The story of this market
The typical home in ZIP 70540 sells for about $185,000, or $112 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 70540 — Garden City
The housing market in 70540 remains stable with modest price appreciation and low inventory levels. Demand is driven by local residents and families, while the lack of new construction keeps supply tight. Market conditions are expected to remain consistent with regional trends in the near term.
This area is best suited for long-term residents, families seeking a quiet rural lifestyle, and those working in local agriculture or regional energy industries. It is less ideal for commuters requiring transit or those seeking high-density urban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 68 days on market with 4.8 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.1% · poverty 14.2% — 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 2.7%/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 2.7%/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 70540, Lafayette Parish, LA
Crime rates in this area are generally consistent with rural Louisiana averages, with property crime being the primary concern. Local law enforcement maintains a stable presence, though residents often rely on community-based vigilance.
Schools serving this area are part of the local parish school system, which generally receives moderate performance ratings. Educational outcomes are typical for the region, with ongoing efforts to improve literacy and graduation rates.
The area is subject to seasonal flood risks associated with regional bayous and heavy rainfall events. Property insurance premiums reflect these environmental exposures, and flood insurance is strongly recommended for most residential parcels.
Economic momentum is driven primarily by the agricultural and energy sectors, with limited new commercial development. Infrastructure improvements are focused on maintaining existing rural road networks rather than large-scale expansion.
Property taxes are assessed at the parish level based on fair market value, with homestead exemptions available for primary residences. The tax structure is relatively stable, though special millage rates for school and fire districts can cause minor annual fluctuations.
Commutes are primarily car-dependent, with residents traveling to nearby regional employment hubs via state highways. Public transit options are not available in this rural ZIP code.
Recreational opportunities are centered on outdoor activities, including local fishing spots, community parks, and small-town social venues. Shopping and dining options are limited to local businesses within a short drive.
The rental market is characterized by low turnover and a high share of single-family homes. Investor activity is minimal, and short-term rentals are not a significant factor in the local housing supply.
The local economy is anchored by agriculture, small-scale manufacturing, and regional service providers. Employment is largely tied to the broader Lafayette parish economic base.
Transportation is entirely reliant on private vehicles, with access to major regional corridors via state highways. There is no public transit infrastructure serving this area.
There are no major commercial or residential developments currently approved or under construction in this ZIP code.
The Lafayette Parish Assessor's office manages property valuations, utilizing a mass appraisal system for annual tax assessments.
Parcels are subject to parish-wide school, fire, and library district taxes, which are collected alongside property taxes.
Property insurance markets are sensitive to flood and wind risks, with premiums trending upward due to regional climate exposure.
Data retrieved from data.census.gov ZCTA-level tables.
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.
- Kemper Williams Park4.412.3 mi
- Bayou Teche National Wildlife Refuge - Garden City Unit4.31.9 mi
- Atchafalaya Golf Course4.211 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides basic playground and picnic facilities for residents.
Popular for local recreational fishing and boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.