70506 — Lafayette Parish, Louisiana Market Snapshot
Housing market data for zip code 70506 in Lafayette Parish, Louisiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
134 sales in 2026 (year to date)
Median Sale Price
$219,999
Days to Sell
43
Homes Sold
134
Inventory
153
Sale-to-List
98.2%
New Listings
157
Price/SqFt
$133
Pending Sales
151
Conforming Loan Available
Most homebuyers in 70506 can comfortably use conventional financing. The median home price of $219,999 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
70506's market is balanced with homes taking an average of 43 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 70506 (98.2% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 70506 can comfortably use conventional financing. The median home price of $219,999 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 70506 are set at the county level.
2026 Loan Limits — Lafayette Parish
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 70506
To purchase the median home at $219,999 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,836.
Monthly Payment
$1,836
Income Required
$78,667
Principal & Interest
$1,356/mo
Down Payment (5%)
$11,000
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 70506.
Estimated Monthly Payment
$1,512
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 70506. Tell us what you're looking for.