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New Orleans city, LA

ZIP 70112 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 70112

Median Home Value
$398,400
Median Rent
$945
Affordability Snapshot
$110,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,559/mo PITI).

49%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

17.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

35.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 70112 in New Orleans city, LA, a household would need roughly $110,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,559. That is about 377% above the local median household income ($23,052), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 35% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
9.7%-85% vs US avg
x
Vacancy Rate
35.5%+244% vs US avg
x
Broadband Access
83.7%-4% vs US avg
x
4+ Bedrooms
0.4%-97% vs US avg
x
Built Pre-1939
5.8%-55% vs US avg
x
Built Post-2014
3.1%-55% vs US avg
x
Rent Burden >30%
38.3%-23% vs US avg
x
Mortgage-Free
76.4%+100% vs US avg
x
$398,400
Home Value
$945
Rent
1944
Year Built
N/A
Moved In
Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached7.4%
  • 1-unit attached0.6%
  • 2-9 units23.4%
  • 10+ units67.9%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$398,400
Median rent$945
Owner-occupied9.7%
Vacant35.5%
Price-to-income17.3x
Est. income to buy$110,000