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Sarah Mitchell
Compass Real Estate · ZIP 70506
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70506 ZIP Code Housing Market
$220,000median sale price
What is the 70506 housing market like right now?
The median home sale price in ZIP code 70506 is $220,000, down 5.6% year-over-year. Homes sell in an average of 43 days with 155 active listings. The market is currently a balanced 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 70506 ZIP code a buyer's or seller's market?
ZIP code 70506 is currently a balanced market and homes selling in about 43 days. How we determine this →
What are the latest 70506 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $220,000 |
| Median list price | $235,000 |
| Year-over-year price change | -5.6% |
| Average days on market | 43 days |
| Active inventory | 155 listings |
| Sale-to-list price ratio | 97.8% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 70506 zip code, located in Scott, LA, is currently classified as a balanced market. The median sale price stands at $220,000, representing a -5.6% change year over year. Homes in this area spend an average of 43 days on the market before going under contract. There are currently 155 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 70506 sits in the Scott, LA area, roughly 3.1 miles from downtown Scott. Because home prices are set street by street, this ZIP can move differently from Scott's citywide averages. The figures below reflect 70506 specifically — drawn from Redfin transactions, U.S. Census data for its 42,318 residents, and Zillow value estimates.
Homes sold
142
Last 12 weeks
Days on market
43
Average pace
Active listings
155
Sale-to-list
97.8%
Below asking
What is driving the 70506 housing market?
The 70506 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 97.8% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 70506 have declined -5.6% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. 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 70506 stands at $212,173, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,396 per month. This gives a price-to-rent ratio of approximately 12.7, 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 70506?
Population
42,318
Median income
$57,379/yr
Median age
34 years
Owner-occupied
49.6%
College grads
36.3%
Avg commute
20.27 min
What is it like living in 70506?
Zip code 70506 is home to approximately 42,318 residents. The median household income is $57,379 per year, which shapes the types of homes and amenities available in the area. With a median age of 34 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 49.6% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 36.3% 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 20.27 minutes, which is close to the national average. 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 70506.
Which public schools serve ZIP 70506?
8 schools tracked · 6,102 students
The largest public schools serving ZIP code 70506 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.
Lafayette High School
Grades 9-12 · 1,862 students
Acadiana High School
Grades 9-12 · 1,835 students
Prairie Elementary School
Grades PK-5 · 674 students
S.J. Montgomery Elementary School
Grades PK-5 · 643 students
Myrtle Place Elementary School
Grades PK-5 · 374 students
Lafayette Middle School
Grades 6-8 · 372 students
Early College Academy
Grades 9-12 · 260 students
JCFA Lafayette
Grades 9-12 · 82 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 70506
What is the median home price in 70506?
The current median sale price in 70506 is $220,000, based on recent Redfin transaction data. Prices have changed -5.6% 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 70506 a buyer's or seller's market?
The 70506 zip code is currently classified as a balanced 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 70506?
Zip code 70506 has a population of approximately 42,318 residents. The median household income is $57,379 per year. About 49.6% 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 70506?
Properties Incorporated provides comprehensive data for 70506 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 70506 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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