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Area data

Lafayette, LA — ZIP 70508

Population: 40,592 (Census ACS)

The median home value in ZIP 70508 (Lafayette, LA) is $295,655 — up 1.5% over the past year. Homes sell for a median $315,000 after a median 38 days on market. Typical rent runs $1,399/month. 3 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with hurricane, lightning, coldwave the top-rated hazards. Cost of living is 9.5% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$295,655

Median home value

+1.5%

1-year change

38

Median days on market

Relatively High

Hazard risk (county)

Home values & appreciation

Median home value
$295,655
1-year appreciation
+1.5%
3-year appreciation
-2.1%
5-year appreciation
+6.3%
10-year appreciation
+9.2%
All-time peak (2022-07)
$306,802
House Price Index (state)
368.9 (+2.6% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$315,000
Median list price
$349,900
Median price per sqft
$162
1-year sale-price change
+8.6%
Median days on market
38 days
Homes sold (recent period)
151
For-sale inventory
220
Sale-to-list ratio
98.1%
Active listings
191
1-year forecast
-1.3%
Days to pending
56 days
New listings (monthly)
56

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,399/mo
1-year rent change
+0.3%
Studio fair-market rent
$677/mo
1BR fair-market rent
$846/mo
2BR fair-market rent
$1,031/mo
3BR fair-market rent
$1,340/mo
4BR fair-market rent
$1,546/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
90.5 (100 = US avg)
Electricity rate (state-level)
12.6¢/kWh
Natural gas rate (state-level)
$17.40/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
3
Elementary schools
2
Middle schools
0
High schools
1
Schools include
O. Comeaux High School, Milton Elementary School, Corporal Michael Middlebrook Elementary School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively High
Top hazards (county)
hurricane, lightning, coldWave, iceStorm, drought
Notable hazard ratings (county)
coastalFlooding: Relatively Low · coldWave: Relatively High · drought: Relatively Moderate · earthquake: Relatively Low · hail: Relatively Low · heatWave: Relatively Moderate
FEMA flood zone
X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 27% of US counties
Buildings in wildfire direct-exposure zone
31.6%
Radon potential (county)
Low radon potential — EPA Zone 3 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
70.0°F
Average high
79.0°F
Average low
60.0°F
Annual precipitation
60.1 in
USDA plant hardiness zone
9a (extreme annual low 20 to 25°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
47
Days with Good air quality
211
Days with Moderate air quality
153
Highest AQI recorded (year)
112

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
8.7 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
42,198
Jobs reachable by transit (45 min)
30,960

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
63
Nearest airport
Lafayette Regional Airport (LFT) (4 mi)
Nearest major airport
Lafayette Regional Airport (LFT) (4 mi)
Hospitals nearby (~15 mi)
4
Hospitals include
OUR LADY OF LOURDES REGIONAL MEDICAL CENTER, INC, PARK PLACE SURGICAL HOSPITAL, LAFAYETTE SURGICAL SPECIALTY HOSPITAL
Avg hospital rating (CMS)
2.0 / 5
Best hospital rating nearby (CMS)
2.0 / 5
Solar radiation rating
Good (4.7 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-55 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,998
Housing built before 1970
5.6%
Housing built 2000 or later
48.0%
Median annual property tax
$1,909
Mean commute to work
21 min
Households with broadband internet
84.6%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
121,808
Average weekly wage
$1,085
Top industries (by employment)
Health Care, Accommodation & Food, Professional Services
Annual residential building permits (county)
880

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 70508State medianUS median
Median home value$295,655$186,662$289,727
Median sale price$315,000$225,000$325,000
Median days on market38 days74 days51 days
Typical rent$1,399/mo$1,469/mo$1,808/mo
Median annual property tax$1,909$576$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 70508?
$295,655.
What is the median sale price in ZIP 70508?
$315,000.
How long do homes take to sell in ZIP 70508?
Median days on market: 38 days.
What is typical rent in ZIP 70508?
Typical rent: $1,399/month.
What is the natural-hazard risk in ZIP 70508?
Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: hurricane, lightning, coldWave, iceStorm, drought.
Is ZIP 70508 in a flood zone?
Minimal (FEMA NFIP). FEMA flood zone X.
What is the wildfire risk in ZIP 70508?
Risk to homes is higher than 27% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 70508?
Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 70508?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 70508?
3 schools (2 elementary, 1 high) (NCES, 2022-23).
Is ZIP 70508 walkable?
Walkability index: 8.7/20 (EPA Smart Location Database).
What is the air quality in ZIP 70508?
Good. Median AQI: 47. (EPA AQI).
What is the cost of living in ZIP 70508?
Regional Price Parity: 90.5 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents