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Sarah Mitchell
Compass Real Estate · ZIP 70501
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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70501 ZIP Code Housing Market
$150,000median sale price
What is the 70501 housing market like right now?
The median home sale price in ZIP code 70501 is $150,000, up 3.5% year-over-year. Homes sell in an average of 79 days with 99 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 70501 ZIP code a buyer's or seller's market?
ZIP code 70501 is currently a buyer's market and homes selling in about 79 days. How we determine this →
What are the latest 70501 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $150,000 |
| Median list price | $125,000 |
| Year-over-year price change | +3.5% |
| Average days on market | 79 days |
| Active inventory | 99 listings |
| Sale-to-list price ratio | 94.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
The 70501 zip code, located in Lafayette, LA, is currently classified as a buyer's market. The median sale price stands at $150,000, representing a +3.5% change year over year. Homes in this area spend an average of 79 days on the market before going under contract. There are currently 99 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 70501 sits in the Lafayette, LA area, roughly 3.2 miles from downtown Lafayette. Because home prices are set street by street, this ZIP can move differently from Lafayette's citywide averages. The figures below reflect 70501 specifically — drawn from Redfin transactions, U.S. Census data for its 26,465 residents, and Zillow value estimates.
Homes sold
55
Last 12 weeks
Days on market
79
Average pace
Active listings
99
Sale-to-list
94.0%
Below asking
What is driving the 70501 housing market?
The 70501 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a buyer's market, homes are selling at approximately 94.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 70501 have increased +3.5% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 70501 stands at $109,035, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,020 per month. This gives a price-to-rent ratio of approximately 8.9, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 70501?
Population
26,465
Median income
$33,365/yr
Median age
36.9 years
Owner-occupied
41.2%
College grads
16.9%
Avg commute
16.41 min
What is it like living in 70501?
Zip code 70501 is home to approximately 26,465 residents. The median household income is $33,365 per year, which shapes the types of homes and amenities available in the area. With a median age of 36.9 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 41.2% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 16.9% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 16.41 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 70501.
Which public schools serve ZIP 70501?
9 schools tracked · 4,662 students
The largest public schools serving ZIP code 70501 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
David Thibodaux STEM Magnet Academy
Grades 6-12 · 1,366 students
Northside High School
Grades 9-12 · 727 students
Paul Breaux Middle School
Grades 5-8 · 633 students
Willow Charter Academy
Grades K-8 · 613 students
J.W. Faulk Elementary School
Grades PK-5 · 430 students
Alice N. Boucher Elementary School
Grades PK-5 · 425 students
Dr. Raphael A. Baranco Elementary School
Grades K-6 · 291 students
Edward J Sam Accelerated School of Lafayette
Grades 7-12 · 177 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 70501
What is the median home price in 70501?
The current median sale price in 70501 is $150,000, based on recent Redfin transaction data. Prices have changed +3.5% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 70501 a buyer's or seller's market?
The 70501 zip code is currently classified as a buyer's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 70501?
Zip code 70501 has a population of approximately 26,465 residents. The median household income is $33,365 per year. About 41.2% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 70501?
Properties Incorporated provides comprehensive data for 70501 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 70501 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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