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New Orleans city, LA

ZIP 70114 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 70114

Median Home Value
$194,100
Median Rent
$900
Affordability Snapshot
$53,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,247/mo PITI).

26%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.7x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

18.0 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 70114 in New Orleans city, LA, a household would need roughly $53,000 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 $1,247. That is about 28% above the local median household income ($41,435), 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 21% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
43.8%-33% vs US avg
x
Vacancy Rate
21.1%+105% vs US avg
x
Broadband Access
68.3%-21% vs US avg
x
4+ Bedrooms
1.3%-91% vs US avg
x
Built Pre-1939
7.3%-43% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
40.2%-19% vs US avg
x
Mortgage-Free
44.4%+16% vs US avg
x
$194,100
Home Value
$900
Rent
1966
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached49.9%
  • 1-unit attached7.6%
  • 2-9 units24.1%
  • 10+ units17.9%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$194,100
Median rent$900
Owner-occupied43.8%
Vacant21.1%
Price-to-income4.7x
Est. income to buy$53,000