Real Estate Investing in New Orleans, Louisiana (70117)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 70117 (New Orleans, LA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 23.3% of homes vacant — above national norms.
- Declining values: -3.2% 5-year CAGR — values have moved lower.
- Lower household income: $37,472 median — tenant affordability is tighter.
What’s happening in New Orleans, LA (70117)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 70117 New Orleans
The 70117 ZIP in New Orleans, LA is a local-operator market. Outside capital chasing a $175K entry has to pair deep knowledge with the discount.
Rent of $1,472/mo on a $175K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 70117 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in New Orleans have seen price recovery that 70117 has not matched. Orleans Parish data supports the view that the spread is structural rather than temporary.
A significant renter share of 53% in 70117 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 70117 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in New Orleans:
Property Strategy for 70117
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $179,792 | $1,120 | 4.5% | -1.8% | $179,792 |
| 2BR | $155,436 | $1,340 | 6.2% | -2.0% | $77,718 |
| 3BR | $156,894 | $1,710 | 7.8% | -1.9% | $52,298 |
| 4BR | $171,285 | $2,000 | 8.4% | -2.4% | $42,821 |
| 5BR | $202,548 | — | — | — | $40,510 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 70117 Compare?
| Metric | 70117 | New Orleans | New Orleans-Metairie, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $174,944 | $235,818 | N/A | $207,909 |
| 5-Year CAGR | N/A | N/A | N/A | 0.7% |
| Avg Rent | $1,472 | $1,575 | N/A | - |
| Cap Rate | 6.6% | 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 70117 (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 | $174,944 |
| Monthly Rent | $1,472 |
| Price-to-Rent | 9.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.1% |
| Cap Rate | 6.6% |
| 5-Year IRR | 3.4% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | -3.9% ▼ |
| 5-Year CAGR | -3.2% ▼ |
| 10-Year CAGR | +1.8% ▲ |
🏠 Rent Trends
| 1-Year | -5.3% ▼ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +2.8% ▲ |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.6%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 70117
Population: 26,250
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 70117
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Homer Plessy Community School
Harriet Tubman Charter School
New Orleans Charter Science and Mathematics HS
Arabi Elementary School
Dorothy Height Charter 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
Investor Insight: With 555 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in New Orleans, LA?
In New Orleans, LA the median home value sits at $175K. Against the broader LA market, that reads as reasonable for most investors.
Are tenants stable in New Orleans, LA?
New Orleans, LA draws a stable base of working renters. Demand at the $1,472/mo rent level is reasonable for standard single-family and small multi rentals.
Does house hacking make sense in New Orleans, LA?
House hacking in New Orleans, LA is reasonable to execute. Prices around $175K and rents of $1,472/mo solid owner-occupant economics.
How much rent can I charge in New Orleans, LA?
Rents in New Orleans, LA run near $1,472/mo. Compared with median home prices of $175K that produces solid gross yields for typical rentals.
What kind of vacancy should I budget for in New Orleans, LA?
Occupancy in New Orleans, LA runs reliable with elevated vacancy. Well-priced units at $1,472/mo lease on reasonable timelines.
You know 70117 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 70117 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 70117 ranks in New Orleans-Metairie, LA
Every ZIP in this metro, ranked. Free.
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