The story of this market
The typical home in ZIP 70113 sells for about $449,000, or $259 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,600 a month.
ZIP 70113 — New Orleans
The 70113 housing market remains stable with a median listing price of $449,000, reflecting a mix of historic property values and urban demand. Market activity is characterized by moderate inventory levels and a reliance on renovation-focused buyers. Figures for specific metrics like active inventory and price cuts are estimated based on local market trends as precise ZIP-level data is limited.
This ZIP is best suited for investors looking for renovation opportunities and budget-conscious renters who prioritize proximity to the city center over suburban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 65 days on market with 8.5 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.5% · poverty 35.0% — elevated distress and economic pressure.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 70113, Orleans Parish, LA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Central City neighborhood remain significantly higher than the national average, with property and violent crime being primary concerns for residents.
Public schools serving the area generally receive low performance ratings, with many families opting for charter or private school alternatives within the city.
The area is at high risk for flooding due to its low elevation and proximity to the Mississippi River, necessitating mandatory flood insurance for most properties.
Economic momentum is driven by urban infill projects and the revitalization of historic corridors, though large-scale corporate development remains limited within the ZIP boundaries.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Louisiana) — Ad Valorem Property Tax Assessment: Property is assessed at 10% of its fair market value. The tax liability is calculated by applying the local millage rate to the assessed value. A homestead exemption of $75,000 of the assessed value is available for owner-occupied primary residences.
Residents have a short commute to the New Orleans Central Business District, with most trips taking under 20 minutes via car or public transit.
The area features proximity to local parks and community centers, with easy access to the shopping and dining districts of the nearby Garden District and downtown.
The rental market is characterized by high demand for affordable units, with a significant presence of long-term rentals and some short-term rental activity.
The local economy is heavily reliant on tourism, healthcare, and education sectors centered in the broader New Orleans metro area.
The area is served by the New Orleans Regional Transit Authority (RTA) bus lines, providing connectivity to the downtown employment core.
Development is largely restricted to small-scale infill and historic preservation projects due to the dense, established nature of the neighborhood.
The Orleans Parish Assessor's Office manages property valuations, with assessments updated periodically to reflect market changes.
Parcels are subject to city-wide millage rates and specific assessments for local flood control and drainage infrastructure.
Property insurance premiums are high due to significant wind and flood risk, with many properties requiring coverage through the Louisiana Citizens Property Insurance Corporation.
Data retrieved from data.census.gov ZCTA 70113 profiles.
- Dave & Buster's New Orleans3.70.7 mi
- Sky Zone Trampoline Park4.16.4 mi
- Game On Social Hub4.510.1 mi
- K1 Speed New Orleans4.66.2 mi
- Storyland4.53.2 mi
- Caesars Superdome4.60.6 mi
- New Orleans Ernest N. Morial Convention Center4.51.1 mi
- Smoothie King Center4.60.5 mi
- Preservation Hall4.71.5 mi
- The Sazerac House4.91.1 mi
- The National WWII Museum4.80.7 mi
- French Market4.51.8 mi
- Audubon Aquarium4.41.3 mi
- Audubon Zoo4.53.2 mi
- Jackson Square4.71.5 mi
- The National WWII Museum4.80.7 mi
- Jackson Square4.71.5 mi
- Napoleon House4.61.4 mi
- New Orleans Museum of Art4.73.1 mi
- The Sazerac House4.91.1 mi
- Jackson Square4.71.5 mi
- New Orleans City Park4.84.3 mi
- Louis Armstrong Park4.51.7 mi
- Audubon Park4.73 mi
- Lafreniere Park4.78.9 mi
- New Orleans RV Resort & Marina4.26.4 mi
- Mid City Yacht Club4.52.8 mi
- Southern Yacht Club4.56.2 mi
- Seabrook Harbor & Marine4.56.3 mi
- Bucktown Marina4.66.1 mi
- TPC Louisiana4.67 mi
- Bayou Oaks At City Park45 mi
- Golf Club at Audubon Park4.42.9 mi
- Chateau Golf & Country Club4.511.9 mi
- Loft18 Metairie4.55 mi
- Lakeside Shopping Center4.46.3 mi
- French Market4.51.8 mi
- Riverwalk Outlets4.41.2 mi
- Rouses Market4.50.6 mi
- Ross Dress for Less4.20.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community green space.
Historic corridor with local businesses and cultural venues.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).