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New Orleans

Learn about the people, housing, costs and businesses in New Orleans, Louisiana

Median Home$389,930
Median Rent$1,335/month
Population371,853
Leading IndustriesHealthcare · Arts, Food & Hospitality · Manufacturing14% healthcare
Home Value Growth+3.3% over 2 years
Young Adults34% of residentswell above average
Homeowners51% of occupied units
NotableAmenity Score83/100 · highly walkable area
NotableTransit80/100 · excellent transit access
New Orleans
LA

Frequently Asked Questions

What are today's mortgage rates in New Orleans?

As of today, the 30-year fixed mortgage rate for New Orleans is approximately 6.885% (6.921% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New Orleans?

The median home value in New Orleans is $390k. The median monthly rent is $1,335. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Orleans?

Home values in New Orleans have increased 3.3% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New Orleans?

Based on a typical all-in ownership cost of $1,418/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Orleans is $66k/year.

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What industries drive the economy in New Orleans?

The largest employment sectors in New Orleans are public administration (22%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.