New Orleans housing market: home prices, trends and forecast
New Orleans home prices: the Zillow Home Value Index put a typical home in New Orleans, Louisiana at $241,895 in September 2026, −1.5% compared with a year earlier and −18.9% under the peak of $298,188 reached in July 2022.
- Value of a typical home
- $241,895September 2026, Zillow ZHVI
- Change over 12 months
- −1.5%. Change since September 2025.
New Orleans home prices since 2000
New Orleans is the steel line and the United States the grey line. The typical New Orleans home rose from $117,086 in January 2000 to $241,895, ×2.07, compared with a US gain of ×2.99 over those months. During the boom, prices topped out at $175,559 in February 2006; the low followed at $139,327 in April 2008, −20.6%.
New Orleans median home price by year
A yearly figure averages twelve monthly values; for 2026 it shows the latest month.
| Year | New Orleans | Change on the year | United States |
|---|---|---|---|
| 2000 | $119,526 | $125,745 | |
| 2001 | $129,469 | +8.3% | $134,899 |
| 2002 | $136,036 | +5.1% | $144,276 |
| 2003 | $145,130 | +6.7% | $155,308 |
| 2004 | $157,426 | +8.5% | $169,891 |
| 2005 | $170,137 | +8.1% | $189,732 |
| 2007 | $141,443 | $208,449 | |
| 2008 | $145,410 | +2.8% | $195,574 |
| 2009 | $146,334 | +0.6% | $177,542 |
| 2010 | $148,101 | +1.2% | $171,462 |
| 2011 | $146,098 | −1.4% | $162,508 |
| 2012 | $150,846 | +3.2% | $161,137 |
| 2013 | $169,027 | +12.1% | $171,420 |
| 2014 | $176,113 | +4.2% | $182,996 |
| 2015 | $188,117 | +6.8% | $192,738 |
| 2016 | $207,216 | +10.2% | $204,509 |
| 2017 | $208,093 | +0.4% | $216,767 |
| 2018 | $211,145 | +1.5% | $230,541 |
| 2019 | $229,388 | +8.6% | $242,088 |
| 2020 | $245,603 | +7.1% | $257,151 |
| 2021 | $269,706 | +9.8% | $295,959 |
| 2022 | $291,245 | +8.0% | $340,014 |
| 2023 | $272,910 | −6.3% | $348,160 |
| 2024 | $255,114 | −6.5% | $359,751 |
| 2025 | $246,644 | −3.3% | $362,959 |
| September 2026 | $241,895 | −1.5% | $366,157 |
What a home bought in New Orleans in any year is worth today
An index-based estimate of a typical home, not an appraisal.
Twelve monthly index values are averaged to give each year's figure; the value today is September 2026. Other options: home appreciation calculator.
Thinking about selling? Compare local agents at Realtor.com. Advertising disclosure: links like this one may pay the site; no number changes because of it. Disclosure.
New Orleans housing market forecast
The New Orleans, LA metro: Zillow's forecast is −1.0% across the 12 months starting September 2026, with −0.6% over the coming three months. New Orleans's typical value is $241,895; put through that forecast, it lands near $239,500 one year ahead.
Zillow's own central estimate for the metro is what this shows, restated here; the site does not publish a forecast of its own. Forecasts of this kind over 12 months have usually come in several percentage points away from the realised change, in both directions. Nothing here is investment advice.
One table holds the forecast for every metro: housing market forecasts.
New Orleans housing market crash risk score
54 out of 100, above the typical level
Using five conditions that ran high before earlier price falls, the score ranks New Orleans against 292 cities. Every input is set on a scale from 0 to 100 by comparing it with the other cities, then the five scores get an equal-weight average. It shows conditions as they are today; no crash is predicted by it.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | +27.9% | 79 | 20% |
| Days on the market vs 2019 | +14.3% | 69 | 20% |
| Price-to-rent ratio | 12.3 | 9 | 20% |
| Price-to-income ratio | 4.1 | 31 | 20% |
| 12-month price change | −1.5% | 84 | 20% |
This is not investment advice. How each input gets its score: methodology. Rankings for all 292 cities: crash risk by city.
Inventory and how long homes stay listed in New Orleans
In September 2026 the New Orleans, LA metro listed 3,892 homes for sale, +0.5% higher than a year earlier and +27.9% above the same month of 2019. The median time to sell was 80 days (+14.3% against 2019), and price cuts hit 19.1% of listings.
| New Orleans, LA metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 3,892 | +0.5% |
| New listings | 892 | |
| Median days on market | 80 | −3.0% |
| Median list price | $287,000 | −8.8% |
| Share with a price cut | 19.1% |
Metro inventory from Realtor.com® Economic Research. Realtor.com figures. Every metro listed: days on market by city.
What it costs to live in New Orleans
By the Zillow Observed Rent Index, asking rent in New Orleans typically runs $1,633 a month, +2.0% on a year. A typical home there equals 12.3 years of that rent. Median household income stands at $58,821 (Census ACS 2024), which puts a typical home at 4.1 times what a household earns in a year. BEA gives the metro a price figure of 92.6, where the US average is 100, and a housing-cost figure of 86.0.
The salary needed to move there, along with rent and prices: New Orleans cost of living.
Other housing markets in Louisiana
- Baton Rouge $228,438
- Shreveport: $145,457.
- In Lafayette: $224,537.
For the whole state: the Louisiana housing market.
How to read this chart
Each point shows the Zillow Home Value Index for New Orleans: in dollars for that month, the smoothed and seasonally adjusted value for a home typical of the market's middle third. The hollow dot shows the month picked on the slider, while the terracotta dot shows the most recent month. No inflation adjustment is applied to these figures, and the index follows the typical home rather than any one house: use the card above or the home appreciation calculator to work out what one home is worth from the price it sold for.