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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

$237,225

  • 2.2% 1-year change
  • -2.7% 1-year forecast

Market temperature 

The market temperature is based on three metrics: the list-to-sale price ratio, the prevalence of price cuts on home listings, and time-on-market. It provides information on the current balance of bargaining power between buyers and sellers in this region relative to that balance historically, enabling buyers and sellers to see trends in their local housing market temperature. Learn more

Warm
Buyers' Market
Sellers' Market

The median home value in New Orleans is $237,225. New Orleans home values have gone up 2.2% over the past year and Zillow predicts they will fall -2.7% within the next year. The median list price per square foot in New Orleans is $213, which is higher than the New Orleans-Metairie Metro average of $143. The median price of homes currently listed in New Orleans is $299,900 while the median price of homes that sold is $249,000. The median rent price in New Orleans is $1,600, which is higher than the New Orleans-Metairie Metro median of $1,450.

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 2.2%, which is higher than the national value of 1.1%. 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 13.6%, which is higher than New Orleans-Metairie Metro at 11.8%.

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Relative ZHVI
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New Orleans Market Overview

Data through Mar 31, 2020
  • $237,225 ZHVI

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

  • -2.7% 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
    (Mar 31, 2021)
  • No recent data Median listing price
  • $249,000 Median sale price
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New Orleans Market Health

Data through Feb 29, 2020
  • 103 Average days on Zillow
  • 13.6% Homes with negative equity (8.2% US Avg) (Jun 30, 2018)
  • 2.2% Delinquent on mortgage (1.1% US Avg) (Jun 30, 2018)
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Neighborhoods in New Orleans

Name Median ZHVI
Read Blvd. East $142,700
Little Woods $136,000
Pontchartrain Park $131,200
Name Median ZHVI
Gentilly Woods $125,000
Read Blvd. West $124,400
New Aurora-English Turn $122,900
Name Median ZHVI
West Lake Forest $117,000
Holy Cross $109,800
Plum Orchard $109,700

Listings & Sales

  • No data
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New Orleans Rentals

Data through Mar 31, 2018
  • 2.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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