Orleans Parish, Louisiana Housing Market
In Orleans Parish, Louisiana, the median home value is $315,700, with a median monthly rent of $1,251. This places Orleans Parish at #545 nationally out of 3134 counties by median home value, and #1 within Louisiana.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,304
- Establishments: 17,048
- BLS QCEW, 2025
Housing Supply
- Single-family: 210
- Multi-family: 672
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 130,114 (avg $81,919)
- Outflow: 127,672 (avg $81,253)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Orleans Parish · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 70129 | 185.4 | +24.46% | 2025 |
| 2 | 70127 | 172.9 | -11.09% | 2025 |
| 3 | 70114 | 215.9 | -5.23% | 2025 |
| 4 | 70128 | 152.9 | -11.31% | 2025 |
| 5 | 70126 | 205.8 | +8.14% | 2025 |
| 6 | 70131 | 181.2 | -5.01% | 2025 |
| 7 | 70130 | 302.9 | +4.85% | 2025 |
| 8 | 70117 | 347.8 | -5.24% | 2025 |
| 9 | 70122 | 255.5 | -3.96% | 2025 |
| 10 | 70115 | 316.9 | +1.18% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Orleans Parish Compares
| Metric | Orleans Parish | Louisiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $315,700 | $167,368 | $227,706 |
| Median Gross Rent | $1,251 | $914 | $968 |
| Owner Occupancy Rate | 51.2% | 72.2% | 73.3% |
| Price/Rent Ratio | 21.0 | 15.1 | 18.7 |
Market Analysis
The median home value in Orleans Parish is 88.6% above the Louisiana state average and 38.6% above the U.S. national average. The median rent of $1,251/month is 36.9% above the state average.
With a price-to-rent ratio of 21.0, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Orleans Parish has an owner-occupancy rate of 51.2%, compared to 72.2% in Louisiana and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Emmet County | Michigan | $315,700 | $1,112 |
| King William County | Virginia | $315,700 | $1,166 |
| Lafayette County | Mississippi | $315,400 | $1,085 |
| Towns County | Georgia | $316,100 | $808 |
| Louisa County | Virginia | $315,300 | $1,220 |
Other Counties in Louisiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| St. Tammany Parish | $284,000 | $1,332 | 78.9% |
| Plaquemines Parish | $282,900 | $1,573 | 75.8% |
| Ascension Parish | $279,600 | $1,318 | 81.0% |
| St. Charles Parish | $263,700 | $1,210 | 82.1% |
| Jefferson Parish | $251,400 | $1,190 | 62.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).