Zip 70115 (New Orleans, LA) Housing

Housing in 70115 New Orleans, LA is more expensive than the national median. The median house value for this zip code is $530,700, which is nearly double the US house median value of $338,100. Despite being more expensive overall, the housing appreciation over the past year in 70115 New Orleans, LA has been slightly slower than the US average at 6.11% compared to 8.27%. Therefore, buyers should weigh their options carefully when considering real estate in this area as prices tend to be higher and appreciation may be limited.

The median home cost in New Orleans (zip 70115) is $530,700. Home appreciation the last 10 years has been 74.3%. Home Appreciation in New Orleans (zip 70115) is up 9.2%.

Average Age of Homes

- The median age of New Orleans (zip 70115) real estate is 78 years old

The Rental Market in New Orleans (zip 70115)

- Renters make up 45.6% of the New Orleans (zip 70115) population
- 2.8% of houses and apartments in New Orleans (zip 70115), 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
	17,975.0	139,647,020.0
	63	42
	$530,700	$338,100
	9.2%	16.6%
	33.6%	57.0%
	74.3%	101.1%
	$8.77	$10.98
	$4,428	$2,690
	43.8%	57.4%
	19.7%	11.2%
	36.6%	31.4%
Vacant Housing
	2.8%	1.9%
	1.0%	0.4%
	1.5%	0.7%
	0.4%	0.4%
	6.0%	3.6%
	8.0%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	0.5%	2.4%
	1.6%	2.8%
	0.2%	3.9%
	1.1%	4.5%
	2.2%	11.3%
	3.6%	13.0%
	11.5%	20.1%
	12.2%	13.6%
	15.5%	8.3%
	29.5%	9.7%
	8.8%	3.9%
	8.5%	2.2%
	1.3%	0.8%
	2.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.5%	13.6%
	2.5%	13.6%
	2.1%	13.6%
	3.0%	13.2%
	4.7%	14.8%
	2.1%	13.6%
	6.1%	10.0%
	6.4%	4.7%
	65.5%	12.2%

Reviews for New Orleans

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Abhd · New Orleans, LA

Uptown

Over 17 years ago

Uptown New Orleans is back to normal after the hurricane. Taxes are increasing and crime is not too More

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Scott · New Orleans, LA

Not as bad as the media portrays

Over 17 years ago

There are many areas of New Orleans that were not affected in any major way by the storm. My area, Uptown, only suffered residual fallout from ancillary services not More

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