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Lafayette city, LA

ZIP 70501 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 70501

Median Home Value
$117,200
Median Rent
$695
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$753/mo PITI).

26%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.7x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

14.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 70501 in Lafayette city, LA, a household would need roughly $32,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $753. That is roughly in line with the local median household income ($31,723). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
42.3%-35% vs US avg
x
Vacancy Rate
15.6%+51% vs US avg
x
Broadband Access
81.2%-7% vs US avg
x
4+ Bedrooms
1.3%-91% vs US avg
x
Built Pre-1939
7.3%-43% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
28.6%-43% vs US avg
x
Mortgage-Free
52.7%+38% vs US avg
x
$117,200
Home Value
$695
Rent
1972
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached72.6%
  • 1-unit attached1.5%
  • 2-9 units16.0%
  • 10+ units7.4%
  • Mobile home & other2.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$117,200
Median rent$695
Owner-occupied42.3%
Vacant15.6%
Price-to-income3.7x
Est. income to buy$32,000