New Orleans, LA Real Estate
New Orleans anchors one of Louisiana's largest metro areas with a population of about 376,035. The median home value is near $296,400, and median rent runs around $1,211/mo.
Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.
Median Home Value
$296,400
Median Rent
$1,211/mo
Population
376,035
Median Income
$55,339
Median Age
38.4
Homeownership
50.5%
Monthly payment on a median New Orleans home
Example for a $296,400 home: 20% down, 30-yr at ~6.75%, LA property tax ~0.56%, 0.4% insurance.
Est. monthly (PITI)
$1,775
Principal & interest
$1,538
Property tax / mo
$138
Down payment (20%)
$59,280
New Orleans at a glance
- 22.5% of residents 25+ hold a bachelor's degree or higher.
- 50.5% of occupied homes are owner-occupied.
- Median household income is $55,339.
- Always verify the assigned school district, flood zone, and HOA for a specific address before signing.
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