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Housing market/Louisiana/ZIP 70506

ACS 2023 · FY2027 SAFMR

ZIP 70506 Lafayette, Louisiana

Lafayette, LA HUD Metro FMR Area · Louisiana. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
41,550
Households
18,721
Median HH income
$55,553
Renter share
48.4%
Median gross rent
$1,024
Vacancy
7.8%
Pop. change
+0.2%
2BR SAFMR
$1,170
SAFMR / rent
1.143×
2–49 unit stock
5,513
LIHTC proj / units
6 / 339
HUD assisted MF
8 / 211

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 70506 · LA — sent to you.

ZIP 70506 · LA

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ACS rent vs 2BR SAFMR

ZIP 70506 — Lafayette, LA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,024
2BR SAFMR$1,170
90% floor$1,053
110% ceiling$1,287

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 70506

  • 1-unit detached12,14759.9%
  • 1-unit attached8864.4%
  • 2–4 units1,4517.2%
  • 5–49 units4,06220.0%
  • 50+ units6603.3%
  • Mobile1,0795.3%
TypeUnitsShare
1-unit detached12,14759.8%
1-unit attached8864.4%
2 units (duplex)4182.1%
3–4 units1,0335.1%
5–9 units1,9029.4%
10–19 units1,3176.5%
20–49 units8434.2%
50+ units6603.3%
Mobile1,0795.3%

2–4 unit share 7.1% · 5–49 unit share 20.0% · combined 2–49 27.2%.

Units by bedrooms

Studio
294
1BR
2,605
2BR
5,688
3BR
8,811
4BR
2,734
5+
164

Rent burden

Rent ≥30% of income44.6%
Rent ≥50% of income21.9%
  • ACS median gross rent $1,024 (all bedrooms, occupied rentals).
  • Median contract rent $858.
  • Renters paying ≥30% of income 44.6%; ≥50% 21.9%.
  • FY2027 2BR SAFMR $1,170 (1.143× ACS median gross rent).

Population

41,550 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +0.2%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 6 projects, 339 units.
  • HUD project-based assisted MF: 8 properties, 211 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 70506 48.4% of occupied households are renters; vacancy is 7.8%; ACS median gross rent is $1,024; population increased +0.2% between the 2018 and 2023 ACS vintages; the housing stock includes 1,451 units in 2–4-unit structures and 4,062 units in 5–49-unit structures; 6 LIHTC projects totaling 339 units; FY2027 2BR SAFMR is $1,170 versus ACS median gross rent of $1,024. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Louisiana research

ZIP 70506 is a Census / HUD profile for Lafayette, LA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 70506 — Lafayette, LA HUD Section 8 Payment Standards / SAFMR·Louisiana ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
70339Lafayette, LA HUD Metro FMR Area7.2%$706$92070501Lafayette, LA HUD Metro FMR Area57.7%$867$1,01070502Lafayette, LA HUD Metro FMR Area——$1,11070503Lafayette, LA HUD Metro FMR Area32.3%$1,087$1,19070504Lafayette, LA HUD Metro FMR Area——$1,11070505Lafayette, LA HUD Metro FMR Area——$1,11070507Lafayette, LA HUD Metro FMR Area28.4%$937$1,00070508Lafayette, LA HUD Metro FMR Area36.6%$1,244$1,29070509Lafayette, LA HUD Metro FMR Area——$1,11070517Lafayette, LA HUD Metro FMR Area22.5%$938$1,01070519Lafayette, LA HUD Metro FMR Area0.0%—$99070521Lafayette, LA HUD Metro FMR Area——$920

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Louisiana research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 70506?

ZIP 70506 (Lafayette, LA HUD Metro FMR Area) has 41,550 residents, 18,721 households, a renter share of 48.4%, median household income of $55,553, and ACS 2023 median gross rent of $1,024. Vacancy is 7.8%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 70506?

ACS counts 418 units in 2-unit buildings, 1,033 in 3–4 unit buildings, 1,902 in 5–9, 1,317 in 10–19, and 843 in 20–49. Combined 2–49 unit stock is 5,513 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 70506?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,170. See the full schedule and 90–110% payment-standard band on the ZIP 70506 — Lafayette, LA HUD Section 8 Payment Standards / SAFMR.

Does this Louisiana ZIP profile include Georgia listings?

No. ZIP 70506 is Census / HUD research for Lafayette, LA HUD Metro FMR Area. Jeff Crowe CRE does not list Louisiana property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.