How much is a home worth in ZIP code 70506?

The typical home in 70506 is worth $208,999, based on the Zillow Home Value Index.

Are home values rising in 70506?

Home values in 70506 are up 1.9% over the past year, and up 1.2% a year over five years.

What is the typical rent in 70506?

A typical home in 70506 rents for about $1,419 a month, a gross rental yield of 8.1%.

What is the property tax rate in 70506?

The effective property tax rate in 70506 is 0.5% — roughly $1,112 a year on a typical home.

ZIP code 70506 has a population of 42,318 and a median household income of $57,379.

HousingHandbookReference data

…

U.S. ZIP Code · LA70506

Lafayette Parish · Lafayette, LA

Typical home value

$208,999^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.9%
5-year / yr: +1.2%
10-year / yr: +0.6%

Relative price

vs U.S.: -26.4%
vs metro: +19.3%
vs state: +15.0%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 70506 is worth $208,999 — 19.3% above the Lafayette, LA median. Over the past year, values have risen 1.9%. Homes here rent for a typical $1,419 a month — a 8.1% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,419^[2]
Gross yield: 8.1%^[2]
Cap rate: 4.9%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.5%^[3]
Typical annual tax: $1,112^[3]

#Climate risk

FEMA National Risk Index ratings for Lafayette Parish. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively Moderate
Coastal flood: Relatively Low
Wildfire: Very Low
Drought: Relatively Moderate
Heat wave: Relatively Moderate
Hurricane: Very High
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively Low

#Who lives here

Population: 42,318^[3]
Median household income: $57,379^[3]

#Migration

Household moves in and out of Lafayette Parish over a year, from IRS tax-return data.

Net migration: +223^[5]
Moved in: 6,346
Moved out: 6,123

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 8
Elementary: 3
Middle: 1
High: 4

Lafayette High School
High · Grades 9–12 · Lafayette Parish
1,862 students
Acadiana High School
High · Grades 9–12 · Lafayette Parish
1,835 students
Prairie Elementary School
Elementary · Grades PK–5 · Lafayette Parish
674 students
S.J. Montgomery Elementary School
Elementary · Grades PK–5 · Lafayette Parish
643 students
Myrtle Place Elementary School
Elementary · Grades PK–5 · Lafayette Parish
374 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield8.1%

Net yield (after ~40% expenses)4.9%

Annual rent$17,033

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,057

Loan principal$167,199

Down payment$41,800

Total interest paid$213,253

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.93

Monthly cost to own$1,323

Monthly rent$1,419

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 59th percentile^[1]
Rental yield: 63rd percentile^[2]
Property tax: 82nd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

10th for most populous in LAView list →

Frequently asked

How much is a home worth in ZIP code 70506?: The typical home in 70506 is worth $208,999, based on the Zillow Home Value Index.
Are home values rising in 70506?: Home values in 70506 are up 1.9% over the past year, and up 1.2% a year over five years.
What is the typical rent in 70506?: A typical home in 70506 rents for about $1,419 a month, a gross rental yield of 8.1%.
What is the property tax rate in 70506?: The effective property tax rate in 70506 is 0.5% — roughly $1,112 a year on a typical home.
Who lives in 70506?: ZIP code 70506 has a population of 42,318 and a median household income of $57,379.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

70520 vs 70506 →
Carencro, LA
Typical home
$212,831
Gross yield
7.0%
70507 vs 70506 →
Lafayette, LA
Typical home
$215,245
Gross yield
9.6%
70583
Scott, LA
Typical home
$215,474
Gross yield
—
70529
Duson, LA
Typical home
$221,387
Gross yield
—
70517
Breaux Bridge, LA
Typical home
$178,935
Gross yield
9.1%
70543
Iota, LA
Typical home
$175,186
Gross yield
—

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Pit ZIP 70506 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · LA70506

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