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New Orleans city, LA

ZIP 70119 — Housing & Real Estate

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

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 70119

Median Home Value
$359,300
Median Rent
$1,105
Affordability Snapshot
$99,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,308/mo PITI).

26%
Rent-to-Income Ratio

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

7.1x
Home Price-to-Income Ratio

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

27.1 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 70119 in New Orleans city, LA, a household would need roughly $99,000 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 $2,308. That is about 95% above the local median household income ($50,854), 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 19% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
38.3%-41% vs US avg
x
Vacancy Rate
19.3%+87% vs US avg
x
Broadband Access
80.0%-8% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
11.9%-7% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
30.2%-39% vs US avg
x
Mortgage-Free
45.5%+19% vs US avg
x
$359,300
Home Value
$1,105
Rent
1942
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached29.9%
  • 1-unit attached14.9%
  • 2-9 units39.3%
  • 10+ units15.7%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$359,300
Median rent$1,105
Owner-occupied38.3%
Vacant19.3%
Price-to-income7.1x
Est. income to buy$99,000