Zip 70117 (New Orleans, LA) Housing

The housing market in the 70117 zip code of New Orleans, LA is slightly below the national average. The median value of a house in this area is $208,300 compared to the US median of $338,100. Additionally, the one-year appreciation rate for homes in this area is 6.11%, lower than the US average of 8.27%. Despite these lower figures, 70117 still offers an affordable housing market where investors can expect moderate returns on their investments over time.

The median home cost in New Orleans (zip 70117) is $208,300. Home appreciation the last 10 years has been 74.3%. Home Appreciation in New Orleans (zip 70117) is up 9.2%.

Average Age of Homes

- The median age of New Orleans (zip 70117) real estate is 68 years old

The Rental Market in New Orleans (zip 70117)

- Renters make up 40.5% of the New Orleans (zip 70117) population
- 3.2% of houses and apartments in New Orleans (zip 70117), 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
	15,628.0	139,647,020.0
	75	42
	$208,300	$338,100
	9.2%	16.6%
	33.6%	57.0%
	74.3%	101.1%
	$6.06	$10.98
	$1,313	$2,690
	36.2%	57.4%
	22.3%	11.2%
	41.5%	31.4%
Vacant Housing
	3.2%	1.9%
	1.0%	0.4%
	1.1%	0.7%
	0.5%	0.4%
	2.9%	3.6%
	13.7%	4.1%
Value of Owner-Occupied Housing
	2.8%	2.6%
	1.8%	2.4%
	2.7%	2.8%
	4.6%	3.9%
	7.3%	4.5%
	11.7%	11.3%
	16.4%	13.0%
	19.4%	20.1%
	12.7%	13.6%
	6.6%	8.3%
	11.1%	9.7%
	1.0%	3.9%
	0.6%	2.2%
	0.6%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	7.3%	13.6%
	7.3%	13.6%
	1.4%	13.6%
	2.0%	13.2%
	4.4%	14.8%
	1.4%	13.6%
	19.8%	10.0%
	8.0%	4.7%
	45.6%	12.2%

Reviews for New Orleans

See all (1)

Write a Review

Dia · New Orleans, LA

Very good and very bad, but the good outweighs

Over 3 years ago

I've lived in New Orleans for over 20 years, as a single person, as a student, and as a mom of two kids, now teenagers. The best thing about New Orleans by far is the More

��