Zip 70126 (New Orleans, LA) Housing

The housing market in New Orleans, Louisiana (70126) is highly desirable due to its lower median value of $160,400 when compared to the US House Median Value of $338,100. In the past year, the house appreciation in this area has been 6.11%, which is lower than the US 1 year House Appreciation rate of 8.27%. This area offers potential homeowners an affordable housing option that also appreciates at a reasonable rate. Therefore, this makes new orleans a great choice for potential homeowners looking for a great investment opportunity.

The median home cost in New Orleans (zip 70126) is $160,400. Home appreciation the last 10 years has been 74.3%. Home Appreciation in New Orleans (zip 70126) is up 9.2%.

Average Age of Homes

- The median age of New Orleans (zip 70126) real estate is 44 years old

The Rental Market in New Orleans (zip 70126)

- Renters make up 35.4% of the New Orleans (zip 70126) population
- 3.2% of houses and apartments in New Orleans (zip 70126), 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
	12,349.0	139,647,020.0
	47	42
	$160,400	$338,100
	9.2%	16.6%
	33.6%	57.0%
	74.3%	101.1%
	$6.48	$10.98
	$1,045	$2,690
	39.9%	57.4%
	13.4%	11.2%
	46.7%	31.4%
Vacant Housing
	3.2%	1.9%
	0.7%	0.4%
	0.3%	0.7%
	0.1%	0.4%
	0.8%	3.6%
	8.3%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	0.2%	2.4%
	2.3%	2.8%
	1.5%	3.9%
	9.9%	4.5%
	24.1%	11.3%
	30.3%	13.0%
	25.7%	20.1%
	2.0%	13.6%
	0.7%	8.3%
	0.4%	9.7%
	0.0%	3.9%
	0.8%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	9.5%	13.6%
	9.5%	13.6%
	4.9%	13.6%
	12.3%	13.2%
	31.9%	14.8%
	4.9%	13.6%
	17.4%	10.0%
	3.5%	4.7%
	2.0%	12.2%

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