New Orleans, LA Housing Market

Market data powered by Zillow Research. Last updated: 2026-04-02

New Orleans, LA offers balanced conditions for buyers.

  • •Prices are essentially flat (1.4% YoY) — good negotiating leverage for buyers.
  • •Price-to-rent ratio: 13.5 — buying is likely more cost-effective than renting.

Median Home Value

$254,906

ZHVI

Year-over-Year

+1.4%

Price change

5-Year Change

-1.8%

Since 2021

Median Rent

$1,577/mo

ZORI

Active Listings

5,814

For sale

State Avg

$208,930

Louisiana

Home Value Trends

5-year Zillow Home Value Index for New Orleans, LA vs. state and national averages.

Rent Data

Median Rent

$1,577/mo

Rent YoY Change

+0.1%

Rent vs. Buy Calculator

Other Markets in Louisiana

Baton Rouge, LA$241,806Hammond, LA$218,323Ruston, LA$216,055Lake Charles, LA$197,009Lafayette, LA$195,023DeRidder, LA$189,091
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Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.