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Flood insurance cost · ZIP 70503 · LA

Flood insurance cost in ZIP 70503 (Lafayette, LA)

What homeowners with a National Flood Insurance Program policy actually pay, from FEMA's records of 1,584 home policies in force on August 31, 2026.

ZIP code 70503 (Lafayette, LA)Policies in force on Aug 31, 2026

Median annual cost of NFIP flood insurance for a home

$1,087a year

Half of insured homes paid between $1,017 and $1,264. That is 5% more than the Lafayette Parish median ($1,031). Most insured homes here are rated in zone X (83%).

$0$1,017 · $1,087 · $1,264$1,580
+10.6% vs Aug 31, 2025 (median $983)
1,584home policies in force
$1,214average cost (mean)
17%of insured homes in high-risk zones (A, V)
$250,000median building coverage

This is what policyholders paid, not a quote. Two neighbors can pay very different prices: NFIP prices depend on the building (elevation, foundation, number of floors, replacement cost), the coverage and deductible chosen and the distance to water (FEMA FloodSmart: premium factors). For a price for your building, ask an insurance agent. Private flood insurance is not included in these figures.

Cost by flood zone in ZIP code 70503

The flood zone on FEMA's map is one of the main price factors. Median and middle half of what insured homes paid, by the zone used to rate the policy.

Flood zoneMedianMiddle half (25th–75th percentile)AveragePoliciesvs last year
Zone AE
High risk		$1,282$1,103–$1,571$1,622273 (17%)+16.7%
Zone X
Moderate to low risk		$1,086$996–$1,259$1,1291,311 (83%)+16.5%

Not shown (fewer than 10 home policies): VE, A, AO, AH, A99/AR, D. Shares are of all insured homes; a few policies have no rated zone. "vs last year" compares medians with policies in force a year earlier.

Cost by type of building

All NFIP policies in force in ZIP code 70503, by what they insure.

Type of buildingPoliciesMedianAverage
Single-family home1,546$1,090$1,224
Condo or apartment unit31$736$707
Whole residential building (5+ units or condo association)
One policy covers the whole building, so the cost is much higher than for a single home.		21$1,482$3,216
Non-residential building or unit
Businesses, churches, farm buildings and other non-residential property.		65$2,047$2,303

Not shown (fewer than 10 policies): 2–4 unit building, manufactured (mobile) home.

1,670NFIP policies in force, any building
1,699insured units (condo association policies count every unit)
95%of home policies also cover contents
$100,000median contents coverage, when bought

One year on: ZIP code 70503

Policies in force on August 31, 2026 compared with a year earlier. Nationwide, practically all policies in both years carry FEMA's Risk Rating 2.0 occupancy codes, so both years use the same pricing system. The policies are not the same: some were new, some lapsed.

Aug 31, 2025Aug 31, 2026Change
Home policies in force1,7591,584−9.9%
Median annual cost$983$1,087+10.6%
Average annual cost$1,077$1,214+12.7%
All policies in force (any building)1,8331,670−8.9%

Flood claims history

Since 1978, NFIP policyholders in ZIP 70503 have filed 630 flood claims. 553 received a payment, for a total of $40.1 million (an average of $72,600 per paid claim). The year with the most claims was 2016 (237 claims). Amounts are in dollars of the time, not adjusted for inflation.

01002003004001979: 11 claims1980: 28 claims, 24 paid, $93,964 in total198019901991: 15 claims, 11 paid, $56,570 in total1993: 49 claims, 45 paid, $972,056 in total19931995: 40 claims, 35 paid, $620,910 in total1998: 23 claims, 22 paid, $273,103 in total1999: 10 claims20002002: 11 claims2008: 12 claims20102016: 237 claims, 221 paid, $32,972,647 in total20162017: 13 claims, 10 paid, $270,830 in total2019: 40 claims, 36 paid, $1,122,956 in total20202021: 50 claims, 48 paid, $2,182,525 in total2021
Flood claims per year of loss, 1978–2026. Years with fewer than 10 claims are left blank. Hover a bar for details.
All years with at least 10 claims (13)

Swipe the table sideways to see all columns.

Year of lossClaimsPaid claimsTotal paidAverage per paid claim
20215048$2,182,525$45,469
20194036$1,122,956$31,193
20171310$270,830$27,083
2016237221$32,972,647$149,197
200812<10––
200211<10––
199910<10––
19982322$273,103$12,414
19954035$620,910$17,740
19934945$972,056$21,601
19911511$56,570$5,143
19802824$93,964$3,915
197911<10––

From 2016 to 2026: 340 claims (counting only years with at least 10). 2026 is a partial year. Claims are counted where the insured property is; they include buildings and contents, homes and businesses.

NFIP communities in this ZIP code

Lafayette (1,226 home policies) · Lafayette City- Parish Consolidated Government (358 home policies). A ZIP code can cross city and county lines; each policy is counted once, in the ZIP code reported for the insured building.