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 $115, which is higher than the New Orleans Metro average of $106. The median price of homes currently listed in New Orleans is $174,000 while the median price of homes that sold is $180,222. The median rent price in New Orleans is $1,500, which is higher than the New Orleans Metro median of $1,300.

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 Oct 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $174,000 Median listing price
  • $180,222 Median sale price
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New Orleans Market Health

Data through Oct 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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US Metro Areas

Name Median ZHVI
Los Angeles Metro $530,400
New York Metro $381,600
Washington Metro $361,100
Name Median ZHVI
Miami-Fort Lauderdale Metro $206,000
Philadelphia Metro $202,900
Chicago Metro $188,400
Name Median ZHVI
Atlanta Metro $152,900
Houston Metro $151,200
Dallas-Fort Worth Metro $149,300

Listings & Sales

Data through Oct 31, 2014
  • $115 Median list price / sq ft
  • $170 Median sale price / sq ft (Sep 30, 2014)
  • 34.0% Listings with price cut
12.1%
Sold below listing
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New Orleans Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,459 New Orleans Metro
    $1,337 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
  • $1.37 Rent list price / sq ft
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