US5.com
  1. Home
  2. States
  3. Louisiana
  4. ZIP 70117
  5. Housing & Real Estate
New Orleans city, LA

ZIP 70117 — 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 70117

Median Home Value
$247,600
Median Rent
$964
Affordability Snapshot
$68,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,591/mo PITI).

28%
Rent-to-Income Ratio

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

5.9x
Home Price-to-Income Ratio

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

21.4 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 70117 in New Orleans city, LA, a household would need roughly $68,000 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 $1,591. That is about 63% above the local median household income ($41,645), 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 25% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
47.5%-27% vs US avg
x
Vacancy Rate
24.9%+142% vs US avg
x
Broadband Access
82.4%-5% vs US avg
x
4+ Bedrooms
1.1%-92% vs US avg
x
Built Pre-1939
6.9%-46% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
35.7%-28% vs US avg
x
Mortgage-Free
44.9%+18% vs US avg
x
$247,600
Home Value
$964
Rent
1949
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 detached48.5%
  • 1-unit attached17.4%
  • 2-9 units28.3%
  • 10+ units5.0%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$247,600
Median rent$964
Owner-occupied47.5%
Vacant24.9%
Price-to-income5.9x
Est. income to buy$68,000