Zip 70128 (New Orleans, LA) Housing

The housing market in 70128 New Orleans, LA is a good investment. The median value of homes in the area is $185,600 which is significantly lower than the US median value of $338,100. In addition, over the last year, house values have appreciated by 6.11%, while nationally they have only appreciated by 8.27%. This makes 70128 a great place to invest in property as it provides an attractive return without the risk associated with higher priced areas.

The median home cost in New Orleans (zip 70128) is $185,600. Home appreciation the last 10 years has been 74.3%. Home Appreciation in New Orleans (zip 70128) is up 9.2%.

Average Age of Homes

- The median age of New Orleans (zip 70128) real estate is 35 years old

The Rental Market in New Orleans (zip 70128)

- Renters make up 29.5% of the New Orleans (zip 70128) population
- 2.9% of houses and apartments in New Orleans (zip 70128), 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
	8,795.0	139,647,020.0
	40	42
	$185,600	$338,100
	9.2%	16.6%
	33.6%	57.0%
	74.3%	101.1%
	$7.07	$10.98
	$1,327	$2,690
	55.3%	57.4%
	10.0%	11.2%
	34.7%	31.4%
Vacant Housing
	2.9%	1.9%
	0.7%	0.4%
	0.5%	0.7%
	0.2%	0.4%
	1.3%	3.6%
	4.5%	4.1%
Value of Owner-Occupied Housing
	3.9%	2.6%
	0.2%	2.4%
	1.3%	2.8%
	1.8%	3.9%
	3.1%	4.5%
	13.3%	11.3%
	32.4%	13.0%
	22.4%	20.1%
	11.2%	13.6%
	5.6%	8.3%
	4.4%	9.7%
	0.0%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.1%	13.6%
	7.1%	13.6%
	8.2%	13.6%
	35.8%	13.2%
	32.7%	14.8%
	8.2%	13.6%
	2.2%	10.0%
	1.4%	4.7%
	2.9%	12.2%

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