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.


Housing Size

Housing Units by Size
Studio Type2.60%
One Bedroom22.70%
Two Bedrooms35.20%
Three Bedrooms27.40%
Four Bedrooms9.40%
Five Bedrooms or more2.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.64
Median year structure was built1955
Median Value of occupied units$87,300
Median Price asked for vacant units$72,300

Rented Homes, Apartments and Condos

Average Household Size2.34
Median year structure was built1954
Median Monthly Rent asked for vacant units$380

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage7.80%
Home Equity Loan4.40%
Simple Mortgage54.50%
Debt Free33%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.4%