Zip 70127 (New Orleans, LA) Housing

The housing in 70127 New Orleans, LA has a median value of $183,700 which is significantly lower than the US national median house value of $338,100. However, the 1 year house appreciation rate in this area is still quite strong at 6.11%, which is only slightly lower than the national rate of 8.27%. This suggests that while 70127 New Orleans may not be experiencing the same rapid economic growth as other parts of the country, there are still plenty of opportunities for investment and potential gains.

The median home cost in New Orleans (zip 70127) is $183,700. Home appreciation the last 10 years has been 74.3%. Home Appreciation in New Orleans (zip 70127) is up 9.2%.

Average Age of Homes

- The median age of New Orleans (zip 70127) real estate is 41 years old

The Rental Market in New Orleans (zip 70127)

- Renters make up 47.3% of the New Orleans (zip 70127) population
- 3.6% of houses and apartments in New Orleans (zip 70127), 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
	10,816.0	139,647,020.0
	45	42
	$183,700	$338,100
	9.2%	16.6%
	33.6%	57.0%
	74.3%	101.1%
	$6.76	$10.98
	$1,097	$2,690
	39.7%	57.4%
	10.2%	11.2%
	50.1%	31.4%
Vacant Housing
	3.6%	1.9%
	1.0%	0.4%
	0.3%	0.7%
	0.1%	0.4%
	0.2%	3.6%
	5.1%	4.1%
Value of Owner-Occupied Housing
	3.2%	2.6%
	0.9%	2.4%
	0.7%	2.8%
	2.0%	3.9%
	5.2%	4.5%
	25.9%	11.3%
	36.8%	13.0%
	18.9%	20.1%
	4.4%	13.6%
	0.0%	8.3%
	0.9%	9.7%
	0.2%	3.9%
	0.4%	2.2%
	0.4%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.8%	13.6%
	4.8%	13.6%
	3.3%	13.6%
	21.5%	13.2%
	43.0%	14.8%
	3.3%	13.6%
	4.8%	10.0%
	1.8%	4.7%
	0.4%	12.2%

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