Real Estate Investing in New Orleans, Louisiana (70113)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 70113 (New Orleans, LA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 26.4% of homes vacant — above national norms.
- Declining values: -4.7% 5-year CAGR — values have moved lower.
- Elevated poverty: 22.2% poverty rate — can affect rent collection.
- Lower household income: $33,598 median — tenant affordability is tighter.
What’s happening in New Orleans, LA (70113)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 70113 New Orleans
Investors eyeing 70113 need to respect the fundamentals at play. Home values of $228K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 70113 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in New Orleans have seen price recovery that 70113 has not matched. Orleans Parish data supports the view that the spread is structural rather than temporary.
Who lives in 70113 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 70113 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in New Orleans:
Property Strategy for 70113
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $218,642 | $1,340 | 4.4% | -1.6% | $109,321 |
| 3BR | $231,806 | $1,710 | 5.3% | -0.5% | $77,269 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 70113 Compare?
| Metric | 70113 | New Orleans | New Orleans-Metairie, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $227,831 | $235,818 | N/A | $207,909 |
| 5-Year CAGR | N/A | N/A | N/A | 0.7% |
| Avg Rent | $1,628 | $1,575 | N/A | - |
| Cap Rate | 5.6% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 70113 (New Orleans, LA). Anonymous, moderated, never written by AI.
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Property managers serving Orleans Parish County
Manage rentals here? List your business →Certain Property Management offers condominium and rental property management services, including residential and commercial property management and maintenance in New Orleans and Metairie, LA. summary from their website
Rampart specializes in comprehensive management of multifamily, single-family, retail, industrial, and office spaces across Louisiana, Mississippi, Arkansas, and East Texas. summary from their website
PMI Integrity Properties offers residential, association, short-term, and commercial property management services in Lafayette, Baton Rouge, New Orleans, and surrounding areas. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $227,831 |
| Monthly Rent | $1,628 |
| Price-to-Rent | 11.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.6% |
| Cap Rate | 5.6% |
| 5-Year IRR | 0.9% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | -5.5% ▼ |
| 5-Year CAGR | -4.7% ▼ |
| 10-Year CAGR | +1.0% ▲ |
🏠 Rent Trends
| 1-Year | +11.5% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 70113
Population: 9,888
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 70113
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Benjamin Franklin Elem. Math and Science
New Harmony High Institute
ReNEW Laurel Elementary
Samuel J. Green Charter School
William Hart Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is vacancy a concern in New Orleans, LA?
Occupancy in New Orleans, LA runs stable with elevated vacancy. Well-priced units at $1,628/mo lease on reasonable timelines.
How landlord-friendly is New Orleans, LA?
LA law landlord-friendly for landlords, and New Orleans inherits those rules. Investors should still review local ordinances for rental licensing.
What is the renter demographic in New Orleans, LA?
The renter base in New Orleans, LA is reasonable for the $1,628/mo price point. Screening well and pricing to market typically yields stable tenants.
Can I house hack in New Orleans, LA?
House hacking in New Orleans, LA is a challenging. With home values around $228K and rents at $1,628/mo, owner-occupants can offset a meaningful share of PITI.
Are homes affordable in New Orleans, LA?
Expect median prices around $228K in New Orleans, LA. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
You know 70113 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 70113 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 70113 ranks in New Orleans-Metairie, LA
Every ZIP in this metro, ranked. Free.
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