The story of this market
The typical home in ZIP 70129 sells for about $167,000, or $115 per square foot.
Prices are down 9.32% from a year ago, which gives buyers more room to negotiate. Homes take about 78 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,350 a month.
ZIP 70129 — New Orleans
The 70129 housing market is currently experiencing a cooling trend, evidenced by a year-over-year decline in median listing prices and a relatively high inventory of active listings. Market conditions are driven by broader economic challenges in the New Orleans area and high insurance costs, leading to a cautious outlook for both buyers and sellers. Data for specific metrics like months of supply and sale-to-list ratios are based on current portal listings and may fluctuate.
This ZIP code is primarily suited for budget-conscious buyers and investors looking for entry-level housing, as the area offers some of the most accessible price points in the New Orleans market.
Median prices moved down 9.3% year over year.
Homes spend a median of 78 days on market with 6.9 months of supply — a balanced-paced market.
13% 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 8.2% · poverty 28.4% — 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 2.2%/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 70129, 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 70129 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 70129 ZIP code generally receive low performance ratings, reflecting broader challenges within the local district's academic outcomes.
The area is located in a high-risk flood zone, necessitating mandatory flood insurance and significant attention to storm-resilience measures due to its proximity to regional waterways.
Economic momentum is largely tied to the broader New Orleans industrial and logistics sectors, with limited new residential development activity currently reported within the ZIP boundaries.
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 primarily rely on personal vehicles for commuting to the New Orleans employment core, with transit options being limited and travel times heavily dependent on I-10 traffic conditions.
The area features limited local recreational amenities, though it provides access to regional green spaces and proximity to the natural landscapes of the eastern New Orleans wetlands.
The rental market is characterized by high demand for affordable units, with a significant share of the population being renters and limited new inventory entering the market.
The local economy is anchored by logistics, warehousing, and service-sector employment, benefiting from its strategic location near major transportation corridors.
The area is served by major highway arteries including I-10, which facilitates access to the broader New Orleans metropolitan area.
There are no major large-scale commercial or residential developments currently under construction within the ZIP code.
The Orleans Parish Assessor's Office manages property valuations, with assessments typically updated on a quadrennial cycle.
Parcels are subject to standard municipal and parish-wide taxing districts, including school and levee district levies.
Property insurance premiums are elevated due to the area's high flood risk and exposure to hurricane-related wind damage.
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 to potential buyers.
Data retrieved from data.census.gov ZCTA-level tables.
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 Orleans3.717.5 mi
- Storyland4.517.4 mi
- Airborne X Harvey4.418.9 mi
- The Escape Game New Orleans516.9 mi
- Carousel Gardens Amusement Park4.617.5 mi
- Caesars Superdome4.617.7 mi
- New Orleans Ernest N. Morial Convention Center4.517.2 mi
- Smoothie King Center4.617.8 mi
- Preservation Hall4.716.7 mi
- The Sazerac House4.917 mi
- Joe W. Brown Park4.59.1 mi
- Nola Party Barge - Swamp Tour Party Boat4.910 mi
- Audubon Louisiana Nature Center4.78.9 mi
- Bayou Sauvage NWR Ridge Trail & Boardwalk4.43.8 mi
- I-10 Twin Span Bridge4.57.5 mi
- The National WWII Museum4.817.5 mi
- Jackson Square4.716.6 mi
- Napoleon House4.616.7 mi
- The Sazerac House4.917 mi
- New Orleans Museum of Art4.717.2 mi
- Joe W. Brown Park4.59.1 mi
- Val Riess Park4.511.6 mi
- Bayou Sauvage Urban National Wildlife Refuge4.51.9 mi
- Audubon Louisiana Nature Center4.78.9 mi
- Fritchie Park4.511.4 mi
- New Orleans RV Resort & Marina4.212.9 mi
- Mid City Yacht Club4.518.4 mi
- Southern Yacht Club4.517.4 mi
- The Pointe Marina in Slidell4.49 mi
- Campo's Marina4.818.7 mi
- Kenney Seafood4.512.5 mi
- Fremaux Town Center4.512.9 mi
- Kohl's4.412.9 mi
- Castnet Seafood4.69.2 mi
- T.J. Maxx4.312.8 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 offering sports fields and green space.
Provides trails and educational exhibits on local ecosystems.
Key-figure check: median price diverges 31.4% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $114,500 (-31.4% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.