Zip 70122 (New Orleans, LA) Housing

Housing in 70122 New Orleans, LA is comparatively more affordable than the US average. The median value of a house in 70122 is $257,300 compared to the US median of $338,100. Over the past year, houses have appreciated at a rate of 6.11%, lower than the national rate of 8.27%. This indicates that 70122 offers an attractive market for potential home buyers looking for good deals on quality housing.

The median home cost in New Orleans (zip 70122) is $257,300. Home appreciation the last 10 years has been 74.3%. Home Appreciation in New Orleans (zip 70122) is up 9.2%.

Average Age of Homes

- The median age of New Orleans (zip 70122) real estate is 58 years old

The Rental Market in New Orleans (zip 70122)

- Renters make up 32.6% of the New Orleans (zip 70122) population
- 0.7% of houses and apartments in New Orleans (zip 70122), 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
	16,993.0	139,647,020.0
	63	42
	$257,300	$338,100
	9.2%	16.6%
	33.6%	57.0%
	74.3%	101.1%
	$6.12	$10.98
	$1,416	$2,690
	48.9%	57.4%
	12.1%	11.2%
	39.0%	31.4%
Vacant Housing
	0.7%	1.9%
	0.4%	0.4%
	0.7%	0.7%
	0.2%	0.4%
	1.0%	3.6%
	9.2%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.7%	2.4%
	0.3%	2.8%
	1.0%	3.9%
	4.7%	4.5%
	10.7%	11.3%
	20.3%	13.0%
	33.8%	20.1%
	17.7%	13.6%
	4.7%	8.3%
	3.6%	9.7%
	0.3%	3.9%
	0.4%	2.2%
	0.1%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	6.7%	13.6%
	6.7%	13.6%
	1.9%	13.6%
	5.1%	13.2%
	9.2%	14.8%
	1.9%	13.6%
	37.0%	10.0%
	13.6%	4.7%
	5.8%	12.2%

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