US5.com
  1. Home
  2. States
  3. Louisiana
  4. ZIP 70508
  5. Housing & Real Estate
Lafayette city, LA

ZIP 70508 — 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 70508

Median Home Value
$299,200
Median Rent
$1,116
Affordability Snapshot
$82,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,922/mo PITI).

15%
Rent-to-Income Ratio

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

3.4x
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 70508 in Lafayette city, LA, a household would need roughly $82,000 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 $1,922. That is roughly in line with the local median household income ($88,017). 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
63.4%-3% vs US avg
x
Vacancy Rate
10.3%+0% vs US avg
x
Broadband Access
95.7%+10% vs US avg
x
4+ Bedrooms
3.2%-78% vs US avg
x
Built Pre-1939
0.1%-99% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
23.0%-54% vs US avg
x
Mortgage-Free
34.9%-9% vs US avg
x
$299,200
Home Value
$1,116
Rent
1998
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached63.0%
  • 1-unit attached1.8%
  • 2-9 units10.9%
  • 10+ units19.6%
  • Mobile home & other4.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$299,200
Median rent$1,116
Owner-occupied63.4%
Vacant10.3%
Price-to-income3.4x
Est. income to buy$82,000