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Lafayette city, LA

ZIP 70507 — 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 70507

Median Home Value
$206,700
Median Rent
$773
Affordability Snapshot
$57,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,328/mo PITI).

14%
Rent-to-Income Ratio

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

3.2x
Home Price-to-Income Ratio

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

22.3 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 70507 in Lafayette city, 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.

Housing Tenure

Vacancy rate 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
71.6%+9% vs US avg
x
Vacancy Rate
10.1%-2% vs US avg
x
Broadband Access
88.9%+2% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
1.1%-91% vs US avg
x
Built Post-2014
3.5%-49% vs US avg
x
Rent Burden >30%
21.0%-58% vs US avg
x
Mortgage-Free
46.4%+21% vs US avg
x
$206,700
Home Value
$773
Rent
1987
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 detached61.9%
  • 1-unit attached2.6%
  • 2-9 units10.0%
  • 10+ units11.9%
  • Mobile home & other13.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$206,700
Median rent$773
Owner-occupied71.6%
Vacant10.1%
Price-to-income3.2x
Est. income to buy$57,000