Interested in purchasing investment houses in the 70506 zip code in Lafayette, LA?
The zip code 70506 is in Lafayette county with a latitude of -92.081300000000 and longitude of 30.195540000000, is in the state of Louisiana. The average asking price of houses and condos is $183,225.00 and the average sale price was $145,456.00. this regions is classified as the LaFayette metro area and is in the 337 area code. The location in degrees is 30° 11' 43.944" N, 92° 4' 52.68" W. The county F.I.P.S. is 22055. This zip code contains two cities including Lafayette, LA (49.59%), and Scott, LA (14.51%) The total land area is 20.7 square miles and the water area is 0.0 square miles. The elevation in this area is 26 - 36 feet. The zip code is on central standard time and observes daylight savings time.
The zip 70506 is in county number 055 and is L. Sector 10, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 41,105 in 2019 and 41,163 in 2010. Of this, the break down in 2019 was 39,431 urban and 1,673 rural. This further breaks down to 20,058 males (48.8%) and 21,047 females (51.2%). The median age of residents is 34.7 years. The population of the greater Lafayette, LA area is 263,368. The population density (people per square mile) is 1,986. This zip code has a combined total of 19,608 houses and condos. There are 8,285 rented appartments. 48% of residents rent versus the 48% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $50,096 and the average salary is $42,546. The median household income of individuals is $38,815.00 and the average is $51,490.00. This zip code has a mean commute time to work of 21.9 minutes. The unemployment rate is 3.8%. Income earners by percent breakdown as 61.20% (Under $50,000), 28.20% ($50,000-$100,000), and 10.60% earn over $100,000. 19.0% of residents live below poverty line versus the 19.0% in the state that are below this line. The cost of living index is 85.2. The educational breakdown is 89.5% have a high school education or higher, 36.5% have a bachelor's degree or higher, and 11.7% have some kind of profesional degree.
This area has 17,826 households and the average size is 2.3 people. Individuals who are single and have never been married are 44.6%, 36.1% are now married, 1.8% are separated, 5.3% are widowed, and 12.2% are divorced. The average yearly contribution amount given by people to charity was $3,958 versus the state average of $5,533. The percent of residents who gave to charity was 15.3%.
The estimated median value of houses and condos is $190,520. The median monthly owner costs of mortgage holders was $1,224, where as the costs for those who don't have a mortgage are $400. The median number of rooms in houses and condos are 6.1 versus apartments which had a median number of 4.0.
The real estate tax percent rate is 0.5% which equated to an average real estate tax amount payment of $1,009. In comparision, the average real estate tax percent rate in the state is 0.5% which equated to an average real estate tax amount payment in the state of $919. The median housing property tax percent for residents with mortgages was 0.6% which amounted to an average tax amount of $1,162. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.5% which amounted to an average tax amount of $852. Reported taxable interest for persons was $1,266, dividends $5,138, capital gains +$10,669, and itemized deductions $20,162. The average earned income tax credit is $2,382. The percent of individuals that use a tax preparer is 54.2%. The total average income taxes paid by individuals was $5,103. Businesses reported an average profit of $12,447.
Lagneaux's Restaurant
445 Ridge Rd, Lafayette, LA 70506
Greyson's Boiling Pot
105A Touchet Rd, Lafayette, LA 70506
Dean-O's Pizza
305 Bertrand Dr, Lafayette, LA 70506
Charley G's
3809 Ambassador Caffery Pkwy, Lafayette, LA 70503 (1.9 miles away)
Uncle T's Oyster Bar
1001 Saint Mary St, Scott, LA 70583 (3.5 miles away)
Trynd
116 E Vermilion St, Lafayette, LA 70501 (3.9 miles away)
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
