The story of this market
The typical home in ZIP 70122 sells for about $282,000, or $145 per square foot.
Prices are roughly flat from a year ago (+0.83%), a market in balance. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,566 a month.
ZIP 70122 — New Orleans
The 70122 housing market is currently characterized by a median price of $223,000 and a high vacancy rate of 12.7%. Market conditions remain challenging due to insurance costs and flood risk, leading to a cautious outlook for investors and buyers. Sales volume is moderate, and the market is currently balanced between buyers and sellers.
This ZIP is best suited for budget-conscious family buyers and long-term investors who are comfortable navigating the risks associated with flood zones and older housing stock in exchange for lower entry prices.
Median prices moved up 0.8% year over year.
Homes spend a median of 82 days on market with 6.5 months of supply — a balanced-paced market.
19% of listings have cut prices · homes sell at 96.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 18.4% — 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 2.1%/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 3.5%/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 70122, 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 70122 area remain a significant concern, with reported incidents of property and violent crime consistently higher than the national average and regional benchmarks.
Public schools serving the area are primarily managed by the NOLA Public Schools district, with performance ratings varying significantly across individual campuses.
The area faces significant flood risk due to its low elevation and proximity to Lake Pontchartrain, necessitating mandatory flood insurance for many properties and impacting overall insurance affordability.
Economic momentum is driven by proximity to the University of New Orleans and Southern University at New Orleans, though large-scale commercial development remains limited compared to the city core.
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 typically commute via I-610 or I-10 to reach the New Orleans central business district, with average commute times reflecting typical urban traffic patterns.
The area features access to the New Orleans Lakefront, including parks and walking paths along the seawall, alongside local neighborhood parks and proximity to the University of New Orleans recreational facilities.
The rental market is characterized by high vacancy rates and a significant presence of long-term rental properties, with limited short-term rental growth due to strict municipal zoning regulations.
The local economy is anchored by higher education institutions and proximity to the New Orleans medical and tourism sectors.
The area is served by major highway corridors including I-10 and I-610, with limited public transit connectivity to the downtown core.
Development is largely restricted to infill projects and residential renovations due to land constraints and flood mitigation requirements.
The Orleans Parish Assessor's Office manages assessments, with properties reassessed on a four-year cycle.
Parcels are subject to Orleans Parish school and municipal tax districts, with specific flood control levies managed by the Southeast Louisiana Flood Protection Authority.
Property insurance premiums are high and volatile due to hurricane exposure and flood risk, with many owners relying on the National Flood Insurance Program.
Louisiana is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure document detailing known defects and conditions of the home.
Data retrieved from data.census.gov ZCTA 70122 profile.
- Dave & Buster's New Orleans3.74.1 mi
- Sky Zone Trampoline Park4.18.4 mi
- Game On Social Hub4.510.1 mi
- K1 Speed New Orleans4.67.5 mi
- Storyland4.52.4 mi
- Caesars Superdome4.64.1 mi
- New Orleans Ernest N. Morial Convention Center4.54.5 mi
- Smoothie King Center4.64.2 mi
- Preservation Hall4.73.5 mi
- The Sazerac House4.93.9 mi
- The National WWII Museum4.84.5 mi
- French Market4.53.4 mi
- Audubon Aquarium4.44 mi
- Audubon Zoo4.57.1 mi
- Jackson Square4.73.5 mi
- The National WWII Museum4.84.5 mi
- Jackson Square4.73.5 mi
- Napoleon House4.63.7 mi
- New Orleans Museum of Art4.72.3 mi
- The Sazerac House4.93.9 mi
- Jackson Square4.73.5 mi
- New Orleans City Park4.81.7 mi
- Louis Armstrong Park4.53.2 mi
- Audubon Park4.76.9 mi
- Lafreniere Park4.79 mi
- New Orleans RV Resort & Marina4.22.2 mi
- Mid City Yacht Club4.53.5 mi
- Southern Yacht Club4.53.2 mi
- Seabrook Harbor & Marine4.52.2 mi
- Eddie Pinto's Marina & Seafood4.47.5 mi
- TPC Louisiana4.610.4 mi
- Bayou Oaks At City Park41.6 mi
- Golf Club at Audubon Park4.46.7 mi
- Chateau Golf & Country Club4.511.4 mi
- Loft18 Metairie4.55.8 mi
- Lakeside Shopping Center4.45.5 mi
- French Market4.53.4 mi
- Riverwalk Outlets4.44.4 mi
- Rouses Market4.54.2 mi
- Ross Dress for Less4.25 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive green space and walking paths along the Lake Pontchartrain seawall.
Major educational anchor providing cultural and recreational facilities.
Historic neighborhood park with sports fields and community facilities.
Key-figure check: median price diverges 20.9% 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 $223,000 (20.9% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $223,000 (-20.9% vs the published ten-year series (2025)) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.