The story of this market
The typical home in ZIP 70559 sells for about $202,272, or $128 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $485 a month.
ZIP 70559 — Morse
The housing market in ZIP 70559 remains stable, characterized by modest price appreciation and limited inventory. Market activity is largely driven by local demand within the broader Lafayette metro area, with affordability remaining a key factor for residents.
This area is best suited for local families and long-term residents seeking a quiet, small-town environment with access to the broader amenities of the Lafayette metro area.
Median prices moved up 2.5% year over year.
Homes spend a median of 58 days on market with 4.2 months of supply — a fast-moving market.
19% 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 4.9% · poverty 16.7% — 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 3.8%/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 3.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 70559, Iberia Parish, LA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is subject to regional flood risks common to the Louisiana coastal plain, necessitating standard flood insurance coverage for most residential properties.
Economic momentum is tied to the broader Lafayette metro area, which serves as a regional hub for energy, healthcare, and education sectors.
Property taxes are assessed at the parish level based on a percentage of fair market value, with homestead exemptions available for primary residences.
Residents primarily rely on personal vehicles for commuting, with access to regional highways connecting to the Lafayette employment core.
Local recreation is centered on community parks and proximity to regional bayou-based outdoor activities and small-town shopping districts.
The rental market is characterized by moderate demand, with a mix of single-family rentals and small-scale multi-family units serving the local workforce.
The economy is driven by regional agriculture, energy services, and small-scale manufacturing typical of the Iberia Parish and Lafayette metro corridor.
Transportation is primarily highway-dependent, with limited public transit options available outside of the main Lafayette urban core.
Development is largely focused on small-scale residential infill and local infrastructure maintenance.
Parcels are subject to Iberia Parish school and local municipal tax districts.
Property insurance premiums are influenced by regional wind and flood hazard exposure, consistent with South Louisiana standards.
Data retrieved from US Census Bureau ZCTA-level tables.
- Mr Gatti's Pizza4.410.1 mi
- Maison D'Memoire Bed & Breakfast Cottages4.915.8 mi
- Mr Gatti's Pizza4.213.8 mi
- Mr Gatti's Pizza4.410.1 mi
- Crowley Cinema IV4.310.2 mi
- Tony Robichaux Sports Complex4.58.9 mi
- Levy Park4.59.7 mi
- Crawfish Nest & Market4.58.9 mi
- Lafayette Regional Airport4.430 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.