ZIP Code 70506 — Lafayette city, LA Demographics & Data

ZIP code 70506 covers Lafayette, LA in Lafayette Parish with a population of about 41,550.

At a glance, the area shows median age of 35.2 versus a U.S. median of about 38.9.

It sits in telephone area code 337; U.S. House district LA-3; the LAFAYETTE, LA media market.

Lafayette, LA sits in a university / college context (near remington college-lafayette campus (2.4 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 70506 is about $55,553 — about 26% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 18.5%; unemployment rate near 5.3%; 36.8% of adults with a bachelor’s degree or higher (about 3.1 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Education, Retail trade, and Healthcare; about 6.8% of workers reporting work-from-home (about 8.4 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $215,700 — about 38% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $858 (about 26% below the U.S. median rent ($1,163)), and owner-occupancy near 51.6% (about 13.8 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 70506 in Lafayette, LA, a household would need roughly $59,000 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 $1,386. That is roughly in line with the local median household income ($55,553). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Climate normals for Lafayette city, LA show little to no average snow and around 64.7 inches of annual precipitation.

IRS migration statistics show a net inflow of about 1,644 for ZIP 70506 (Lafayette city, LA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.