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Lafayette city, LA

ZIP 70506 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 70506

Median Home Value
$215,700
Median Rent
$858
Affordability Snapshot
$59,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,386/mo PITI).

19%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

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

20.9 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 70506 in Lafayette city, 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.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
51.6%-21% vs US avg
x
Vacancy Rate
7.8%-25% vs US avg
x
Broadband Access
89.4%+3% vs US avg
x
4+ Bedrooms
0.8%-95% vs US avg
x
Built Pre-1939
2.6%-80% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
21.9%-56% vs US avg
x
Mortgage-Free
49.2%+29% vs US avg
x
$215,700
Home Value
$858
Rent
1981
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached59.8%
  • 1-unit attached4.4%
  • 2-9 units16.5%
  • 10+ units13.9%
  • Mobile home & other5.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$215,700
Median rent$858
Owner-occupied51.6%
Vacant7.8%
Price-to-income3.9x
Est. income to buy$59,000