Zip 70112 (New Orleans, LA) Housing

New Orleans is one of the most popular cities in Louisiana, and the median value for housing there is $416,500. Although this is higher than the US House Median Value of $338,100, New Orleans has only seen an appreciation rate of 6.11% over the last year compared to the US's 8.27%. Despite this lower appreciation rate, New Orleans continues to be a desirable place to live due to its numerous attractions and unique culture.

The median home cost in New Orleans (zip 70112) is $416,500. Home appreciation the last 10 years has been 74.3%. Home Appreciation in New Orleans (zip 70112) is up 9.2%.

Average Age of Homes

- The median age of New Orleans (zip 70112) real estate is 78 years old

The Rental Market in New Orleans (zip 70112)

- Renters make up 47.9% of the New Orleans (zip 70112) population
- 10.4% of houses and apartments in New Orleans (zip 70112), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	New Orleans, Louisiana	United States
	3,565.0	139,647,020.0
	63	42
	$416,500	$338,100
	9.2%	16.6%
	33.6%	57.0%
	74.3%	101.1%
	$6.73	$10.98
	$2,935	$2,690
	6.1%	57.4%
	38.1%	11.2%
	55.7%	31.4%
Vacant Housing
	10.4%	1.9%
	0.3%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	16.8%	3.6%
	10.7%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	6.8%	4.5%
	0.0%	11.3%
	5.9%	13.0%
	11.0%	20.1%
	21.5%	13.6%
	13.2%	8.3%
	19.6%	9.7%
	0.0%	3.9%
	21.9%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.2%	13.6%
	8.2%	13.6%
	1.9%	13.6%
	3.9%	13.2%
	1.5%	14.8%
	1.9%	13.6%
	7.3%	10.0%
	7.5%	4.7%
	54.3%	12.2%

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