ZIP 70506
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 70506 usually run 0.7% below trend in January and 0.9% above it in July, about $21 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 70506 is at its highest level since Zillow's records here began in March 2018.
Rent in ZIP 70506 changed +4.5% over the year to September 2026. Across the 75 Louisiana ZIP codes Zillow tracks, the typical change was +3.0%.
From 2019 to 2024, rent in ZIP 70506 rose 26.3% while median household income rose 21.9% ($47,059 to $57,379). Rent outpaced income.
Rent in ZIP 70506 is 34.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($57,379) is $1,434 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,390); a 4-bedroom is $1,690.
2nd cheapest of 5 ZIP codes in Lafayette.
ZIP 70529, 5 miles away, rents for 36% less ($838/mo), about $5,700 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 70506. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 70506 (Lafayette, LA) is roughly split between renters and owners, has a median income below the national average, 36.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 70506 in Lafayette, LA has changed in 5 years
Since 2021, the typical rent in ZIP 70506 in Lafayette, LA has climbed from $1,031 to $1,312, a 27.3% change over five years. Median household income rose from $49,945 to $57,379 between 2021 and 2024, a 14.9% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 5.0% since 2021, moving from about 40,304 residents to roughly 42,318. Renters now make up 50.4% of households, compared with 47.1% five years ago. Taken together, the five-year picture in ZIP 70506 in Lafayette, LA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 70506
Last updated: October 17, 2026
ZIP code 70506 covers Lafayette, LA. The median rent here is $1,312/mo as of October 2026. A 1-bedroom rents for a median of $960/mo. A 2-bedroom rents for a median of $1,090/mo.
At 27% of local median household income ($57,379/yr), ZIP 70506 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.5% over the past year.
Frequently asked questions
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How does ZIP 70506 compare to the rest of Lafayette?
At $1,312/mo, rent takes ~27% of ZIP 70506's median household income ($57,379/yr). The standard benchmark is 30%.
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