ZIP Code 70507 — Lafayette city, LA Demographics & Data

ZIP code 70507 covers Lafayette, LA in Lafayette Parish with a population of about 19,215.

At a glance, the area shows median age of 37.3 versus a U.S. median of about 38.9.

It sits in telephone area code 337; U.S. House district LA-6; the LAFAYETTE, LA media market.

Median household income in ZIP 70507 is about $64,010 — about 15% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 15.4%; unemployment rate near 3.4%; 29.8% of adults with a bachelor’s degree or higher (about 3.9 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Retail trade, and Education; about 9.8% of workers reporting work-from-home (about 5.4 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 $206,700 — about 41% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $773 (about 34% below the U.S. median rent ($1,163)), and owner-occupancy near 71.6% (about 6.2 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 70507 in Lafayette, LA, a household would need roughly $57,000 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 $1,328. That sits below the local median household income ($64,010), suggesting the typical household income is closer to a workable buy-in level under these assumptions. 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 760 for ZIP 70507 (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.