The story of this market
The typical home in ZIP 70131 sells for about $190,000, or $145 per square foot.
Prices are up +2.1% 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 $1,650 a month.
ZIP 70131 — New Orleans
The 70131 housing market remains stable with modest year-over-year price growth. Market conditions are driven by steady demand for affordable housing in the New Orleans metro area, though high insurance costs and flood risk remain significant factors for buyers. Specific ZIP-level data for active inventory and price cuts is not currently published by major aggregators, requiring reliance on broader parish-level trends.
This ZIP is well-suited for families and commuters seeking more affordable housing options than the New Orleans city center while maintaining access to the metro area's employment hubs.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 4.4 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 14.0% — a stable, low-distress 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 4.1%/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 3.9%/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 70131, 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 Algiers/70131 area are generally reported as moderate compared to the broader New Orleans urban core, though property crime remains a primary concern for residents.
Public schools serving the area are part of the NOLA Public Schools district, with performance ratings varying significantly across individual campuses.
The area is located in a low-lying region of New Orleans, necessitating mandatory flood insurance for many properties and adherence to strict elevation requirements.
Economic momentum is tied to the New Orleans metro area, with proximity to the West Bank's industrial and maritime sectors providing a stable employment base.
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 the Crescent City Connection bridge to reach the New Orleans Central Business District, with travel times heavily dependent on bridge traffic.
The area features access to the Mississippi River levee paths for walking and cycling, as well as proximity to local parks and community centers in the Algiers neighborhood.
The rental market is characterized by a mix of single-family homes and multi-family units, with steady demand driven by affordability relative to the New Orleans city center.
The economy is anchored by the New Orleans metro area, with significant employment in maritime, tourism, and healthcare sectors.
Transportation is heavily reliant on personal vehicles, with the Crescent City Connection serving as the primary artery to the New Orleans core.
Development is focused on infill residential projects and infrastructure maintenance within the existing urban footprint.
The Orleans Parish Assessor's Office manages property assessments, with reassessments occurring on a four-year cycle.
Parcels are subject to Orleans Parish municipal taxes and various special service districts for drainage and levee maintenance.
Property insurance premiums are high due to regional hurricane and flood risk, with many properties requiring coverage through the Louisiana Citizens Property Insurance Corporation.
Data retrieved from Census Reporter and United States Zip Codes.
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 Orleans3.710.4 mi
- Sky Zone Trampoline Park4.116.8 mi
- K1 Speed New Orleans4.616.7 mi
- Storyland4.512.7 mi
- Airborne X Harvey4.48.8 mi
- Caesars Superdome4.610.7 mi
- New Orleans Ernest N. Morial Convention Center4.59.5 mi
- Smoothie King Center4.610.7 mi
- Preservation Hall4.710 mi
- The Sazerac House4.99.9 mi
- The National WWII Museum4.89.9 mi
- French Market4.59.8 mi
- Audubon Aquarium4.49.7 mi
- Jackson Square4.79.9 mi
- The Sazerac House4.99.9 mi
- The National WWII Museum4.89.9 mi
- Jackson Square4.79.9 mi
- Napoleon House4.69.9 mi
- The Sazerac House4.99.9 mi
- New Orleans Museum of Art4.712.4 mi
- Jackson Square4.79.9 mi
- Louis Armstrong Park4.510.3 mi
- Audubon Park4.712.9 mi
- Lafayette Square4.510 mi
- Goldring Woldenberg Riverfront Park4.69.7 mi
- Eddie Pinto's Marina & Seafood4.46.9 mi
- Golf Club at Audubon Park4.412.9 mi
- Stonebridge Golf Club of New Orleans4.37.6 mi
- Timberlane Golf & Recreation4.47.6 mi
- Joseph M. Bartholomew Municipal Golf Course4.211.8 mi
- French Market4.59.8 mi
- Riverwalk Outlets4.49.5 mi
- Rouses Market4.510.2 mi
- Ross Dress for Less4.211.2 mi
- Canal Place4.49.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive walking and cycling paths along the riverfront.
A large municipal park offering green space and recreational facilities.
Key-figure check: median price diverges 24.3% from the nearest retained anchor (published ten-year series (2024)) — 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 $236,200 (24.3% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $236,200 (+24.3% vs the published ten-year series (2024)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.