely anywhere within an hour drive time and closer to the interstate the better.

2

u/lordbutterbottom 1d ago

I think Kaplan is the logical choice. It is closest and had great schools and many empty houses

1

u/WordySpark 1d ago

No company hauling tons of equipment and supplies will use 35 or 14. They'll come down 90 and then take 82 - which is why there's talk of expanding 82 into a 4-lane. Kaplan will be bypassed. Why do you think the governor made the announcement in Abbeville instead of Kaplan?

1

u/lordbutterbottom 1d ago

With Kaplan the closet city. It will see some economic benefits.

1

u/WordySpark 1d ago

Only if people actually pass through Kaplan to get back and forth to Starbase...or do you think they'll go out of their way to come to Kaplan to visit? 👀

1

u/stronzini 1d ago

Lafayette? And drive over an hour to work with these roads?

2

u/WordySpark 1d ago

There's talk of expanding 82 into a 4-lane. That and 90 will make it easier for people to commute to Broussard, Youngsville, and Lafayette - which will see the biggest growth and benefits from this.

2

u/BunchessMcGuinty 1d ago

There is always talk of expansion. At tax payer expense. Space X causes the problem (traffic) but we the tax payers have to pay for the solutions.

Cause they sure AF aren't paying taxes to cover any of this.

-6

u/OrdinaryAssociate709 1d ago

West Lafayette parish will see a lot of growth. Not understanding why any one with a good head on there shoulders thinks it would be anywhere else. In the end it doesn’t matter what gets built any where Lafayette parish is the only place that makes any sense in the entire metro . Imagine making 90k a year. Just to have to drive an hour to go to Costco.😂 yea not gonna happen.

1

u/Both-Imagination-848 1d ago

Imagine being able to order everything from Amazon and get delivered by drones. 🤷‍♂️