The story of this market
The typical home in ZIP 70524 sells for about $148,444, or $137 per square foot.
Prices are down 5.7% from a year ago, which gives buyers more room to negotiate. Homes take about 75 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 70524
The housing market in 70524 is currently experiencing a period of price correction, with values declining 5.7% year-over-year. High poverty rates and limited new development contribute to a stagnant market environment, though the area remains an affordable option for local residents. Inventory is constrained, and the market is largely driven by local demand rather than external investment.
This ZIP is best suited for local families and individuals seeking affordable, rural-adjacent housing who are comfortable with a car-dependent lifestyle and proximity to smaller regional employment centers.
Median prices moved down 5.7% year over year.
Homes spend a median of 75 days on market with 6.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 96.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 24.0% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 70524, Evangeline Parish, LA
The area is served by the Evangeline Parish School District, which provides local public education options.
The region is subject to standard Louisiana flood and wind risk profiles; property insurance availability and premiums are influenced by regional hurricane exposure.
Economic momentum is largely tied to regional agricultural and small-town service sectors in Evangeline Parish, with limited large-scale industrial development reported.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Louisiana) — Ad Valorem Property Tax Assessment: Property is assessed at 10% of its fair market value. The tax liability is calculated by applying the local millage rate to the assessed value. A homestead exemption of $75,000 of the assessed value is available for owner-occupied primary residences.
Commuting is primarily car-dependent, with residents traveling to nearby employment hubs in Lafayette or Opelousas via regional highway corridors.
Local recreation is centered on rural community parks and proximity to regional outdoor spaces in Evangeline Parish.
The rental market is characterized by limited inventory and high demand for affordable housing, with the local housing authority managing a significant portion of the available stock.
The local economy is primarily driven by agriculture, local government, and small-scale retail services.
No major large-scale commercial or residential developments are currently reported for this ZIP.
Parcels are subject to Evangeline Parish school and local municipal tax districts.
Property insurance market is tight due to regional climate risks, with premiums trending upward.
Data retrieved from US Census Bureau and World Population Review.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Local public green space serving the immediate community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.