Housing in New Orleans, LA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$340,000
Median List Price
$324,900
Price Per Sq Ft
$195
Days on Market
88
Active Inventory
2,044
Months of Supply
9.0
Buyer's market
Zillow Home Value
$236,136
ZHVI — January 2026
Zillow Rent Index
$1,615
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
10.6%
Off Market in 2 Weeks
16.7%
Sale-to-List Ratio
95.3%
Buyer's market
Market Activity
Source: RedfinHomes Sold
226
New Listings
449
Pending Sales
305
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$195
Median List $/SF
$202
New Orleans vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 250,000 - 500,000 residents. New Orleans is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$296,400
Median Rent
$1,211
Total Housing Units
194,758
Vacancy Rate
20.4%
Owner Occupied
50.5%
Renter Occupied
49.5%
Median Property Tax
$2,428
per year
Monthly Cost (w/ Mortgage)
$1,404
Housing Types
The current median sale price in New Orleans, LA is $340,000 according to Redfin data. Homes spend a median of 88 days on the market. 10.6% of homes sold above asking price. The market has 9.0 months of supply. The median price per square foot is $195. Zillow's observed rent index is $1,615/month. About 50.5% of housing units are owner-occupied. The median year homes were built is 1959. There are 194,758 total housing units.