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

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in New Orleans is $112, which is higher than the New Orleans Metro average of $106. The median price of homes currently listed in New Orleans is $175,000 while the median price of homes that sold is $230,200.

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 7.9%, which is higher than the national value of 6.9%. 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 10.9%, which is lower than New Orleans Metro at 12.5%.

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Relative ZHVI
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New Orleans Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $175,000 Median listing price
  • $230,200 Median sale price
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New Orleans Market Health

Data through Aug 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 10.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Neighborhoods in New Orleans

Name Median ZHVI
Old Aurora $156,800
Read Blvd. East $148,000
Little Woods $137,400
Name Median ZHVI
Gentilly Woods $128,100
Read Blvd. West $123,500
Holy Cross $116,800

Listings & Sales

Data through Aug 31, 2014
  • $112 Median list price / sq ft
  • $173 Median sale price / sq ft
  • 30.4% Listings with price cut
12.4%
Sold below listing
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New Orleans Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,467 New Orleans Metro
    $1,328 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
  • No data Rent list price
  • $1.40 Rent list price / sq ft
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