The story of this market
The typical home in ZIP 70503 sells for about $275,000, or $143 per square foot.
Prices are up +2.2% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,700 a month.
ZIP 70503 — Lafayette
The 70503 housing market shows resilience with a median sale price of $275,000 and a modest year-over-year price increase. While inventory remains tight, the market is moving at a steady pace with homes selling near list price, reflecting stable demand from local buyers.
This ZIP is well-suited for families, university-affiliated professionals, and medical workers seeking a balance of suburban residential space and proximity to Lafayette's core employment and retail centers.
Median prices moved up 2.2% year over year.
Homes spend a median of 28 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 12.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 70503, 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.
The area is served by the Lafayette Parish School System, which maintains a mix of public school ratings; specific school quality varies by neighborhood attendance zone.
The region is subject to flood risks common to South Louisiana, necessitating careful review of flood zone maps and insurance requirements.
Economic momentum is driven by the healthcare, energy, and education sectors centered in Lafayette, with ongoing infrastructure maintenance and commercial development.
Property taxes are assessed by Lafayette Parish at an effective rate of approximately 0.6%, with exemptions available for primary residences (homestead exemption).
Residents in 70503 benefit from central access to major thoroughfares like Johnston Street and Ambassador Caffery Parkway, facilitating relatively short commutes to Lafayette's primary employment hubs.
The area features proximity to local parks, shopping centers along the Johnston Street corridor, and various dining options, providing a suburban lifestyle with urban conveniences.
The rental market is moderately active with a significant renter share of approximately 34%, supported by the area's proximity to the university and medical district.
The economy is anchored by the healthcare sector, the University of Louisiana at Lafayette, and the regional energy industry.
The area is served by a network of major surface streets and highways, with limited public transit options typical of the region.
Development is characterized by infill projects and ongoing commercial expansion along major traffic corridors.
Parcels are subject to Lafayette Parish tax assessments and standard municipal utility districts.
Property insurance premiums in the region are influenced by coastal hazard exposure and state-wide market conditions.
Data derived from City-Data and Census Bureau profiles for ZCTA 70503.
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.
- Camp Margaritaville RV Resort Breaux Bridge4.417.8 mi
- Surge Entertainment by Drew Brees4.13.6 mi
- Kart Ranch4.54.4 mi
- Elevation Station4.57.7 mi
- Sky Zone Trampoline Park4.40.3 mi
- CAJUNDOME & Convention Center4.53.5 mi
- Camp Margaritaville RV Resort Breaux Bridge4.417.8 mi
- Cajun Field4.63.3 mi
- LARC's Acadian Village4.51.9 mi
- Vermilionville Historic Village4.74.9 mi
- The Grand Ambassador by Santikos4.41.4 mi
- The Grand Lafayette by Santikos4.42.3 mi
- Zoosiana4.38.2 mi
- Dave and Buster's Lafayette41.8 mi
- LARC's Acadian Village4.51.9 mi
- LARC's Acadian Village4.51.9 mi
- Vermilionville Historic Village4.74.9 mi
- Acadiana Park Nature Station4.77.4 mi
- Children's Museum of Acadiana4.64.5 mi
- Lafayette Science Museum4.24.6 mi
- Moncus Park4.72.5 mi
- Broussard Sports Complex at Saint Julien Park4.68.4 mi
- Girard Park4.63.5 mi
- LARC's Acadian Village4.51.9 mi
- Acadiana Park Nature Station4.77.4 mi
- Topgolf Lafayette41.7 mi
- Surge Entertainment by Drew Brees4.13.6 mi
- Wetlands Golf Course4.46.3 mi
- Les Vieux Chenes Golf Course44.6 mi
- Billy's Boudin & Cracklins - Scott4.75.7 mi
- Acadiana Mall4.20.8 mi
- Marshalls & HomeGoods4.51.4 mi
- Rouses Market4.43 mi
- Albertsons4.42.9 mi
- Lafayette Regional Airport4.44.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major commercial artery providing extensive retail and restaurant access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.