ZIP Code · LA

ZIP 70507

Part of Lafayette, LA

Pop. 20,096·Lafayette Parish·41st most expensive ZIP in Louisiana

Median rent (all units)

$1,487/mo

Year-over-Year

Stable

Month-over-Month

+1.6%

vs US Median

-$445

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 70507 · $1,487

More affordable than 74% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($64,049) is $1,601 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,570).

Rank in Lafayette

5th cheapest of 5 ZIP codes in Lafayette.

Cheaper nearby

ZIP 70501, 3 miles away, rents for 28% less ($1,078/mo), about $4,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 70507. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,844/yr

At $1,487/mo median

Location

CityLafayette

StateLA

CountyLafayette Parish

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.6% 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: October 17, 2026

ZIP code 70507 covers Lafayette, LA. The median rent here is $1,487/mo as of October 2026. A 1-bedroom rents for a median of $850/mo. A 2-bedroom rents for a median of $960/mo.

At 28% 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 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 $59,000/year (about $28/hour full-time) to afford the median rent of $1,487/mo in ZIP 70507. The local median household income is $64,049/yr, so the typical household meets that bar.