Zip 70131 (New Orleans, LA) Housing

Housing in 70131 New Orleans, LA is relatively affordable compared to the US housing median value of $338,100. The median value of homes in 70131 is $223,500, which is approximately 33% lower than the national average. The US housing market has seen a 1 year appreciation rate of 8.27% while the 1 year appreciation rate for 70131 New Orleans is 6.11%, indicating that the housing market in this area may not be as robust as other areas in the US. Despite this, there are still great deals to be had for those interested in purchasing a home in this area.

The median home cost in New Orleans (zip 70131) is $223,500. Home appreciation the last 10 years has been 74.3%. Home Appreciation in New Orleans (zip 70131) is up 9.2%.

Average Age of Homes

- The median age of New Orleans (zip 70131) real estate is 43 years old

The Rental Market in New Orleans (zip 70131)

- Renters make up 32.3% of the New Orleans (zip 70131) population
- 3.3% of houses and apartments in New Orleans (zip 70131), 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
	12,452.0	139,647,020.0
	48	42
	$223,500	$338,100
	9.2%	16.6%
	33.6%	57.0%
	74.3%	101.1%
	$8.61	$10.98
	$1,694	$2,690
	51.4%	57.4%
	12.9%	11.2%
	35.7%	31.4%
Vacant Housing
	3.3%	1.9%
	0.2%	0.4%
	0.8%	0.7%
	0.1%	0.4%
	0.7%	3.6%
	7.9%	4.1%
Value of Owner-Occupied Housing
	1.5%	2.6%
	0.9%	2.4%
	0.5%	2.8%
	2.5%	3.9%
	3.5%	4.5%
	17.2%	11.3%
	25.5%	13.0%
	30.2%	20.1%
	9.3%	13.6%
	2.6%	8.3%
	3.9%	9.7%
	1.5%	3.9%
	0.9%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.9%	13.6%
	6.9%	13.6%
	7.3%	13.6%
	11.1%	13.2%
	35.8%	14.8%
	7.3%	13.6%
	8.2%	10.0%
	4.3%	4.7%
	0.5%	12.2%

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deidra · New Orleans, LA

English Turn

Over 6 years ago

English Turn is the safest, most beautiful neighborhood in the city of New Orleans. The community is gated with 24 hour security and features over 400 home sites. We More

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