New Orleans, LA Real Estate
According to census data in the year 2000 there were 215,091 housing units in New Orleans.
This represents a 4.6% decline from 225,573 in 1990.
Of those housing units, 213,209 were located in either urbanized areas or urban clusters, and 1,882 were located in what is classified as a rural area.
Homeownership rate in New Orleans is about 46.5%.
New Orleans's vacancy rate, including seasonal lodging, is about 12.5%.
Average household size is 2.48 people.
The majority of houses, apartments or condos in New Orleans were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.60% |
| One Bedroom | 22.70% |
| Two Bedrooms | 35.20% |
| Three Bedrooms | 27.40% |
| Four Bedrooms | 9.40% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $87,300 |
| Median Price asked for vacant units | $72,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $380 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 7.80% |
| Home Equity Loan | 4.40% |
| Simple Mortgage | 54.50% |
| Debt Free | 33% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
