The story of this market
The typical home in New Orleans, Louisiana sells for about $339,775, or $187 per square foot.
Prices are down 1.5% from a year ago, which gives buyers more room to negotiate. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,600 a month.
Monthly price momentum
Home values since 2015
+0.5%
LA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
New Orleans, Louisiana
The New Orleans housing market is currently balanced, with a median sale price of approximately $340,000 and a moderate pace of sales. Market activity is influenced by ongoing climate-related insurance pressures and a slow economic recovery, though demand remains steady in key historic and residential neighborhoods.
No ARED county foreclosure postings attributed to New Orleans yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).
Deterministic aggregate of 19 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 5.7% year over year.
Homes spend a median of 60 days on market with 5.4 months of supply — a balanced-paced market.
16% of listings have cut prices · homes sell at 87.82% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.5% · poverty 22.0% — a mixed stability profile.
- Dave & Buster's New Orleans3.70 mi
- Sky Zone Trampoline Park4.16.7 mi
- Game On Social Hub4.510.2 mi
- K1 Speed New Orleans4.66.4 mi
- Storyland4.52.8 mi
- Caesars Superdome4.60.3 mi
- New Orleans Ernest N. Morial Convention Center4.50.9 mi
- Smoothie King Center4.60.4 mi
- Preservation Hall4.70.8 mi
- The Sazerac House4.90.5 mi
- The National WWII Museum4.80.6 mi
- French Market4.51.1 mi
- Audubon Aquarium4.40.8 mi
- Audubon Zoo4.53.8 mi
- Jackson Square4.70.9 mi
- The National WWII Museum4.80.6 mi
- Jackson Square4.70.9 mi
- Napoleon House4.60.7 mi
- New Orleans Museum of Art4.72.7 mi
- The Sazerac House4.90.5 mi
- Jackson Square4.70.9 mi
- New Orleans City Park4.83.8 mi
- Louis Armstrong Park4.51 mi
- Audubon Park4.73.6 mi
- Lafreniere Park4.78.9 mi
- New Orleans RV Resort & Marina4.25.7 mi
- Mid City Yacht Club4.52.6 mi
- Southern Yacht Club4.55.8 mi
- Seabrook Harbor & Marine4.55.6 mi
- Eddie Pinto's Marina & Seafood4.48.5 mi
- TPC Louisiana4.67.6 mi
- Bayou Oaks At City Park44.5 mi
- Golf Club at Audubon Park4.43.5 mi
- Chateau Golf & Country Club4.511.9 mi
- Loft18 Metairie4.55.1 mi
- Lakeside Shopping Center4.46.2 mi
- French Market4.51.1 mi
- Riverwalk Outlets4.40.9 mi
- Rouses Market4.50.2 mi
- Ross Dress for Less4.21.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
The city's historic heart, featuring iconic architecture, dining, and nightlife that serves as a primary driver for both tourism and local property demand.
One of the largest urban parks in the country, offering extensive green space, botanical gardens, and recreational facilities that enhance neighborhood desirability.
A major green space in the Uptown area, providing walking paths, golf, and proximity to the zoo, serving as a key amenity for surrounding residential areas.
New Orleans attracts a mix of historic-home enthusiasts, investors focused on the tourism-driven rental market, and families seeking the unique cultural lifestyle of the city's distinct neighborhoods.
The city relies on a mix of historic streetcar lines and bus networks, with major highway corridors like I-10 serving as the primary regional transit arteries.
New Orleans offers a world-class amenity base centered on its historic districts, vibrant culinary scene, and extensive park system including City Park and Audubon Park.
The rental market is characterized by a significant presence of short-term rentals, which impacts long-term housing availability and exerts pressure on local rent trajectories.
The economy is heavily anchored by tourism, hospitality, and port-related logistics, with ongoing efforts to expand into technology and healthcare sectors.
Economic momentum is characterized by a slow recovery in job growth following the pandemic, with the city working to diversify beyond its traditional tourism and hospitality base.
Development is focused on historic preservation and adaptive reuse of older structures, particularly in the CBD and surrounding historic districts.
Parcels in New Orleans are subject to various special taxing districts, including those for levee protection, public schools, and municipal services.
New Orleans faces significant, ongoing climate risks related to hurricane-driven storm surge and flooding, which heavily influence property insurance premiums and market stability.
The property insurance market is challenging due to high hazard exposure, leading to elevated premiums that remain a critical factor in real estate affordability.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Louisiana) — Ad Valorem Property Tax Assessment: Property is assessed at 10% of its fair market value. The tax liability is calculated by applying the local millage rate to the assessed value. A homestead exemption of $75,000 of the assessed value is available for owner-occupied primary residences.
Data retrieved from U.S. Census Bureau QuickFacts and ACS 2024 estimates.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.