The story of this market
The typical home in ZIP 70115 sells for about $799,000, or $315 per square foot.
Prices are up +1.1% from a year ago, so sellers still have some momentum. Homes take about 47 days to sell. HUD's fair market rent for a two-bedroom is $2,150 a month.
ZIP 70115 — New Orleans
The 70115 housing market remains resilient with a median home value of $525,936, reflecting a 1.1% year-over-year increase. While inventory is sufficient at 4.2 months of supply, the market is characterized by high demand for historic properties in the Uptown area, keeping prices stable despite broader city-wide fluctuations.
This ZIP is ideal for affluent families, academics, and medical professionals who value historic architecture, walkability, and proximity to the city's premier cultural and educational institutions.
Median prices moved up 1.1% year over year.
Homes spend a median of 47 days on market with 4.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 12.5% — a stable, low-distress profile.
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 2.7%/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 3.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 70115, 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 Uptown/Garden District area (70115) are generally lower than the city-wide average for New Orleans, though property crime remains a concern common to the urban core.
The area is served by a mix of highly-rated selective-admissions public schools and private institutions, with many families opting for the competitive New Orleans public school enrollment process.
The ZIP code is located in a low-lying area of New Orleans, making flood insurance and elevation compliance critical factors for property owners and insurance premiums.
Economic momentum is driven by the proximity to Tulane and Loyola Universities, the Ochsner Health system, and ongoing revitalization of historic commercial corridors like Magazine Street.
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 enjoy a central location with easy access to the St. Charles streetcar line and major thoroughfares like Napoleon Avenue, providing efficient transit to the Central Business District.
The ZIP features extensive access to Audubon Park, the Mississippi River levee trails, and the vibrant shopping and dining districts along Magazine Street and Prytania Street.
The rental market is highly active due to the student population and proximity to major medical centers, with a significant presence of short-term rentals in historic zones.
The economy is anchored by higher education (Tulane, Loyola) and the healthcare sector, with a strong secondary focus on tourism and hospitality.
The area is well-served by the RTA streetcar and bus network, with high walkability scores in the commercial corridors.
Development is strictly regulated by the Historic District Landmarks Commission to maintain the architectural integrity of the neighborhood.
The Orleans Parish Assessor's Office manages assessments, with properties typically reassessed on a four-year cycle.
Parcels are subject to city-wide millage rates and specific levee district taxes for flood protection.
Property insurance premiums are high due to hurricane risk, with many properties requiring flood insurance through the NFIP.
Louisiana is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a residential property disclosure form detailing the condition of the property.
Data retrieved from data.census.gov ZCTA 70115 profile.
- Dave & Buster's New Orleans3.72.7 mi
- Sky Zone Trampoline Park4.15.3 mi
- Game On Social Hub4.59.5 mi
- K1 Speed New Orleans4.65.4 mi
- Storyland4.54.5 mi
- Caesars Superdome4.62.6 mi
- New Orleans Ernest N. Morial Convention Center4.53 mi
- Smoothie King Center4.62.4 mi
- Preservation Hall4.73.6 mi
- The Sazerac House4.93.2 mi
- The National WWII Museum4.82.6 mi
- French Market4.53.9 mi
- Audubon Aquarium4.43.3 mi
- Audubon Zoo4.51.4 mi
- Jackson Square4.73.6 mi
- The National WWII Museum4.82.6 mi
- Jackson Square4.73.6 mi
- Napoleon House4.63.5 mi
- New Orleans Museum of Art4.74.5 mi
- The Sazerac House4.93.2 mi
- Jackson Square4.73.6 mi
- New Orleans City Park4.85.7 mi
- Louis Armstrong Park4.53.7 mi
- Audubon Park4.71.3 mi
- Lafreniere Park4.78.3 mi
- Mid City Yacht Club4.53.7 mi
- Southern Yacht Club4.57.3 mi
- Bucktown Marina4.67 mi
- Orleans Marina4.66.9 mi
- Coastal Cargo Company LLC3.91.1 mi
- TPC Louisiana4.65.1 mi
- Bayou Oaks At City Park46.5 mi
- Golf Club at Audubon Park4.41.3 mi
- Chateau Golf & Country Club4.511.4 mi
- Loft18 Metairie4.54.8 mi
- Lakeside Shopping Center4.46.6 mi
- French Market4.53.9 mi
- Riverwalk Outlets4.43.1 mi
- Rouses Market4.52.7 mi
- Ross Dress for Less4.21.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A massive 350-acre park featuring walking paths, a golf course, and the Audubon Zoo.
A six-mile corridor of boutiques, art galleries, and restaurants.
Famous for its historic mansions and the iconic streetcar line.
Key-figure check: median price diverges 34.2% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $525,936 (34.2% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $525,936 (-34.2% vs the published ten-year series (2025)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.