Real Estate Investing in New Orleans, Louisiana (70119)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 70119 (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: 20.3% of homes vacant — above national norms.
- Declining values: -3.2% 5-year CAGR — values have moved lower.
What’s happening in New Orleans, LA (70119)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 70119 New Orleans
The 70119 ZIP covers a section of New Orleans that demands careful diligence. Prices near $296K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 70119 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within LA, ZIP 70119 trails on several market indicators that neighboring Orleans Parish submarkets outperform. The gap is real and robust enough to shape underwriting.
Resident income in 70119 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in New Orleans:
Property Strategy for 70119
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $224,991 | $1,260 | 4.0% | -2.9% | $224,991 |
| 2BR | $254,143 | $1,510 | 4.3% | -2.2% | $127,072 |
| 3BR | $309,883 | $1,920 | 4.5% | -0.8% | $103,294 |
| 4BR | $299,982 | $2,280 | 5.5% | -0.2% | $74,995 |
| 5BR | $347,411 | — | — | — | $69,482 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 70119 Compare?
| Metric | 70119 | New Orleans | New Orleans-Metairie, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $296,140 | $235,818 | N/A | $207,909 |
| 5-Year CAGR | N/A | N/A | N/A | 0.7% |
| Avg Rent | $1,570 | $1,575 | N/A | - |
| Cap Rate | 4.1% | 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 70119 (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 | $296,140 |
| Monthly Rent | $1,570 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 0.9% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | -5.0% ▼ |
| 5-Year CAGR | -3.2% ▼ |
| 10-Year CAGR | +1.0% ▲ |
🏠 Rent Trends
| 1-Year | -2.1% ▼ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +2.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 70119
Population: 36,167
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 70119
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Mary Bethune Elementary Literature/Technology
ReNEW Laurel Elementary
Foundation Preparatory Academy
McDonogh 35 Senior High School
KIPP Believe
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 7,447 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are vacancy rates like in New Orleans, LA?
Rental vacancy in New Orleans, LA is elevated. Investors should budget normal turnover but not chronic empty units.
What are rental rates like in New Orleans, LA?
Expect rents around $1,570/mo per month in New Orleans, LA. With home values at $296K, the yield math works out to reasonable levels for rental investors.
What is the median home value in New Orleans, LA?
The median home value in New Orleans, LA is roughly $296K. That puts it reasonable relative to the LA statewide average.
Is New Orleans, LA a friendly market for rental owners?
Landlord-friendliness in New Orleans, LA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What kind of market is New Orleans, LA for investors?
The 3.0/5 investability rating in New Orleans, LA reflects its $296K prices and $1,570/mo rents. Investors generally consider it a solid option within LA.
You know 70119 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 70119 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 70119 ranks in New Orleans-Metairie, LA
Every ZIP in this metro, ranked. Free.
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