The story of this market
The typical home in ZIP 70550 sells for about $245,000, or $138 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,350 a month.
ZIP 70550 — Lawtell
The housing market in 70550 remains stable with modest year-over-year price appreciation and balanced inventory levels. Demand is supported by local employment in Lafayette, though affordability constraints and insurance costs continue to influence buyer activity.
This ZIP is well-suited for local families and commuters seeking more affordable housing options compared to the Lafayette urban core, while maintaining access to regional amenities.
Median prices moved up 2.4% year over year.
Homes spend a median of 42 days on market with 4.1 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 11.5% — a stable, low-distress 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 3.8%/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
net influx — more people moved in than out
ZCTA 70550, Lafayette Parish, LA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the area are generally consistent with regional averages for rural-suburban Louisiana, with property crime being the primary concern.
Schools serving the area are part of the Lafayette Parish School System, which maintains a mix of magnet and traditional neighborhood schools with varying performance ratings.
The area is subject to flood risk associated with the Vermilion River basin and requires flood insurance for many properties; wind damage from tropical systems is a seasonal concern.
Economic momentum is driven by the proximity to Lafayette's healthcare and energy sectors, with steady residential infill development occurring in the surrounding parish.
Property taxes are assessed by the Lafayette Parish Assessor based on fair market value, with homestead exemptions available for primary residences.
Commuters primarily rely on US-90 and local state highways for access to the Lafayette employment core, with typical drive times ranging from 20 to 35 minutes.
The area offers access to local community parks, nearby bayou fishing and boating opportunities, and is within a short drive of Lafayette's major shopping and dining districts.
The rental market is characterized by stable demand from local workforce and students, with limited new multi-family supply keeping vacancy rates low.
The economy is anchored by the broader Lafayette metropolitan area, with significant employment in healthcare, oil and gas services, and education.
Transportation is heavily reliant on private vehicles, with major corridors providing connectivity to the I-10 and I-49 interchanges.
Development is largely focused on residential infill and small commercial expansions along primary arterial roads.
The Lafayette Parish Assessor's office manages property valuations, adhering to state-mandated assessment cycles.
Parcels are subject to Lafayette Parish school, fire, and drainage district taxes.
Property insurance premiums are elevated due to regional flood and wind exposure, necessitating careful policy selection.
Data retrieved from data.census.gov using ZCTA 70550 profile.
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.
Provides local green space and community sports facilities.
Key natural feature supporting local recreation and drainage.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.