Home Values

New Orleans Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$162,800

  • -2.0% 1-year change
  • 2.5% 1-year forecast

The median home value in New Orleans is $162,800. New Orleans home values have declined -2.0% over the past year and Zillow predicts they will rise 2.5% within the next year. The median list price per square foot in New Orleans is None. The median rent price in New Orleans is $1,500, which is higher than the New Orleans Metro median of $1,350.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in New Orleans is 7.0%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of New Orleans homeowners underwater on their mortgage is 14.6%, which is lower than New Orleans Metro at 15.6%.

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Relative ZHVI
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New Orleans Market Overview

Data through May 31, 2015
  • $162,800 ZHVI
  • 2.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $234,754 Median sale price
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New Orleans Market Health

Data through May 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 14.6% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 7.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Neighborhoods in New Orleans

Name Median ZHVI
Old Aurora $173,000
Little Woods $131,600
Read Blvd. West $121,200

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $124 Median sale price / sq ft
  • No data Listings with price cut
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New Orleans Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,420 New Orleans Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,500 Rent list price
  • No data Rent list price / sq ft
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