Real Estate Investing in New Orleans, Louisiana (70122)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 70122 (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: 12.7% of homes vacant — above national norms.
- Declining values: -2.8% 5-year CAGR — values have moved lower.
What’s happening in New Orleans, LA (70122)?
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Market Analysis: 70122 New Orleans
ZIP 70122 in New Orleans, LA carries a resilient set of headwinds. Home values near $220K and rents of $1,558/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 70122 can be a a strong candidate for hunting ground — but the discount at $220K reflects genuine risk that outside investors often underestimate.
In the broader LA picture, 70122 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 70122 ZIP's population of 35,318 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Experienced landlords with local relationships tend to find 70122 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in New Orleans:
Property Strategy for 70122
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $162,907 | $1,380 | 6.1% | -0.8% | $81,453 |
| 3BR | $223,916 | $1,750 | 5.6% | -0.3% | $74,639 |
| 4BR | $256,515 | $2,090 | 5.9% | +0.7% | $64,129 |
| 5BR | $271,454 | — | — | +0.9% | $54,291 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 70122 Compare?
| Metric | 70122 | New Orleans | New Orleans-Metairie, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $219,561 | $235,818 | N/A | $207,909 |
| 5-Year CAGR | N/A | N/A | N/A | 0.7% |
| Avg Rent | $1,558 | $1,575 | N/A | - |
| Cap Rate | 5.5% | 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 70122 (New Orleans, LA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 70122 (New Orleans, LA)?
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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 | $219,561 |
| Monthly Rent | $1,558 |
| Price-to-Rent | 11.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 2.8% |
📈 Home Appreciation
| 1-Year | +0.1% ▲ |
| 3-Year CAGR | -4.1% ▼ |
| 5-Year CAGR | -2.8% ▼ |
| 10-Year CAGR | +1.8% ▲ |
🏠 Rent Trends
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.5%). 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 70122
Population: 35,318
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 70122
Schools in This ZIP Code
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 8,945 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the smart move for investors in New Orleans, LA?
Most investors in New Orleans, LA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Are rents high in New Orleans, LA?
New Orleans, LA rentals go for roughly $1,558/mo a month. That puts gross yield in solid territory relative to $220K acquisition costs.
How qualified is the tenant pool in New Orleans, LA?
The tenant pool in New Orleans, LA is solid, supported by local employment and population fundamentals. Rents of $1,558/mo are well-absorbed by the market.
Do rentals sit vacant long in New Orleans, LA?
Expect elevated vacancy in New Orleans, LA. Rents at $1,558/mo are absorbed by the tenant base without meaningful lag.
Does house hacking work in New Orleans, LA?
House hacking works a challenging in New Orleans, LA. Rents of $1,558/mo against $220K acquisition make the strategy solid for owner-occupants.
You know 70122 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 70122 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 70122 ranks in New Orleans-Metairie, LA
Every ZIP in this metro, ranked. Free.
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