dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +7.8% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −2.1% YoY, is the number to watch.
The median listing price is up 7.8% YoY while the median home got up 1.1% bigger, so value per square foot is down 9.4%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $420K purchase rents for $1,720/mo: 0.41% of price per month against the 1% rule's 1.00%.
Not shown: 4 BR (sale only, no matching rent), 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent).
Sales here take about 76 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 70112 itself, not its parent county.
Renters hold 90.7% of this ZIP's 2,327 occupied households, on a median household income of $19K.
| Measure | ZIP 70112 | Orleans Parish | Difference |
|---|---|---|---|
| Median Household Income | $19K | $57K | -$37K |
| Below Poverty Level | 39.0% | 22.6% | +16.4% |
| Median Age | 39.60 | 38.80 | +0.80 |
| Total Population | 3,490 | 371,853 | -- |
| Avg Household Size | 1.35 | 2.29 | -0.94 |
| Owner-Occupied | 9.3% | 51.2% | -41.9% |
| Worked From Home | 18.4% | 14.9% | +3.5% |
| Mean Commute | 15.00 | 22.60 | -7.60 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 1.1% to 371,853: residents under 18 are down 1.6% and those 65 and over are up 3.3%.
County median household income is $57K, 22.6% of residents are below the poverty level, 14.9% work from home.