70507 — Lafayette Parish, Louisiana Market Snapshot
Housing market data for zip code 70507 in Lafayette Parish, Louisiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
70 sales in 2026 (year to date)
Median Sale Price
$257,159
Days to Sell
74
Homes Sold
70
Inventory
91
Sale-to-List
98.7%
New Listings
86
Price/SqFt
$143
Pending Sales
87
Conforming Loan Available
Most homebuyers in 70507 can comfortably use conventional financing. The median home price of $257,159 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
With homes sitting for 74 days on average, 70507 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 70507 (98.7% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 70507 can comfortably use conventional financing. The median home price of $257,159 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 70507 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 70507
To purchase the median home at $257,159 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,120.
Monthly Payment
$2,120
Income Required
$90,869
Principal & Interest
$1,585/mo
Down Payment (5%)
$12,858
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 70507.
Estimated Monthly Payment
$1,741
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