The story of this market
The typical home in ZIP 70040 sells for about $111,600, or $168 per square foot.
Prices are down 2.4% from a year ago, which gives buyers more room to negotiate. Homes take about 72 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 70040 — Braithwaite
The housing market in 70040 is currently stable with low inventory and limited sales volume, reflecting a quiet rural market. Prices have seen a slight year-over-year decline, likely influenced by high insurance costs and the area's flood-prone geography. Demand remains steady among local residents, but the market lacks the speculative activity seen in more urbanized areas.
This ZIP is best suited for local workers in the maritime or industrial sectors and those seeking a rural, river-adjacent lifestyle who are comfortable with a longer commute to urban centers.
Median prices moved down 2.4% year over year.
Homes spend a median of 72 days on market with 9.2 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 12.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 70040, Plaquemines Parish, LA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Braithwaite are generally lower than the regional average for the Greater New Orleans area, though property crime remains the primary concern for residents.
Public schools serving the area are part of the Plaquemines Parish School District, which generally maintains moderate performance ratings compared to state benchmarks.
The area is located in a high-risk flood zone due to its proximity to the Mississippi River and coastal wetlands, necessitating mandatory flood insurance for most residential properties.
Economic momentum is largely tied to the petrochemical and maritime industries along the Mississippi River corridor, with limited new residential development activity.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Louisiana) — Ad Valorem Property Tax Assessment: Property is assessed at 10% of its fair market value. The tax liability is calculated by applying the local millage rate to the assessed value. A homestead exemption of $75,000 of the assessed value is available for owner-occupied primary residences.
Commuting to the New Orleans employment core typically requires a 30-45 minute drive via LA-39, with limited public transit options available.
Recreational opportunities are primarily outdoor-focused, including fishing, boating, and access to nearby wildlife management areas, with limited commercial shopping centers within the immediate ZIP.
The rental market is characterized by low turnover and a high share of single-family homes, with limited multi-family inventory and minimal short-term rental penetration.
The local economy is heavily dependent on the industrial, maritime, and agricultural sectors located along the Mississippi River, with major employers including regional petrochemical facilities.
Transportation is almost exclusively reliant on private vehicles, with LA-39 serving as the primary arterial road connecting the community to the Greater New Orleans area.
There are no major large-scale residential or commercial developments currently approved or under construction within the ZIP code boundaries.
The Plaquemines Parish Assessor's office manages property valuations, with assessments typically updated on a recurring cycle to reflect market changes.
Parcels are subject to Plaquemines Parish school and levee district taxes, which are critical for funding local flood protection infrastructure.
Property insurance premiums are high and volatile due to the area's location in a high-risk flood zone and exposure to hurricane-force winds.
Louisiana is a judicial foreclosure state, requiring court intervention to complete the foreclosure process.
Louisiana requires sellers to provide a property disclosure document detailing known defects, though the state is generally considered 'caveat emptor' for many conditions.
Data retrieved from data.census.gov ZCTA 70040 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Dave & Buster's New Orleans3.717.8 mi
- Airborne X Harvey4.414.5 mi
- The Escape Game New Orleans517.7 mi
- Escape My Room New Orleans4.917.1 mi
- Clue Carré - New Orleans4.817.5 mi
- Caesars Superdome4.618 mi
- New Orleans Ernest N. Morial Convention Center4.517.1 mi
- Smoothie King Center4.617.9 mi
- Preservation Hall4.718 mi
- The Sazerac House4.917.7 mi
- Airboat Adventures4.711.4 mi
- St. Bernard State Park4.510.4 mi
- New Orleans Airboat Tours, LLC4.99 mi
- Woodlands Conservancy’s Woodlands Trail4.512.3 mi
- Los Isleños Museum Complex4.611.4 mi
- The National WWII Museum4.817.2 mi
- Jackson Square4.717.9 mi
- Napoleon House4.617.9 mi
- The Sazerac House4.917.7 mi
- Mardi Gras World4.416.5 mi
- Jean Lafitte National Historical Park and Preserve4.713 mi
- St. Bernard State Park4.510.4 mi
- Oakdale Playground4.411.8 mi
- Woodlands Conservancy’s Woodlands Trail4.512.3 mi
- Myrtle Grove Marina4.46 mi
- Stonebridge Golf Club of New Orleans4.311.2 mi
- Timberlane Golf & Recreation4.412.4 mi
- Hong Kong Food Market4.412.6 mi
- Crescent Market4.512.2 mi
- Rouses Market4.312.1 mi
- Navy Exchange Main4.48.6 mi
- Breaux Mart Belle Chasse4.510.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park providing basic outdoor recreation space.
Used by locals for walking and outdoor exercise along the river.
Key-figure check: median price diverges 119.5% from the nearest retained anchor (published ten-year series (2026)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $245,000 (119.5% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $245,000 (+119.5% vs the published ten-year series (2026)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.