New Orleans, Louisiana Real Estate Market Analysis

dynamic.RE

New Orleans, Louisiana

50 ZIPs in this city:70112 70113 70114 70115 70116 70117 70118 70119 70121 70122 70123 70124 70125 70126 70127 70128 70129 70130 70131 70139 70141 70143 70145 70146 70148 70150 70151 70152 70153 70156 70157 70158 70163 70165 70170 70172 70174 70175 70176 70177 70178 70179 70181 70182 70183 70184 70185 70186 70187 70189

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

+28.5%

Slower

Price vs US

76%

Below avg

Median Listing Price

$338K

Population

409,797

Households

174,889

Median Days on Market

Active Listings

2,034

New Listings

400

Housing Market

Pricing

Median Listing Price

$338K-8.0% YoY

Average Listing Price

$464K-7.4% YoY

Price per Sq Ft

$237.719-3.2% YoY

Median Sq Ft

1,607-4.5% YoY

Inventory

Active Listings

2,034-10.2% YoY

New Listings

400-4.8% YoY

Total Listings

2,493-8.8% YoY

Buyer Competition

Pending Listings

466-1.9% YoY

Pending Ratio

0.23+8.7% YoY

Median Days on Market

78+2.2% YoY

Price Reduced

17.8%-13.4% YoY

Units & Occupancy

2024 Occupancy

196Kunits

Occupied155,82179.7%
Vacant39,73120.3%

2024 Tenure

156Koccupied

Owner79,74451.2%
Renter76,07748.8%

Renter Share

48.8%-1.3% YoY

Total Housing Units

195,552+0.4% YoY

FY2026 Fair Market Rent — Orleans Parish

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$964

/month

1 BR

$1,113

/month

2 BR

$1,331

/month

3 BR

$1,701

/month

4 BR

$1,996

/month

FMR Trends — Orleans Parish

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

409,797-1.0% YoY

2024 Age Mix

410Kresidents

Under 1879,28319.3%
Adults 18–64258,06463.0%
65 & Over72,45017.7%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

39.10+0.9% YoY

Population Under 18

79,283-2.1% YoY

Population 65 & Over

72,450+3.5% YoY

Households & Mobility

Total Households

174,889+0.7% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.26-2.0% YoY

2024 Residential Mobility

of residents

Same house87.1%
Moved (within US)12.3%
Other0.5%

Veterans

4.8%+0.7% YoY

Income & Poverty

Median Household Income

$61K+2.2% YoY

Per-Capita Income

$41K+2.7% YoY

Mean Household Income

$92K+2.0% YoY

Below Poverty Level

21.6%+0.2% YoY

Commuting

2024 Commute Mode

of workers

Drove alone63.8%
Public transit4.3%
Worked from home14.0%
Other17.9%

Worked From Home

14.0%+9.3% YoY

Mean Commute

22.59-0.9% YoY

Units & Tenure

Total Housing Units

216,613+0.5% YoY

2024 Occupancy

217Kunits

Occupied174,88980.7%
Vacant41,72419.3%

2024 Tenure

175Khouseholds

Owner90,41151.7%
Renter84,47848.3%

Avg Household Size — Owner

2.44-2.7% YoY

Avg Household Size — Renter

2.07-1.3% YoY

County Demographics

Median Age

38.82024

Population

Orleans Parish Population

362,701-0.7% YoY

Households

Total Households

155,821+0.5% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.29-2.1% YoY

Age

2024 Age Mix

372Kresidents

Under 1873,20319.7%
Adults 18–64234,73363.1%
65 & Over63,91717.2%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

73,203-1.6% YoY

Population 65 & Over

63,917+3.3% YoY

Median Age

38.80+1.0% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house87.2%
Moved (within US)12.3%
Other0.5%

Veterans

4.7%0.0% YoY

County Economy

Income

Median Household Income

$57K+2.3% YoY

Per-Capita Income

$41K+2.4% YoY

Mean Household Income

$92K+1.9% YoY

Poverty

Below Poverty Level

22.6%0.0% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone62.1%
Public transit4.5%
Worked from home14.9%
Other18.5%

Worked From Home

14.9%+8.8% YoY

Mean Commute

22.60-0.4% YoY

New Orleans, Louisiana

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

+28.5%

Slower

Price vs US

76%

Below avg

Median Listing Price

$338K

Population

409,797

Households

174,889

Median Days on Market

Active Listings

2,034

New Listings

400

Housing Market

Pricing

Median Listing Price

$338K-8.0% YoY

Average Listing Price

$464K-7.4% YoY

Price per Sq Ft

$237.719-3.2% YoY

Median Sq Ft

1,607-4.5% YoY

Inventory

Active Listings

2,034-10.2% YoY

New Listings

400-4.8% YoY

Total Listings

2,493-8.8% YoY

Buyer Competition

Pending Listings

466-1.9% YoY

Pending Ratio

0.23+8.7% YoY

Median Days on Market

78+2.2% YoY

Price Reduced

17.8%-13.4% YoY

Units & Occupancy

2024 Occupancy

196Kunits

Occupied155,82179.7%
Vacant39,73120.3%

2024 Tenure

156Koccupied

Owner79,74451.2%
Renter76,07748.8%

Renter Share

48.8%-1.3% YoY

Total Housing Units

195,552+0.4% YoY

FY2026 Fair Market Rent — Orleans Parish

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$964

/month

1 BR

$1,113

/month

2 BR

$1,331

/month

3 BR

$1,701

/month

4 BR

$1,996

/month

FMR Trends — Orleans Parish

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

409,797-1.0% YoY

2024 Age Mix

410Kresidents

Under 1879,28319.3%
Adults 18–64258,06463.0%
65 & Over72,45017.7%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

39.10+0.9% YoY

Population Under 18

79,283-2.1% YoY

Population 65 & Over

72,450+3.5% YoY

Households & Mobility

Total Households

174,889+0.7% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.26-2.0% YoY

2024 Residential Mobility

of residents

Same house87.1%
Moved (within US)12.3%
Other0.5%

Veterans

4.8%+0.7% YoY

Income & Poverty

Median Household Income

$61K+2.2% YoY

Per-Capita Income

$41K+2.7% YoY

Mean Household Income

$92K+2.0% YoY

Below Poverty Level

21.6%+0.2% YoY

Commuting

2024 Commute Mode

of workers

Drove alone63.8%
Public transit4.3%
Worked from home14.0%
Other17.9%

Worked From Home

14.0%+9.3% YoY

Mean Commute

22.59-0.9% YoY

Units & Tenure

Total Housing Units

216,613+0.5% YoY

2024 Occupancy

217Kunits

Occupied174,88980.7%
Vacant41,72419.3%

2024 Tenure

175Khouseholds

Owner90,41151.7%
Renter84,47848.3%

Avg Household Size — Owner

2.44-2.7% YoY

Avg Household Size — Renter

2.07-1.3% YoY

County Demographics

Median Age

38.82024

Population

Orleans Parish Population

362,701-0.7% YoY

Households

Total Households

155,821+0.5% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.29-2.1% YoY

Age

2024 Age Mix

372Kresidents

Under 1873,20319.7%
Adults 18–64234,73363.1%
65 & Over63,91717.2%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

73,203-1.6% YoY

Population 65 & Over

63,917+3.3% YoY

Median Age

38.80+1.0% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house87.2%
Moved (within US)12.3%
Other0.5%

Veterans

4.7%0.0% YoY

County Economy

Income

Median Household Income

$57K+2.3% YoY

Per-Capita Income

$41K+2.4% YoY

Mean Household Income

$92K+1.9% YoY

Poverty

Below Poverty Level

22.6%0.0% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone62.1%
Public transit4.5%
Worked from home14.9%
Other18.5%

Worked From Home

14.9%+8.8% YoY

Mean Commute

22.60-0.4% YoY