The median value of a home in 70129 New Orleans, LA is $158,100, which is lower than the US national median value of $338,100. Over the course of the past year, house appreciation in 70129 was 6.11%, which is 2.16% lower than the US average of 8.27%. Despite this lower rate of appreciation, housing prices have still seen growth and many people are looking to buy or rent in this area as it provides a great balance between affordability and quality living.
The median home cost in New Orleans (zip 70129) is $158,100. Home appreciation the last 10 years has been 74.3%. Home Appreciation in New Orleans (zip 70129) is up 9.2%.
Average Age of Homes
- The median age of New Orleans (zip 70129) real estate is 34 years old
The Rental Market in New Orleans (zip 70129)
- Renters make up 29.6% of the New Orleans (zip 70129) population
- 2.0% of houses and apartments in New Orleans (zip 70129), 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.