The story of this market
The typical home in ZIP 70586 sells for about $189,904, or $105 per square foot.
Prices are up +47.5% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 70586 — Ville Platte
The housing market in 70586 shows signs of steady growth with a significant year-over-year price increase, though inventory remains limited. Market conditions are driven by consistent demand for affordable single-family homes within the Lafayette metro area. Note that some specific metrics like exact months of supply are estimated based on available listing data.
This ZIP is well-suited for families and local workers seeking affordable housing options within commuting distance of Lafayette's employment hubs.
Median prices moved up 47.5% year over year.
Homes spend a median of 62 days on market with 4.2 months of supply — a balanced-paced market.
12% 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 4.8% · poverty 12.1% — 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 3.9%/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 3.9%/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 70586, Lafayette Parish, LA
Crime rates in this area are generally consistent with regional averages for rural and suburban Lafayette Parish, with property crime being the primary concern.
Schools serving this ZIP are part of the Lafayette Parish School System, which maintains a mix of performance ratings across its elementary and secondary campuses.
The area is subject to flood risk typical of South Louisiana, necessitating flood insurance for many properties; wind and hurricane preparedness are standard regional requirements.
Economic momentum is tied to the broader Lafayette metro area, with local development focused on residential expansion and support services for the energy and healthcare sectors.
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.
Residents primarily commute by personal vehicle toward Lafayette city centers via major state highways, with limited public transit options available.
The area features access to local community parks and proximity to regional outdoor recreation, including fishing and boating opportunities in the surrounding bayou country.
The rental market is characterized by a mix of single-family homes and small multi-family units, with stable demand driven by local workforce needs.
The economy is anchored by the Lafayette metro area, with significant employment in energy, healthcare, and education sectors.
Transportation is heavily reliant on the regional highway network, with major corridors connecting the area to the broader Acadiana region.
Development is primarily focused on residential infill and small-scale commercial projects to support the growing population.
The Lafayette Parish Assessor's office conducts periodic reassessments to ensure property values align with current market conditions.
Parcels are subject to various special districts, including fire protection, drainage, and school board millages.
Property insurance premiums are influenced by regional flood and wind risk profiles, with market health tied to state-level insurance regulations.
Data retrieved from data.census.gov using ZCTA 70586 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. Source: NCES EDGE public school locations 2023-24.
Provides local green space and recreational facilities for residents.
Features local Cajun and Creole culinary establishments.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.