How much is a home worth in ZIP code 70507?

The typical home in 70507 is worth $215,245, based on the Zillow Home Value Index.

Are home values rising in 70507?

Home values in 70507 are up 1.5% over the past year, and up 1.7% a year over five years.

What is the typical rent in 70507?

A typical home in 70507 rents for about $1,717 a month, a gross rental yield of 9.6%.

What is the property tax rate in 70507?

The effective property tax rate in 70507 is 0.5% — roughly $1,172 a year on a typical home.

ZIP code 70507 has a population of 20,096 and a median household income of $64,049.

HousingHandbookReference data

…

U.S. ZIP Code · LA70507

Lafayette Parish · Lafayette, LA

Typical home value

$215,245^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.5%
5-year / yr: +1.7%
10-year / yr: +1.1%

Relative price

vs U.S.: -24.2%
vs metro: +22.9%
vs state: +18.5%

Price history

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

The typical home in 70507 is worth $215,245 — 22.9% above the Lafayette, LA median. Over the past year, values have risen 1.5%. Homes here rent for a typical $1,717 a month — a 9.6% 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: $1,717^[2]
Gross yield: 9.6%^[2]
Cap rate: 5.7%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $1,172^[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: 20,096^[3]
Median household income: $64,049^[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: 6
Elementary: 3
Middle: 1
High: 1

Lafayette Renaissance Charter Academy
Other · Grades PK–12 · Lafayette Charter Foundation
1,809 students
Carencro High School
High · Grades 9–12 · Lafayette Parish
1,243 students
Evangeline Elementary School
Elementary · Grades PK–5 · Lafayette Parish
642 students
Live Oak Elementary School
Elementary · Grades PK–5 · Lafayette Parish
570 students
Ossun Elementary School
Elementary · Grades PK–5 · Lafayette Parish
518 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 yield9.6%

Net yield (after ~40% expenses)5.7%

Annual rent$20,603

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$1,088

Loan principal$172,196

Down payment$43,049

Total interest paid$219,627

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 ratio0.79

Monthly cost to own$1,365

Monthly rent$1,717

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: 64th percentile^[1]
Rental yield: 88th percentile^[2]
Property tax: 86th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 70507?: The typical home in 70507 is worth $215,245, based on the Zillow Home Value Index.
Are home values rising in 70507?: Home values in 70507 are up 1.5% over the past year, and up 1.7% a year over five years.
What is the typical rent in 70507?: A typical home in 70507 rents for about $1,717 a month, a gross rental yield of 9.6%.
What is the property tax rate in 70507?: The effective property tax rate in 70507 is 0.5% — roughly $1,172 a year on a typical home.
Who lives in 70507?: ZIP code 70507 has a population of 20,096 and a median household income of $64,049.

#Comparable ZIPs

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

70583 vs 70507 →
Scott, LA
Typical home
$215,474
Gross yield
—
70520 vs 70507 →
Carencro, LA
Typical home
$212,831
Gross yield
7.0%
70529
Duson, LA
Typical home
$221,387
Gross yield
—
70506
Lafayette, LA
Typical home
$208,999
Gross yield
8.1%
70555
Maurice, LA
Typical home
$251,122
Gross yield
—
70517
Breaux Bridge, LA
Typical home
$178,935
Gross yield
9.1%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 70507 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · LA70507

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