Lafayette, LA 70507 Homes For Sale
The median home value in Lafayette, LA 70507 is $186,300. This is lower than the county median home value of $211,700. The national median home value is $338,100. The average price of homes sold in Lafayette, LA 70507 is $186,300. Approximately 63.82% of Lafayette, LA 70507 homes are owned, compared to 26.08% rented, while 10.11% are vacant. Lafayette, LA 70507 real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Lafayette, LA 70507 real estate agent to arrange a tour today!
Learn More About Lafayette, LA 70507 Real EstateStatistics & facts
16,455
Population
$186K
Medium Home Value
6,964
# of Households
10.11%
Housing Vacancy
41.78%
Future Job Growth
2.80%
Unemployment Rate
Information deemed reliable but not guaranteed. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. The ARMLS logo indicates a property listed by a real estate brokerage other than this broker. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Population
Lafayette, LA 70507 has a population of approximately 16,455 and experiences a population change rate of 5.44%. The population density is 775.7 / sq mi.
Household
The median household income for Lafayette, LA 70507 is $63,125, with 6,964 households and an average household size of 2.63.
Cost of Living
The cost of living index in Lafayette, LA 70507 is 95.3%.
Home Value
The median value of a home in Lafayette, LA 70507 is $186,300 with an appreciation rate of 12.5%. 63.8% of housing in the zip code is owned while 26.1% is rented.
Employment
The unemployment rate in Lafayette, LA 70507 is 2.80%, and recent job growth is at 1.11%. Future job growth is projected at 41.78%.
Taxes
The sales tax rate in Lafayette, LA 70507 is 10.45%, while the income tax rate is 4.25%.
Education
School expenditures in Lafayette, LA 70507 are $12,897, and the school ratio is 18.6:1.
Weather
The average high temperature in July is 91.5 degrees, with an average low temperature in January of 41.6 degrees. The average rainfall is approximately 61.6 inches per year, with 0 inches of snow per year.
Education near Lafayette LA, 70507
| Metric | City | County |
|---|---|---|
| High School Graduates | 90.29 | 89.3 |
| College Degree - 2 year | 5.17 | 5.76 |
| College Degree - 4 year | 39.36 | 33.92 |
| Graduate Degree | 8.66 | 7.26 |
| Expenditures per Student | $12,897 | $12,897 |
| Students per Teacher | 18.60 | 18.60 |
Elementary Schools near Lafayette LA , 70507
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Acadiana Renaissance Charter Academy | KG - 06 | 675 | 16.1 | 70507 |
| Alice N. Boucher Elementary School | PK - 05 | 665 | 11.6 | 70501 |
| Carencro Heights Elementary School | PK - 05 | 521 | 13.7 | 70520 |
| Evangeline Elementary School | PK - 05 | 572 | 12.3 | 70507 |
| J. Wallace James Elementary School | PK - 05 | 882 | 16.1 | 70583 |
| J.W. Faulk Elementary School | PK - 05 | 426 | 10.1 | 70501 |
| Live Oak Elementary School | PK - 05 | 683 | 16.5 | 70507 |
| Ossun Elementary School | PK - 05 | 818 | 17.5 | 70507 |
| Prairie Elementary School | PK - 05 | 866 | 14.3 | 70506 |
| S.J. Montgomery Elementary School | PK - 05 | 522 | 12.2 | 70506 |
| Truman Elementary School | PK - PK | 454 | 16.4 | 70501 |
| Willow Charter Academy | KG - 05 | 483 | 21 | 70501 |
Middle Schools near Lafayette LA , 70507
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Acadian Middle School | 04 - 08 | 456 | 11.2 | 70507 |
| Carencro Middle School | 04 - 08 | 632 | 15.1 | 70520 |
| Lafayette Middle School | 04 - 08 | 452 | 12.1 | 70506 |
| Paul Breaux Middle School | 05 - 08 | 616 | 10.3 | 70501 |
| Scott Middle School | 04 - 08 | 617 | 15.9 | 70583 |
High Schools near Lafayette LA , 70507
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Acadiana High School | 08 - 12 | 1785 | 21.4 | 70506 |
| Carencro High School | 08 - 12 | 1092 | 18.7 | 70507 |
| Early College Academy | 09 - 12 | 260 | 33.6 | 70506 |
| Lafayette High School | 08 - 12 | 2456 | 18.9 | 70506 |
| Northside High School | 08 - 12 | 762 | 14.9 | 70501 |
Ungraded Schools near Lafayette LA , 70507
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| * W. D. & Mary Baker Smith Career Center | 08 - 12 | 0 | 0 | 70501 |
| David Thibodaux Stem Magnet Academy | 06 - 12 | 746 | 16.7 | 70501 |
| N. P. Moss Preparatory Academy | KG - 11 | 325 | 8.4 | 70501 |
