ZIP Code 70124 — New Orleans city, LA Demographics & Data

ZIP code 70124 covers New Orleans, LA in Orleans Parish with a population of about 20,840.

At a glance, the area shows median age of 39.1 (near the U.S. median).

It sits in telephone area code 504; U.S. House district LA-1; the NEW ORLEANS media market.

New Orleans, LA sits in a university / college context (near delgado community college (1.5 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 70124 is about $121,318 — about 61% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 6.5%; unemployment rate near 4.3%; 70.0% of adults with a bachelor’s degree or higher (about 36.3 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Professional services, and Education; about 17.6% of workers reporting work-from-home (about 2.4 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $577,800 — about 66% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,528 (about 31% above the U.S. median rent ($1,163)), and owner-occupancy near 76.3% (about 10.9 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 70124 in New Orleans, LA, a household would need roughly $159,000 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 $3,712. That is about 31% above the local median household income ($121,318), 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.

Climate normals for New Orleans city, LA show little to no average snow and around 60.1 inches of annual precipitation.

IRS migration statistics show a net inflow of about 825 for ZIP 70124 (New Orleans city, LA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.