The story of this market
The typical home in ZIP 70502 sells for about $250,000, or $150 per square foot.
Prices are down 1.3% from a year ago, which gives buyers more room to negotiate. Homes take about 71 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,318 a month.
ZIP 70502 — Lafayette
The Lafayette housing market is currently experiencing a period of price stabilization with a slight year-over-year decline. Inventory levels remain sufficient to meet current demand, resulting in a balanced market environment for buyers and sellers.
This area is suitable for local families and professionals seeking a stable, mid-sized market with access to regional employment centers.
Median prices moved down 1.3% year over year.
Homes spend a median of 71 days on market with 4.2 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 15.0% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 70502, Lafayette Parish, LA
Lafayette serves as a regional economic hub with a diverse mix of healthcare, energy, and education sectors driving local momentum.
Property taxes are assessed at the parish level; Louisiana utilizes a homestead exemption for primary residences.
The rental market shows moderate demand with an average rent of approximately $1,318 per month.
The economy is anchored by the healthcare, energy, and education sectors, providing a stable employment base for the region.
Data aggregated from Lafayette Parish market reports and Census estimates.
- Camp Margaritaville RV Resort Breaux Bridge4.413.3 mi
- Surge Entertainment by Drew Brees4.13.5 mi
- Kart Ranch4.55.4 mi
- Elevation Station4.57.6 mi
- Sky Zone Trampoline Park4.45 mi
- CAJUNDOME & Convention Center4.51.5 mi
- Camp Margaritaville RV Resort Breaux Bridge4.413.3 mi
- Cajun Field4.61.8 mi
- LARC's Acadian Village4.55.9 mi
- Vermilionville Historic Village4.71.4 mi
- The Grand Ambassador by Santikos4.45.1 mi
- The Grand Lafayette by Santikos4.42.6 mi
- Zoosiana4.38.9 mi
- Dave and Buster's Lafayette45.5 mi
- LARC's Acadian Village4.55.9 mi
- LARC's Acadian Village4.55.9 mi
- Vermilionville Historic Village4.71.4 mi
- Acadiana Park Nature Station4.72.7 mi
- Children's Museum of Acadiana4.60.2 mi
- Lafayette Science Museum4.20.2 mi
- Moncus Park4.72.3 mi
- Broussard Sports Complex at Saint Julien Park4.68.1 mi
- Girard Park4.61.5 mi
- LARC's Acadian Village4.55.9 mi
- Acadiana Park Nature Station4.72.7 mi
- Topgolf Lafayette45.3 mi
- Surge Entertainment by Drew Brees4.13.5 mi
- Wetlands Golf Course4.42.9 mi
- Les Vieux Chenes Golf Course46.3 mi
- Billy's Boudin & Cracklins - Scott4.75.7 mi
- Acadiana Mall4.25.3 mi
- Marshalls & HomeGoods4.55.2 mi
- Rouses Market4.42.2 mi
- Albertsons4.41.9 mi
- Lafayette Regional Airport4.42.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.