The story of this market
The typical home in ZIP 70126 sells for about $165,000, or $135 per square foot.
Prices are up +10% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,103 a month.
ZIP 70126 — New Orleans
The 70126 housing market shows modest price appreciation, though it remains one of the more affordable areas in the New Orleans metro. Market activity is constrained by high flood insurance costs and limited inventory, resulting in a slow-moving, buyer-leaning environment.
This ZIP is best suited for budget-conscious buyers and investors looking for entry-level housing opportunities in the New Orleans market, though it requires careful consideration of flood risk and school quality.
Median prices moved up 10.0% year over year.
Homes spend a median of 62 days on market with 5.7 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 12.1% · poverty 27.2% — 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 4.1%/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 70126, 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 New Orleans East area remain a significant concern, with reported incidents consistently higher than the national average and many other parts of the city.
Public schools in this area generally face challenges with performance metrics, often trailing state averages in proficiency and accountability ratings.
The area is highly susceptible to flood risks due to its low elevation and proximity to Lake Pontchartrain, necessitating mandatory flood insurance for most properties.
Economic momentum is driven by proximity to the Port of New Orleans and ongoing recovery efforts, though large-scale commercial development remains limited compared to the city 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.
Residents primarily rely on personal vehicles for commuting to the New Orleans central business district via I-10, with limited public transit options available.
The area features access to Lake Pontchartrain for boating and fishing, along with several neighborhood parks and proximity to the Joe W. Brown Memorial Park.
The rental market is characterized by high demand for affordable housing, with a significant portion of the stock consisting of older single-family homes and multi-family complexes.
The local economy is anchored by healthcare, logistics, and service-sector jobs, with many residents commuting to the broader New Orleans metro area.
Transportation is heavily dependent on the I-10 corridor, which serves as the primary artery for regional connectivity.
Development is primarily focused on infill housing and small-scale commercial revitalization projects.
The Orleans Parish Assessor's Office manages property valuations, utilizing a mass appraisal system for tax purposes.
Parcels are subject to various municipal service districts and the Orleans Parish School Board tax levies.
Property insurance remains a critical factor due to high flood risk, with premiums significantly influenced by FEMA flood zone designations.
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-level tables.
- Dave & Buster's New Orleans3.76.7 mi
- Sky Zone Trampoline Park4.111.8 mi
- Game On Social Hub4.513.4 mi
- K1 Speed New Orleans4.611 mi
- Storyland4.55.9 mi
- Caesars Superdome4.66.8 mi
- New Orleans Ernest N. Morial Convention Center4.56.7 mi
- Smoothie King Center4.67 mi
- Preservation Hall4.75.9 mi
- The Sazerac House4.96.3 mi
- The National WWII Museum4.86.9 mi
- French Market4.55.6 mi
- Audubon Aquarium4.46.3 mi
- Audubon Zoo4.510.2 mi
- Jackson Square4.75.8 mi
- The National WWII Museum4.86.9 mi
- Jackson Square4.75.8 mi
- Napoleon House4.66 mi
- New Orleans Museum of Art4.75.7 mi
- The Sazerac House4.96.3 mi
- Jackson Square4.75.8 mi
- New Orleans City Park4.85.1 mi
- Louis Armstrong Park4.55.7 mi
- Audubon Park4.710 mi
- Lafreniere Park4.712.3 mi
- New Orleans RV Resort & Marina4.21.4 mi
- Mid City Yacht Club4.56.9 mi
- Southern Yacht Club4.56.1 mi
- Seabrook Harbor & Marine4.51.3 mi
- Eddie Pinto's Marina & Seafood4.45 mi
- Bayou Oaks At City Park44.8 mi
- Golf Club at Audubon Park4.49.9 mi
- Loft18 Metairie4.59.3 mi
- New Orleans Country Club4.57 mi
- Stonebridge Golf Club of New Orleans4.311.8 mi
- Lakeside Shopping Center4.48.8 mi
- French Market4.55.6 mi
- Riverwalk Outlets4.46.6 mi
- Rouses Market4.56.8 mi
- Ross Dress for Less4.27.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large public park featuring sports facilities and green space.
Provides recreational opportunities including fishing and boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.