The story of this market
The typical home in ZIP 70117 sells for about $279,000, or $215 per square foot.
Prices are up +40.2% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,269 a month.
ZIP 70117 — New Orleans
The 70117 housing market is currently experiencing moderate price growth despite low competitiveness, driven by a mix of historic demand and significant environmental constraints. High insurance costs and flood risks continue to temper buyer enthusiasm, resulting in a balanced but slow-moving market.
This ZIP code is best suited for investors and buyers seeking historic character and proximity to the cultural core of New Orleans, though it requires a high tolerance for flood risk and neighborhood volatility.
Median prices moved up 40.2% year over year.
Homes spend a median of 68 days on market with 7.9 months of supply — a balanced-paced market.
18% 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 9.9% · poverty 25.8% — a mixed stability 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 4.7%/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 3.9%/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 70117, 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 70117 ZIP code remain significantly higher than the national average, with property and violent crime trends consistently elevated compared to broader regional benchmarks.
Public schools serving the area generally receive low performance ratings, with many institutions facing significant challenges in meeting state academic proficiency standards.
The area faces high exposure to flood risks due to its low-lying topography and proximity to the Mississippi River, necessitating mandatory flood insurance for many properties.
Economic momentum is driven by tourism, port-related logistics, and ongoing historic preservation efforts, though large-scale industrial development remains limited within the residential core.
Property taxes are assessed by Orleans Parish based on a 10% assessment ratio for residential property, with millage rates set by local taxing authorities and subject to homestead exemptions.
Residents typically face a 20-30 minute commute to the New Orleans central business district, with access primarily via St. Claude Avenue and I-10.
The area features access to the Mississippi River levee trails, Crescent Park, and various historic neighborhood parks, alongside local dining and cultural venues in the Bywater and Marigny districts.
The rental market is characterized by high demand for historic housing stock, with significant pressure from short-term rental conversions impacting long-term housing availability.
The local economy is heavily reliant on the tourism, hospitality, and maritime logistics sectors, with significant employment hubs located in the nearby downtown New Orleans area.
Public transit is provided by the New Orleans Regional Transit Authority (RTA) via bus lines, though the area remains heavily car-dependent for regional travel.
Development is primarily focused on infill projects and the rehabilitation of historic structures, with strict zoning regulations in place for historic districts.
The Orleans Parish Assessor's Office manages property valuations, utilizing a mass appraisal system that is updated periodically to reflect market changes.
Parcels are subject to various special districts including the Orleans Levee District and local neighborhood improvement districts.
Property insurance premiums are high due to significant hurricane and flood exposure, with many residents relying on the National Flood Insurance Program.
Louisiana is a judicial foreclosure state, requiring court intervention to complete the foreclosure process.
Sellers are required to provide a residential property disclosure form detailing known defects and the condition of the property.
Data retrieved from data.census.gov ZCTA-level tables.
- Dave & Buster's New Orleans3.72.9 mi
- Sky Zone Trampoline Park4.19.4 mi
- Game On Social Hub4.512.3 mi
- K1 Speed New Orleans4.68.9 mi
- Storyland4.54.1 mi
- Caesars Superdome4.63.1 mi
- New Orleans Ernest N. Morial Convention Center4.52.5 mi
- Smoothie King Center4.63.2 mi
- Preservation Hall4.72.1 mi
- The Sazerac House4.92.4 mi
- The National WWII Museum4.82.9 mi
- French Market4.51.7 mi
- Audubon Aquarium4.42.2 mi
- Audubon Zoo4.56.7 mi
- Jackson Square4.72 mi
- The National WWII Museum4.82.9 mi
- Jackson Square4.72 mi
- Napoleon House4.62.1 mi
- New Orleans Museum of Art4.73.9 mi
- The Sazerac House4.92.4 mi
- Jackson Square4.72 mi
- New Orleans City Park4.84.3 mi
- Louis Armstrong Park4.52.1 mi
- Audubon Park4.76.5 mi
- Lafreniere Park4.711.1 mi
- New Orleans RV Resort & Marina4.24 mi
- Mid City Yacht Club4.54.6 mi
- Southern Yacht Club4.56.4 mi
- Seabrook Harbor & Marine4.53.8 mi
- Eddie Pinto's Marina & Seafood4.45.7 mi
- TPC Louisiana4.610.4 mi
- Bayou Oaks At City Park44.7 mi
- Golf Club at Audubon Park4.46.3 mi
- Loft18 Metairie4.57.4 mi
- Stonebridge Golf Club of New Orleans4.37.5 mi
- Lakeside Shopping Center4.47.9 mi
- French Market4.51.7 mi
- Riverwalk Outlets4.42.4 mi
- Rouses Market4.52.9 mi
- Ross Dress for Less4.24.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A 20-acre urban park along the Mississippi River offering skyline views and walking paths.
Known for its vibrant street art, historic architecture, and eclectic dining scene.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.