New Orleans, LA 70115 - Real Estate Investment Insights & Performance Data

Welcome to our 70115 real estate data hub, tailored for investors in New Orleans, LA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 70115 in New Orleans, LA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in ORLEANS PARISH.

Leverage our comprehensive, zip code-specific data to excel in New Orleans, LA real estate investing. Uncover the wealth of information available, and position yourself for success in the New Orleans property market.

• Location Overview

  • Zip Code: 70115
  • City: New Orleans
  • State: LA
  • Metro Area: New Orleans-Metairie, LA
  • County Name: ORLEANS PARISH

• Real Estate Market Snapshot

  • Average Home Price (All Types): $531,996
  • Average Home Price (Single Family Homes): $593,741
  • Average Monthly Rental Price (All Types): $1,889
  • Price-to-Rent Ratio: 23
  • Zillow Projected % appreciation from 4/2023-4/2024: -0.3%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,550
  • Average 3 Bedroom Section 8 Rental Rates: $2,000
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 28.6
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 22.17
  • Number of Units Offered in Section 8 in the County: 3162
  • Number of Occupied Units in Section 8 in the County: 2966
  • Percentage of Section 8 Units Occupied in the County: 93.80000305%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 434.82
  • Total % Appreciation since 2000 (Government Data): 213.91
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.6%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -4.45%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 12.24%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 26.29%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 81.8%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 97.39%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 164.02%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 4.25%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 6.8%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 20.19%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 26.55%