Zip 70118 (New Orleans, LA) Housing

The housing median value in 70118 New Orleans, LA is $404,200, which is higher than the US house median value of $338,100. In the past year, the US house appreciation has been 8.27%, but in New Orleans, the 1 year house appreciation rate was 6.11%. This indicates that although there has been a slight decrease in the housing market's value in New Orleans, it still remains higher than most areas around the US.

The median home cost in New Orleans (zip 70118) is $404,200. Home appreciation the last 10 years has been 74.3%. Home Appreciation in New Orleans (zip 70118) is up 9.2%.

Average Age of Homes

- The median age of New Orleans (zip 70118) real estate is 78 years old

The Rental Market in New Orleans (zip 70118)

- Renters make up 44.4% of the New Orleans (zip 70118) population
- 2.0% of houses and apartments in New Orleans (zip 70118), 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
	15,717.0	139,647,020.0
	63	42
	$404,200	$338,100
	9.2%	16.6%
	33.6%	57.0%
	74.3%	101.1%
	$7.62	$10.98
	$3,734	$2,690
	40.6%	57.4%
	18.1%	11.2%
	41.4%	31.4%
Vacant Housing
	2.0%	1.9%
	0.9%	0.4%
	0.3%	0.7%
	0.5%	0.4%
	2.7%	3.6%
	11.7%	4.1%
Value of Owner-Occupied Housing
	1.4%	2.6%
	0.6%	2.4%
	0.4%	2.8%
	2.6%	3.9%
	4.2%	4.5%
	5.8%	11.3%
	8.2%	13.0%
	16.5%	20.1%
	15.4%	13.6%
	10.5%	8.3%
	13.3%	9.7%
	9.7%	3.9%
	7.3%	2.2%
	1.6%	0.8%
	2.5%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	2.7%	13.6%
	2.7%	13.6%
	1.8%	13.6%
	2.6%	13.2%
	7.5%	14.8%
	1.8%	13.6%
	9.6%	10.0%
	9.6%	4.7%
	57.6%	12.2%

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