Zip 70124 (New Orleans, LA) Housing

Housing in 70124 New Orleans, LA has a median value of $515,800, which is much higher than the US house median value of $338,100. The US 1 year house appreciation rate is 8.27%, while the 1 year appreciation rate in 70124 New Orleans, LA is 6.11%. This indicates that housing prices in 70124 New Orleans, LA are increasing at a slightly slower rate than the rest of the country as a whole.

The median home cost in New Orleans (zip 70124) is $515,800. Home appreciation the last 10 years has been 74.3%. Home Appreciation in New Orleans (zip 70124) is up 9.2%.

Average Age of Homes

- The median age of New Orleans (zip 70124) real estate is 51 years old

The Rental Market in New Orleans (zip 70124)

- Renters make up 26.9% of the New Orleans (zip 70124) population
- 2.0% of houses and apartments in New Orleans (zip 70124), 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
	8,720.0	139,647,020.0
	52	42
	$515,800	$338,100
	9.2%	16.6%
	33.6%	57.0%
	74.3%	101.1%
	$7.62	$10.98
	$4,734	$2,690
	64.4%	57.4%
	9.8%	11.2%
	25.8%	31.4%
Vacant Housing
	2.0%	1.9%
	0.2%	0.4%
	0.7%	0.7%
	0.3%	0.4%
	2.6%	3.6%
	4.0%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	0.2%	2.4%
	0.1%	2.8%
	0.4%	3.9%
	0.0%	4.5%
	2.0%	11.3%
	2.5%	13.0%
	9.2%	20.1%
	21.7%	13.6%
	16.3%	8.3%
	30.3%	9.7%
	10.8%	3.9%
	4.9%	2.2%
	0.5%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	15.8%	13.6%
	15.8%	13.6%
	5.1%	13.6%
	6.9%	13.2%
	12.6%	14.8%
	5.1%	13.6%
	17.5%	10.0%
	11.9%	4.7%
	7.7%	12.2%

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