Zip 70116 (New Orleans, LA) Housing

The housing situation in 70116 New Orleans, LA is relatively stable. The median value of the housing in this area is $330,600, which is only slightly lower than the US house median value of $338,100. In the past year, the US house appreciation has been 8.27%, while in 70116 New Orleans, LA it has been 6.11%. This suggests that although the housing values in this area may not be increasing as quickly as those across the country on average, they are still appreciating at a moderate pace.

The median home cost in New Orleans (zip 70116) is $330,600. Home appreciation the last 10 years has been 74.3%. Home Appreciation in New Orleans (zip 70116) is up 9.2%.

Average Age of Homes

- The median age of New Orleans (zip 70116) real estate is 78 years old

The Rental Market in New Orleans (zip 70116)

- Renters make up 42.6% of the New Orleans (zip 70116) population
- 3.3% of houses and apartments in New Orleans (zip 70116), 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
	9,562.0	139,647,020.0
	63	42
	$330,600	$338,100
	9.2%	16.6%
	33.6%	57.0%
	74.3%	101.1%
	$6.26	$10.98
	$2,118	$2,690
	23.5%	57.4%
	40.1%	11.2%
	36.4%	31.4%
Vacant Housing
	3.3%	1.9%
	0.2%	0.4%
	1.6%	0.7%
	0.2%	0.4%
	21.3%	3.6%
	13.4%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	1.1%	2.4%
	3.8%	2.8%
	1.7%	3.9%
	1.5%	4.5%
	8.4%	11.3%
	6.4%	13.0%
	19.5%	20.1%
	18.4%	13.6%
	14.4%	8.3%
	13.6%	9.7%
	2.1%	3.9%
	3.4%	2.2%
	2.9%	0.8%
	2.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.5%	13.6%
	2.5%	13.6%
	0.4%	13.6%
	1.1%	13.2%
	3.1%	14.8%
	0.4%	13.6%
	3.0%	10.0%
	3.5%	4.7%
	80.1%	12.2%