Real Estate Investing in New Orleans, Louisiana (70112)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 70112 (New Orleans, LA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 35.2% of homes vacant — above national norms.
- Declining values: -3.4% 5-year CAGR — values have moved lower.
- Elevated poverty: 36.9% poverty rate — can affect rent collection.
- Lower household income: $31,250 median — tenant affordability is tighter.
What’s happening in New Orleans, LA (70112)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 70112 New Orleans
This part of Orleans Parish is not an easy win. The 70112 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,617/mo on a $331K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 70112 sits below the stated 0.0% once reality is priced in.
The gap between 70112 and stronger New Orleans ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 70112 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at New Orleans's stable or hybrid ZIPs before stepping into 70112. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in New Orleans:
Property Strategy for 70112
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $260,128 | $1,120 | 3.1% | — | $260,128 |
| 2BR | $386,919 | $1,340 | 2.5% | -2.4% | $193,460 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 70112 Compare?
| Metric | 70112 | New Orleans | New Orleans-Metairie, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $331,109 | $235,818 | N/A | $207,909 |
| 5-Year CAGR | N/A | N/A | N/A | 0.7% |
| Avg Rent | $1,617 | $1,575 | N/A | - |
| Cap Rate | 3.8% | 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 70112 (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 | $331,109 |
| Monthly Rent | $1,617 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 0.4% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | -4.6% ▼ |
| 5-Year CAGR | -3.4% ▼ |
| 10-Year CAGR | -2.4% ▼ |
🏠 Rent Trends
| 1-Year | -8.9% ▼ |
| 3-Year CAGR | -3.4% ▼ |
| 5-Year CAGR | -0.7% ▼ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 70112
Population: 3,646
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 70112
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
New Orleans Center for Creative Arts
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
Is New Orleans, LA a good place for real estate investing?
The 2.0/5 investability rating in New Orleans, LA reflects its $331K prices and $1,617/mo rents. Investors generally consider it a solid option within LA.
Is the tenant base reliable in New Orleans, LA?
New Orleans, LA offers a consistent renter base at the $1,617/mo rent level. Tenant turnover is reasonable for well-managed properties.
What strategy should investors use in New Orleans, LA?
In New Orleans, LA the durable play is typically careful cash-flow rentals with hands-on management. The combination of $331K prices and $1,617/mo rents suits that approach.
What kind of vacancy should I budget for in New Orleans, LA?
Expect elevated vacancy in New Orleans, LA. Rents at $1,617/mo are absorbed by the tenant base without meaningful lag.
Does house hacking make sense in New Orleans, LA?
For house hackers, New Orleans, LA is a challenging. The $1,617/mo rent on a unit helps defray the mortgage on a $331K property.
You know 70112 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 70112 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 70112 ranks in New Orleans-Metairie, LA
Every ZIP in this metro, ranked. Free.
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