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Freetown-Port Rico Homes for Sale

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  • /6

    $72,500

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft

    1013 E Vermilion St, Lafayette, LA 70501

    Charming 2-bedroom, 1-bath home in the heart of Lafayette with excellent investment potential! Featuring a brand new roof only 2 years old, this property is a great candidate for a renovation project, flip, or rental investment. The cozy layout offers plenty of natural light, old style charm, and its all ready for your personal touch. Situated on E Vermilion Street, you'll be minutes from UL

    Sydney Batiste EXP Realty, LLC

    1013 E Vermilion St, Lafayette, LA 70501
  • /20

    $225,000

    • 3 Beds
    • 2 Baths
    • 1,486 Sq Ft

    811 E University Ave, Lafayette, LA 70503

    Welcome to this charming 3-bedroom, 2-bath townhome located just 0.4 miles from University of Louisiana at Lafayette. Freshly painted in 2019, along with no carpet throughout, offers a clean, updated feel. Downstairs includes the living room, kitchen, and primary suite, while upstairs you'll find two additional bedrooms, a shared bathroom, and a versatile landing space. Additional highlights

    Isabelle Beaullieu Compass

    811 E University Ave, Lafayette, LA 70503
  • /3

    $60,000

    • Land
    • 0.18 Acre
    • $333,333 per Acre

    1115 SW Evangeline Thruway, Lafayette, LA 70501

    Hard corner commercial lot with great visibility and easy access to Hwy 90 North and South, offering exceptional exposure and convenience for both local and through traffic. This site provides strong frontage, high daily traffic counts, and seamless connectivity to major Lafayette corridors--making it an ideal location for retail, service, users looking to capitalize on visibility and

    Jake Zimmerman Scout Real Estate Co.

    1115 SW Evangeline Thruway, Lafayette, LA 70501
  • /5

    $55,000

    • 2 Beds
    • 1 Bath
    • 690 Sq Ft

    105 E Clinton St, Lafayette, LA 70501

    Charming 2-bedroom, 1-bath property located just moments from Downtown! This well-maintained unit features no carpet, showcasing easy-to-clean Updated flooring throughout, perfect for both comfort and convenience. It presents a fantastic investment opportunity with reliable cash flow. Enjoy the vibrant city life with nearby amenities, restaurants, and entertainment options

    Deborah Pierce Keller Williams Realty Acadiana

    105 E Clinton St, Lafayette, LA 70501

Why Live in Freetown-Port Rico

Freetown-Port Rico, located adjacent to the University of Louisiana at Lafayette and downtown Lafayette, is a historic neighborhood with a rich cultural tapestry. Established post-Civil War as a haven for freed enslaved people, it has grown to include residents from diverse backgrounds such as Africa, Lebanon, the Middle East, Greece, Spain, and Ireland. The neighborhood, listed on the National Register of Historic Places in 2016, features over 670 historic buildings. Home styles predominantly include cottages and bungalows built before the 1950s, with some Folk Victorians, Tudor Revivals, and minimal traditional homes. The Freetown-Port Rico Coterie, a unique homeowners association, actively works to maintain the community's charm and address local issues.

The area is known for its specialty shops, places of worship, recreational spaces, and music venues. Notable attractions include Borden’s Ice Cream Shoppe, an iconic establishment since 1940, and the Acadian Superette, renowned for its house-made charcuterie and Cajun specialties.

Local schools such as Woodvale Elementary, Paul Breaux Middle, and Lafayette High School offer various academic and extracurricular programs. The neighborhood’s proximity to downtown Lafayette provides convenient access to the university and the city’s vibrant cultural scene, making it a dynamic place to live.

Frequently Asked Questions

Is Freetown-Port Rico a good place to live?
Freetown-Port Rico is a good place to live. Freetown-Port Rico is considered fairly walkable and bikeable. Freetown-Port Rico is a suburban neighborhood. Freetown-Port Rico has 5 parks for recreational activities. It is somewhat dense in population with 7.8 people per acre and a median age of 30. The average household income is $37,393 which is below the national average. College graduates make up 32.2% of residents. A majority of residents in Freetown-Port Rico are renters, with 81.7% of residents renting and 18.3% of residents owning their home. A local real estate agent serving Freetown-Port Rico can help you decide if this neighborhood is the right one for you. Learn more on our Freetown-Port Rico neighborhood guide.
How much do you need to make to afford a house in Freetown-Port Rico?
The median home price in Freetown-Port Rico is $140,000. If you put a 20% down payment of $28,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $700 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $30K a year to afford the median home price in Freetown-Port Rico. The average household income in Freetown-Port Rico is $37K.
What are the best public schools in Freetown-Port Rico?
The best public schools that serve Freetown-Port Rico are:
What are the best private schools in Freetown-Port Rico?
The best private schools that serve Freetown-Port Rico are:
What are the most popular zip codes in Freetown-Port Rico, Lafayette, LA?
The most popular zip codes in Freetown-Port Rico, Lafayette, LA include 70501, 70503, 70506, 70508 and 70507.
What are the most popular neighborhoods near Freetown-Port Rico, Lafayette, LA?
The most popular neighborhoods near Freetown-Port Rico, Lafayette, LA are Heymann Park, Downtown Lafayette, Bendel Gardens, Saints Streets and West End.
Are home prices dropping in Freetown-Port Rico?
Yes, home prices in Freetown-Port Rico are down 10% in the last 12 months.

Home Trends in Freetown-Port Rico, LA

Housing Trends

Median Sale Price
$132,000
Median Single Family Sale Price
$132,000
Median Townhouse Sale Price
$225,000
Average Price Per Sq Ft
$122
Number of Homes for Sale
3
Last 12 months Home Sales
13
Months of Supply
2.80
Median List Price
$140,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
0%
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