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ZIP Code · LA

ZIP 70507

Pop. 20,096·Lafayette Parish·34th most expensive ZIP in Louisiana
Median rent (all units)
$1,541/mo
Year-over-Year
Stable
Month-over-Month
-13.2%
vs US Median
-$424
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 70507 · $1,541
More affordable than 71% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$730
1 BR
$850
2 BR
$960
3 BR
$1,230
4 BR+
$1,570
Research median
$960/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$18,492/yr
At $1,541/mo median
Location
StateLA
CountyLafayette Parish
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -13.2% MoM), not inventory.
Demographics

Who lives here

ZIP 70507 (Lafayette, LA) is majority owner-occupied, has a large share of families with children, has a median income below the national average, 29.5% of residents hold a bachelor's degree or higher.

Population
20,096
Median income
$64,049
Median age
36.5
Renters
28.2%
Age distribution
26.5%
21.5%
25%
12.2%
14.8%
Under 1826.5%
18–3421.5%
35–5425%
55–6412.2%
65+14.8%
Gender
46.4%
53.6%
Male46.4%
Female53.6%
Race & ethnicity
43%
49.6%
White43%
Black49.6%
Hispanic3.1%
Asian0.6%
Other3.7%
Education (25+)
32.9%
29.1%
29.5%
No HS diploma8.4%
HS diploma32.9%
Some college29.1%
Bachelor's+29.5%
Housing tenure
71.8%
28.2%
Owner71.8%
Renter28.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 70507 in Lafayette, LA has changed in 5 years

Income
$63,125 → $64,049
up 1.5%
Population
18,398 → 20,096
up 9.2%
Renter share
29% → 28.2%
-0.8 pts
Bachelor's+
25.7% → 29.5%
+3.8 pts
Median age
37.2 → 36.5
-0.7 yrs

On the earnings side, the typical household in ZIP 70507 in Lafayette, LA now reports about $64,049, up from $63,125 in 2021. The population has grown by 9.2% since 2021, moving from about 18,398 residents to roughly 20,096. College-educated residents now make up 29.5% of adults here, versus 25.7% in 2021.

Community

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Local insights

Tips for renters in ZIP 70507

About renting in ZIP 70507

Last updated: July 20, 2026

ZIP code 70507 covers Lafayette, LA. The median rent here is $1,541/mo as of July 2026. A 1-bedroom rents for a median of $850/mo. A 2-bedroom rents for a median of $960/mo.

At 29% of local median household income ($64,049/yr), ZIP 70507 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 70507?

As of July 20, 2026, the median monthly rent in ZIP 70507 (Lafayette, LA) is $1,541. This is based on aggregated data from public sources and community submissions.

How does ZIP 70507 rent compare to the US average?

ZIP 70507's median rent of $1,541/mo is $424 (22%) below the US national median of $1,965/mo.

How does ZIP 70507 compare to other ZIPs in Louisiana?

ZIP 70507 falls in the middle range for Louisiana, ranking #34 out of 91 ZIPs at $1,541/mo.

How much income do you need to rent in ZIP 70507?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,541/mo in ZIP 70507. The local median household income is $64,049/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 70507?

Rent in ZIP 70507 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 70507 an affordable place to rent?

ZIP 70507 is considered affordable for renters. At $1,541/mo, rent takes approximately 29% of the local median household income ($64,049/yr). The standard benchmark is 30%. ZIP 70507 falls comfortably within that range.

What percentage of ZIP 70507 residents rent vs. own?

According to Census data, approximately 28.2% of ZIP 70507 households are renters, while 71.8% are owner-occupied. ZIP 70507 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 70507 compare to the rest of Lafayette?

ZIP 70507 is pricier than Lafayette as a whole. At $1,541/mo, it's $217 above the Lafayette citywide median of $1,324/mo.

When was rent data for ZIP 70507 last updated?

Rent data for ZIP 70507 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $1,541/mo, rent takes ~29% of ZIP 70507's median household income ($64,049/yr). The standard benchmark is 30%.

ZIP 70507 29%Benchmark 30%
State income tax1.85–4.25%
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Schools nearby

Public schools near ZIP 70507 (Lafayette, LA)

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