Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in ZCTA5 70506, Louisiana?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 70506, Louisiana (ZIP 70506) is $1,042/month (±$47), based on Census ACS 5-Year estimates (2024). The median home value is $218,000 (±$9,109), and the median household income is $57,379/year. The unemployment rate in Lafayette Parish, Louisiana was 3.3% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 70506
| Metric | Value |
|---|---|
| Median Gross Rent | $1,042 |
| Median Home Value | $218,000 |
| Median Household Income | $57,379 |
| Total Housing Units | 18,738 |
| Renter-Occupied Units | 9,435 |
| Renter-Occupied Share | 50% |
| Households Paying 50%+ Income | 2,095 households |
| Unemployment Rate(April 2026) | 3.3% |
How does ZIP 70506 compare?
Median gross rent ranked against all ZIP codes in Louisiana.
Higher rent than 68% of ZIP codes in Louisiana · 128th of 391
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 70124 | $1,823 |
| 2 | ZCTA5 70462 | $1,820 |
| 3 | ZCTA5 71110 | $1,746 |
| … 124 more … | ||
| 128 | ZCTA5 70506(you are here) | $1,042 |
| … 260 more … | ||
| 389 | ZCTA5 70789 | $381 |
| 390 | ZCTA5 71456 | $317 |
| 391 | ZCTA5 71229 | $290 |
Geography
ZIP 70506 is in Lafayette Parish County, Louisiana.
It covers part of Lafayette city, Louisiana.
More data for ZCTA5 70506
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Frequently asked questions
What is the average rent in ZCTA5 70506, Louisiana?
The median gross rent in ZCTA5 70506, Louisiana (ZIP 70506) is $1,042/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in ZCTA5 70506, Louisiana?
The median rent for a 2-bedroom in ZCTA5 70506, Louisiana is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in ZCTA5 70506, Louisiana?
The median home value in ZCTA5 70506, Louisiana (ZIP 70506) is $218,000 according to Census ACS 5-Year estimates (2024).
What percentage of renters in ZCTA5 70506 are rent-burdened?
In ZCTA5 70506, Louisiana, 2,095 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in ZCTA5 70506, Louisiana?
The median household income in ZCTA5 70506, Louisiana is $57,379/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,042 has a margin of error of ±$47. In very small areas, MOEs can be large relative to the estimate.
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