Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

ZIP Code 70616

Learn about the people, housing, costs and businesses in 70616

Median Home$135,200
Median Rent$926/month
Population2,660
Leading IndustryProfessional Services4% of local workforce
Home Value Growth-0.6% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners51% of occupied units
ZIP Code
70616

Frequently Asked Questions

What are today's mortgage rates in ZIP code 70616?

As of today, the 30-year fixed mortgage rate for ZIP code 70616 is approximately 7.059% (7.101% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for ZIP code 70616
What is the median home price in ZIP code 70616?

The median home value in ZIP code 70616 is $135k. The median monthly rent is $926. Annual property taxes average $199. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in ZIP code 70616?

Home values in ZIP code 70616 have decreased 0.6% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in ZIP code 70616?

Based on a typical all-in ownership cost of $769/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 70616 is $27k/year.

Calculate your buying power
What industries drive the economy in ZIP code 70616?

The largest employment sectors in ZIP code 70616 are public administration (15%) and healthcare (6%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

Nearby Areas

Other ZIP codes in LAKE CHARLES