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City

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State

City

ZIP codes

New Orleans, LA · 70187

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $57K, +2.3% YoY (county); renters hold 48.8% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: . The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

Population

155,821

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 195,552

196Kunits

Occupied155,82179.7%

Vacant39,73120.3%

2024 Tenure ⓘ

U.S. Census ACS · n = 155,821

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

CountyOrleans Parish · HUD 40th-percentile estimate, 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

HUD Fair Market Rents · FY1983–FY2026

County Demographics

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%.

Median Age

38.82024

Population

Orleans Parish Population

362,701-0.7% YoY

Households

Total Households

155,821+0.5% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.29-2.1% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 371,853

372Kresidents

Under 1873,20319.7%

Adults 18–64234,73363.1%

65 & Over63,91717.2%

Age Composition Over Time

U.S. Census ACS · 2017–2024

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 ⓘ

U.S. Census ACS

of residents

Same house87.2%

Moved (within US)12.3%

Other0.5%

Veterans

4.7%0.0% YoY

County Economy

County median household income is $57K, 22.6% of residents are below the poverty level, 14.9% work from home.

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 ⓘ

U.S. Census ACS

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

Done with 70187? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

New Orleans, LA · 70187

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $57K, +2.3% YoY (county); renters hold 48.8% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

Population

155,821

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 195,552

196Kunits

Occupied155,82179.7%

Vacant39,73120.3%

2024 Tenure ⓘ

U.S. Census ACS · n = 155,821

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

CountyOrleans Parish · HUD 40th-percentile estimate, 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

HUD Fair Market Rents · FY1983–FY2026

County Demographics

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%.

Median Age

38.82024

Population

Orleans Parish Population

362,701-0.7% YoY

Households

Total Households

155,821+0.5% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.29-2.1% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 371,853

372Kresidents

Under 1873,20319.7%

Adults 18–64234,73363.1%

65 & Over63,91717.2%

Age Composition Over Time

U.S. Census ACS · 2017–2024

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 ⓘ

U.S. Census ACS

of residents

Same house87.2%

Moved (within US)12.3%

Other0.5%

Veterans

4.7%0.0% YoY

County Economy

County median household income is $57K, 22.6% of residents are below the poverty level, 14.9% work from home.

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 ⓘ

U.S. Census ACS

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

Done with 70187? Put it next to another market.