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A market with no active rental pool to price against. The sale-side figures below are the whole picture.
What would change this read: the median listing price is −6.4% YoY. inventory, +4.6% YoY, is the number to watch.
The median listing price is down 6.4% YoY while the median home got up 0.2% bigger, so value per square foot is down 7.1%.
U.S. Census ACS characteristics for ZIP 70506 itself, not its parent county.
Renters hold 50.4% of this ZIP's 18,738 occupied households, on a median household income of $57K.
| Measure | ZIP 70506 | Lafayette Parish | Difference |
|---|---|---|---|
| Median Household Income | $57K | $67K | -$10K |
| Below Poverty Level | 17.3% | 17.1% | +0.2% |
| Median Age | 34.00 | 36.50 | -2.50 |
| Total Population | 42,318 | 247,997 | -- |
| Avg Household Size | 2.24 | 2.43 | -0.19 |
| Owner-Occupied | 49.6% | 65.5% | -15.8% |
| Worked From Home | 7.1% | 10.4% | -3.3% |
| Mean Commute | 19.20 | 22.90 | -3.70 |
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.