New Orleans, LA housing market
The typical New Orleans home is worth about $244,000, down 1.9% in a year, 12% above the Louisiana typical home. Homes typically sell in 54 days, below asking.
Home values, sales, trends and how New Orleans compares with the towns next door — updated as new data is published.
New Orleans at a glance
A balanced market
About 5.8 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | New Orleans | Louisiana |
|---|---|---|
| 2017 | $212,000 | $185,000 |
| 2018 | $209,000 | $186,000 |
| 2019 | $216,000 | $188,000 |
| 2020 | $242,000 | $198,000 |
| 2021 | $257,000 | $208,000 |
| 2022 | $283,000 | $219,000 |
| 2023 | $285,000 | $221,000 |
| 2024 | $263,000 | $215,000 |
| 2025 | $253,000 | $215,000 |
| 2026 | $244,000 | $214,000 |
| August 2026 | $244,000 | $217,000 |
882 new homes permitted in 2025
Builders were permitted 882 new homes in New Orleans in 2025: 210 single-family houses and 672 in buildings with two or more homes, worth about $149.5 million to build. That's 2.4 per 1,000 residents, slower than across Louisiana (3.3). Over the past 10 years, New Orleans has permitted 10,363 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, New Orleans gained 40,168 residents while 9,434 new homes were permitted: about 4.3 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Louisiana: 0.9 new residents per new home.
How New Orleans ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 479 | 184 | 295 | $94.3 million |
| 2025 | 882 | 210 | 672 | $149.5 million |
| 2024 | 710 | 202 | 508 | $186.7 million |
| 2023 | 1,067 | 249 | 818 | $250.3 million |
| 2022 | 891 | 448 | 443 | $218.5 million |
| 2021 | 1,576 | 716 | 860 | $298.3 million |
| 2020 | 1,360 | 621 | 739 | $258.2 million |
| 2019 | 1,306 | 558 | 748 | $244.6 million |
| 2018 | 1,303 | 524 | 779 | $264.1 million |
| 2017 | 660 | 447 | 213 | $137.1 million |
| 2016 | 608 | 280 | 328 | $131.5 million |
| 2015 | 496 | 127 | 369 | $72.8 million |
| 2014 | 1,026 | 574 | 452 | $201.8 million |
| 2013 | 895 | 736 | 159 | $161.9 million |
| 2012 | 966 | 690 | 276 | $171.5 million |
| 2011 | 1,094 | 717 | 377 | $156.9 million |
| 2010 | 1,080 | 820 | 260 | $154 million |
| 2009 | 1,561 | 947 | 614 | $169.5 million |
| 2008 | 2,574 | 882 | 1,692 | $321.9 million |
| 2007 | 3,246 | 1,026 | 2,220 | $380.3 million |
| 2006 | 823 | 468 | 355 | $94.8 million |
| 2005 | 617 | 413 | 204 | $99.4 million |
| 2004 | 887 | 552 | 335 | $97.6 million |
| 2003 | 917 | 530 | 387 | $281.3 million |
| 2002 | 616 | 438 | 178 | $69.8 million |
| 2001 | 627 | 455 | 172 | $68.2 million |
| 2000 | 679 | 348 | 331 | $93.4 million |
How New Orleans ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
New Orleans and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| New Orleans | $244K | −1.9% | $1,390 | 882 | $56,631 |
| Gretna | $242K | +2.8% | $1,340 | 11 | $43,110 |
| Meraux | $241K | −0.5% | $1,340 | — | $76,021 |
| Marrero | $228K | +5.3% | $1,340 | — | $41,402 |
| Terrytown | — | −2.7%† | $1,340 | — | $51,718 |
| Metairie | $328K | +6.4% | $1,350 | — | $73,042 |
| Chalmette | $218K | +2.4% | $1,340 | — | $54,904 |
† FHFA price index change, where Zillow has no home value for the town.
4.3 years of income
The typical New Orleans home costs about 4.3 years of the town's median household income, more than across Louisiana (3.6 years).
How New Orleans ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,390
HUD's Fair Market Rent for a two-bedroom in New Orleans is $1,390 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in New Orleans pay a median of $1,251, so moving in tends to cost more than staying put. A two-bedroom takes about 29% of the town's median household income.
Studio $1,010 · 4 bedrooms $2,080
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (70114, 70115, 70117, 70118, 70119, 70122 and 6 more; New Orleans-Metairie, LA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in New Orleans
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.