dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −10.7% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +0.6% YoY, is the number to watch.
The median listing price is down 10.7% YoY while the median home got down 9.8% bigger, so value per square foot is down 3.3%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $317K purchase rents for $1,595/mo: 0.50% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 7 BR (sale only, no matching rent).
Sales here take about 34 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Condo (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 70503 itself, not its parent county.
Renters hold 34.3% of this ZIP's 11,971 occupied households, on a median household income of $95K.
| Measure | ZIP 70503 | Lafayette Parish | Difference |
|---|---|---|---|
| Median Household Income | $95K | $67K | +$27K |
| Below Poverty Level | 9.5% | 17.1% | -7.6% |
| Median Age | 38.40 | 36.50 | +1.90 |
| Total Population | 28,643 | 247,997 | -- |
| Avg Household Size | 2.33 | 2.43 | -0.10 |
| Owner-Occupied | 65.7% | 65.5% | +0.2% |
| Worked From Home | 13.6% | 10.4% | +3.2% |
| Mean Commute | 18.90 | 22.90 | -4.00 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 1.2% to 247,997: residents under 18 are up 1.1% and those 65 and over are up 3.9%.
County median household income is $67K, 17.1% of residents are below the poverty level, 10.4% work from home.