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New Orleans city, LA

ZIP 70126 — 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 70126

Median Home Value
$187,300
Median Rent
$902
Affordability Snapshot
$52,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,203/mo PITI).

28%
Rent-to-Income Ratio

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

4.9x
Home Price-to-Income Ratio

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

17.3 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 70126 in New Orleans city, LA, a household would need roughly $52,000 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 $1,203. That is about 36% above the local median household income ($38,229), 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 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
50.2%-23% vs US avg
x
Vacancy Rate
16.9%+64% vs US avg
x
Broadband Access
78.3%-10% vs US avg
x
4+ Bedrooms
1.4%-91% vs US avg
x
Built Pre-1939
2.8%-78% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
40.0%-19% vs US avg
x
Mortgage-Free
54.0%+41% vs US avg
x
$187,300
Home Value
$902
Rent
1974
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached62.5%
  • 1-unit attached10.3%
  • 2-9 units12.6%
  • 10+ units13.6%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$187,300
Median rent$902
Owner-occupied50.2%
Vacant16.9%
Price-to-income4.9x
Est. income to buy$52,000