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Lafayette city, LA

ZIP 70503 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 70503

Median Home Value
$326,800
Median Rent
$951
Affordability Snapshot
$90,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,099/mo PITI).

12%
Rent-to-Income Ratio

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

3.5x
Home Price-to-Income Ratio

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

28.6 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 70503 in Lafayette city, LA, a household would need roughly $90,000 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 $2,099. That is roughly in line with the local median household income ($94,360). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
67.7%+4% vs US avg
x
Vacancy Rate
8.7%-16% vs US avg
x
Broadband Access
96.0%+10% vs US avg
x
4+ Bedrooms
4.6%-69% vs US avg
x
Built Pre-1939
1.2%-91% vs US avg
x
Built Post-2014
0.4%-95% vs US avg
x
Rent Burden >30%
24.4%-51% vs US avg
x
Mortgage-Free
44.0%+15% vs US avg
x
$326,800
Home Value
$951
Rent
1978
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 detached71.4%
  • 1-unit attached1.9%
  • 2-9 units8.1%
  • 10+ units18.2%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$326,800
Median rent$951
Owner-occupied67.7%
Vacant8.7%
Price-to-income3.5x
Est. income to buy$90,000