Welcome to our 70118 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 70118 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.
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Location Overview
- Zip Code: 70118
- City: New Orleans
- State: LA
- Metro Area: New Orleans-Metairie, LA
- County Name: ORLEANS PARISH
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Real Estate Market Snapshot
- Average Home Price (All Types): $402,379
- Average Home Price (Single Family Homes): $414,077
- Average Monthly Rental Price (All Types): $1,798
- Price-to-Rent Ratio: 19
- Zillow Projected % appreciation from 4/2023-4/2024: -0.2%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,210
- Average 3 Bedroom Section 8 Rental Rates: $1,560
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 27.71
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 21.49
- 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%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 400.93
- Total % Appreciation since 2000 (Government Data): 185.29
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -2.04%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -3.15%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 15.02%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 28.85%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 84.02%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 114.05%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 198.57%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -0.62%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 5.8%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 24.27%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 34.47%