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Freetown-Port Rico

Freetown-Port Rico

Suburban Neighborhood in Lafayette, Louisiana

Lafayette Parish 70501

$175,633 Average Value
$127 Average Price per Sq Ft
3 Homes For Sale

Freetown-Port Rico is a standout neighborhood just next to the University of Louisiana at Lafayette and the city’s downtown. Formed around the end of the Civil War, the area got its name from being a safe haven for freed enslaved people. Over the years, more cultures gravitated to it, and soon, residents from Africa, Lebanon, the Middle East, Greece, Spain and Ireland filled the primarily residential space. The neighborhood was placed on the National Register of Historic Places in 2016, with more than 670 buildings contributing to the designation. Today, this quaint neighborhood is home to specialty shops, places of worship, recreational spaces and music venues.

“Freetown has a very rich history. Not everyone knows about it, but everyone that learns about it is very interested in it,” says Tyler Albrecht with Keaty Real Estate. “There are mostly older homes on piers in the area. They have wood frames and have been there 50 to 100 years. The neighborhood is also very diverse. Some people have lived here their entire lives, and some are new college students.”

Living in a historic district can offer some interesting advantages for homeowners. Historic tax credits might be available to preserve and restore houses, but even if not, the designation often encourages owners to take especially good care of their property, keeping the values high. Most homes in Freetown-Port Rico were built before the 1950s and are primarily made of cottages and bungalows. But strolling the streets will reveal a few Folk Victorians, Tudor Revivals and even a minimal traditional or two. The neighborhood also has a unique homeowners association called the Freetown-Port Rico Coterie. This 12-member board of elected residents makes plans and solves challenges to benefit the area. Prices range from $180,000 for a two-bedroom town house to $255,000 for a three-bedroom, two-bath detached single-family residence.

Students in the area might attend Woodvale Elementary which has an active Parent Teacher Committee, a student-produced morning newscast, science lab, typing club and music classes. Paul Breaux Middle features both French and Spanish Immersion courses along with a respected gifted program. There are also plenty of options for the athletically inclined with choices like soccer, track and field, volleyball and basketball. Lafayette High has been ranked the #6 standout high school in the state by Niche, an education ranking website. The diverse facility is a Louisiana Distinguished School accredited by the Southern Association of Colleges and Schools. It sponsors speech and debate teams, arts programs, a school newspaper and the yearbook.

One of the loveliest things about living in a historic district is all the unique, long-lasting shops you can find. Borden’s Ice Cream Shoppe, for instance, has been operating in Lafayette since 1940 and is the only Borden’s run ice cream retail store left in the world. Evoking decades past, this true neighborhood business will remember your name after the first visit. Even before you get in the door, the friendly bovine face of Borden’s own spokes-cow, Elsie, greets you with a smile as you approach. Open seven days a week, this old-fashioned ice cream parlor has outdoor seating, malts and milkshakes, and, of course, freshly churned ice creams.

Another neighborhood gem is the Acadian Superette. In business for almost 40 years, the shop took a turn in 2015 when it was bought by Robert Autin. Not only the owner but the executive chef too, Autin built a new patio, fireplaces and smoking equipment to ensure all the meats sold here would be made in-house. The Lafayette native makes the store’s charcuterie as well as Cajun specialties such as boudin sausage and Tasso. If you’d like to stop in for a hot meal, locals are especially pleased with the BBQ plate, Ragin’ Cajun Po-boy and the Reuben, complete with house-made pastrami.

Freetown-Port Rico is a charming area just next to downtown Lafayette that welcomes residents with its combination of history and community spirit.

K.T. Phillips
Written By
K.T. Phillips
Curtis Newkirk
Video By
Curtis Newkirk

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Charles Ditch, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Lafayette Regional/Paul Fournet Field

5 min drive

Bus

Vermilion Street & Forrest Street

Bus

Vermilion Street & Pinkhook Road

Bus

Garfield Street & Gordon Street

Bus

Vermilion Street & Alley Street

Bus

Vermilion Street & Taft Street (Outbound)

Bus

Garfield Street & Walton Street

Bus

Pinhook Road & General Mouton Avenue (Outbound)

Crime and Safety

1 - Low Crime, 10 - High Crime Freetown-Port Rico US
Homicide 6 4
Sexual Assault 4 4
Assault with Weapon 5 4
Robbery 5 4
Burglary 5 4
Motor Vehicle Theft 4 4
Larceny 5 4
Crime Score 5 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$154,000
Median Single Family Price
$158,500
Median Townhouse Price
$200,000
Average Price Per Sq Ft
$127
Number of Homes for Sale
3
Last 12 months Home Sales
13
Months of Supply
2.80
Median List Price
$159,500
Median Discount From 1st List Price
2%
Median Home Sale Price YoY Change
17%

Home Facts

Number of Homes in Neighborhood
172
Median Year Built
2014
Avg. Single Family Home Size Sq Ft
1,132
Significantly below the national average
1,936
Average Townhouse Size Sq Ft
698
Median Lot Size Sq Ft
5,227

Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Charles Ditch, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
2,230
Median Age
30
Population Density
8 ppl/acre
Population under 18
22.4%
On par with the national average
23.8%
Population over 65
9.1%
Below the national average
19.1%

Finances

Median Household Income
$24,499
Significantly below the national average
$71,702
Average Household Income
$37,393

Education and Workforce

High School Graduates
93.9%
College Graduates
32.2%
Advanced Degrees
6.1%
Below the national average
13.3%
% Population in Labor Force
56.7%
Below the national average
65.1%

Weather

Annual Precipitation
63''
Average Winter Low Temperature
44°F
Average Summer High Temperature
92°F
Annual Snowfall
0''

Area Factors

Bikeable

Bike Score®

63 / 100

Very Walkable

Walk Score®

80 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Freetown-Port Rico