The story of this market
The typical home in ZIP 70551 sells for about $185,000, or $112 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 70551 — Leonville
The housing market in 70551 remains stable with modest price appreciation and low inventory levels. Demand is driven by local residents and those seeking affordable rural living, though the market is constrained by limited new construction and regional economic factors.
This ZIP is best suited for local families, retirees, and individuals seeking a quiet, rural lifestyle with lower housing costs. It is less ideal for those requiring proximity to major urban amenities or public transit.
Median prices moved up 2.4% year over year.
Homes spend a median of 68 days on market with 5.1 months of supply — a balanced-paced market.
19% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.1% · poverty 14.8% — 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 3.6%/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 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 70551, 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 this rural Louisiana area are generally lower than the national average, with property crime being the primary concern. Local law enforcement maintains a stable presence, though regional comparisons show typical trends for small-town Acadiana.
Schools serving this area are part of the local parish school system, which generally receives moderate performance ratings. Educational outcomes are consistent with regional averages for rural Louisiana districts.
The area is located in a region with significant flood risk, necessitating careful review of FEMA flood maps for individual properties. Wind and storm insurance premiums are a primary consideration for homeowners due to the proximity to the Gulf Coast.
Economic momentum is driven primarily by agriculture, local services, and proximity to larger employment hubs in Lafayette. Development is steady but limited, with infrastructure focused on maintaining existing rural connectivity.
Property taxes are assessed at the parish level with specific millage rates applied to the assessed value of real estate. Homestead exemptions are available for primary residences, and special districts for fire protection and drainage may apply to specific parcels.
Commuting is primarily car-dependent, with residents typically driving to Lafayette or nearby industrial centers for employment. Public transit options are not available, and travel times are dictated by regional highway access.
Recreation is centered on outdoor activities, including local parks and access to nearby bayous and waterways for fishing and boating. Shopping and dining options are limited, requiring travel to larger neighboring towns.
The rental market is characterized by low inventory and steady demand from local workers. Vacancy rates are generally low, and short-term rental presence is minimal compared to urban centers.
The economy is largely supported by the agricultural sector, small businesses, and service-oriented jobs. Many residents commute to the nearby Lafayette metropolitan area for broader employment opportunities.
Transportation is entirely reliant on private vehicles, with access to regional highways serving as the primary transit corridor. There is no public transit infrastructure in this rural ZIP code.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP code. Planning is focused on maintaining rural zoning and infrastructure.
The Lafayette Parish Assessor's office manages property assessments, utilizing a standard millage-based system for tax calculations. Assessments are updated periodically to reflect market value changes.
Parcels are subject to parish-wide school, fire, and drainage district taxes. No major MUDs or PIDs are currently active in this specific area.
Property insurance is a significant factor due to regional flood and wind risks. Premiums have seen upward pressure, and coverage availability is a key consideration for all property owners.
Data retrieved from data.census.gov ZCTA-level tables.
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 basic recreational space and playground facilities for residents.
Public access areas for fishing and small watercraft.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.