The story of this market
The typical home in ZIP 70127 sells for about $185,000, or $115 per square foot.
Prices are up +1.7% from a year ago, so sellers still have some momentum. Homes take about 94 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,137 a month.
ZIP 70127 — New Orleans
The 70127 housing market is currently characterized by stable demand and modest price growth, with a median sale price of approximately $180,000. Market activity is driven by affordability, though high insurance costs and flood risk remain significant factors for buyers. Inventory levels are sufficient to meet current demand, resulting in a balanced market environment.
This ZIP code is primarily suited for budget-conscious family buyers and long-term residents seeking affordable housing options within the New Orleans metro area.
Median prices moved up 1.7% year over year.
Homes spend a median of 94 days on market with 5.2 months of supply — a balanced-paced market.
25% of listings have cut prices · homes sell at 94% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.9% · poverty 26.9% — 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 3.2%/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 70127, 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 both the Louisiana state average and national benchmarks.
Public schools serving the 70127 ZIP code generally face challenges with performance metrics, often receiving lower ratings compared to regional and state averages.
The area is highly susceptible to flood risks due to its low-lying geography and proximity to Lake Pontchartrain, necessitating mandatory flood insurance for many properties.
Economic momentum is driven by local retail and service sectors, though large-scale commercial development has been limited compared to other parts of the New Orleans metro area.
Property taxes are assessed by Orleans Parish based on a millage rate structure; homeowners may qualify for the Louisiana Homestead Exemption, which reduces the taxable value of primary residences.
Residents typically rely on personal vehicles for commuting to the New Orleans central business district, with travel times heavily dependent on traffic conditions along the I-10 corridor.
The area features access to local community parks and proximity to the natural amenities of the Lake Pontchartrain shoreline, though major shopping and entertainment hubs are primarily located outside the immediate ZIP boundaries.
The rental market is characterized by high demand for affordable housing, with a significant share of the population living in renter-occupied units and ongoing pressure on vacancy rates.
The local economy is anchored by healthcare, retail, and public sector employment, with many residents commuting to the broader New Orleans metropolitan area for work.
The area is served by major highway corridors including I-10 and I-510, which provide the primary transit links to the rest of the city.
Development activity is focused on residential infill and small-scale commercial improvements rather than large-scale master-planned projects.
The Orleans Parish Assessor's Office manages property valuations, with assessments typically updated on a recurring cycle to reflect market changes.
Parcels are subject to city-wide municipal taxes and specific levee district assessments for flood protection infrastructure.
Property insurance premiums are high due to significant hurricane and flood risk exposure, with many properties requiring coverage through the Louisiana Citizens Property Insurance Corporation.
Data retrieved from US Census Bureau ACS 5-year estimates for ZCTA 70127.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Dave & Buster's New Orleans3.77.4 mi
- Sky Zone Trampoline Park4.113.5 mi
- K1 Speed New Orleans4.612.9 mi
- Game On Social Hub4.515.7 mi
- Storyland4.57.7 mi
- Caesars Superdome4.67.6 mi
- New Orleans Ernest N. Morial Convention Center4.57.1 mi
- Smoothie King Center4.67.8 mi
- Preservation Hall4.76.6 mi
- The Sazerac House4.96.9 mi
- The National WWII Museum4.87.4 mi
- French Market4.56.2 mi
- Audubon Aquarium4.46.8 mi
- Audubon Zoo4.511.2 mi
- Jackson Square4.76.5 mi
- The National WWII Museum4.87.4 mi
- Jackson Square4.76.5 mi
- Napoleon House4.66.7 mi
- New Orleans Museum of Art4.77.4 mi
- The Sazerac House4.96.9 mi
- Jackson Square4.76.5 mi
- New Orleans City Park4.87.2 mi
- Louis Armstrong Park4.56.5 mi
- Audubon Park4.711 mi
- Lafayette Square4.57.2 mi
- New Orleans RV Resort & Marina4.23.9 mi
- Mid City Yacht Club4.58.6 mi
- Southern Yacht Club4.58.6 mi
- The Pointe Marina in Slidell4.417.7 mi
- Seabrook Harbor & Marine4.53.8 mi
- Bayou Oaks At City Park47.1 mi
- Golf Club at Audubon Park4.410.9 mi
- Loft18 Metairie4.511.2 mi
- New Orleans Country Club4.58.7 mi
- Stonebridge Golf Club of New Orleans4.311 mi
- Lakeside Shopping Center4.411.1 mi
- French Market4.56.2 mi
- Riverwalk Outlets4.47 mi
- Rouses Market4.57.4 mi
- Ross Dress for Less4.28.7 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 regional recreational access for fishing and boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.