The story of this market
The typical home in ZIP 70112 sells for about $423,748, or $350 per square foot.
Prices are roughly flat from a year ago (+0.5%), a market in balance. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 70112 — New Orleans
The 70112 housing market is characterized by a high concentration of rentals and a significant vacancy rate, reflecting its urban downtown nature. Prices remain stable, though the market is heavily influenced by the hospitality-driven economy and high insurance costs. Data for specific metrics like active inventory and price cuts are limited at the ZIP level, requiring reliance on broader city-wide trends for context.
This ZIP is best suited for urban professionals, investors, and those seeking a high-density, walkable lifestyle in the heart of New Orleans, though it is less ideal for families due to limited green space and school options.
Median prices moved up 0.5% year over year.
Homes spend a median of 88 days on market with 8.2 months of supply — a slower-moving market.
18% 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 9.5% · poverty 42.0% — elevated distress and economic pressure.
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 4.6%/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 70112, Orleans 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.
The area experiences high rates of property and violent crime typical of dense urban centers in the region, with trends remaining elevated compared to suburban counterparts.
Public schools serving the area are part of the NOLA Public Schools system, which operates as an all-charter district with varying performance outcomes across individual campuses.
The geography is located in a high-risk flood zone requiring specialized insurance, with significant exposure to hurricane-related wind and storm surge events.
Economic momentum is driven by the tourism, hospitality, and healthcare sectors, with ongoing redevelopment of historic properties and mixed-use projects in the Central Business District.
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.
Residents benefit from high walkability and immediate access to the Canal Streetcar line and major bus corridors serving the downtown employment core.
The area is anchored by proximity to the French Quarter, Lafayette Square, and numerous historic theaters, museums, and dining districts within walking distance.
The rental market is highly active with significant short-term rental presence and high vacancy pressure due to the transient nature of the downtown population.
The economy is heavily reliant on tourism, conventions, and the regional healthcare sector, with major employers including Ochsner Health and various hospitality groups.
The area is the primary hub for the RTA streetcar and bus network, providing extensive connectivity throughout the city.
Development is focused on the revitalization of the downtown core through adaptive reuse and infrastructure improvements to the streetcar lines.
The Orleans Parish Assessor's Office manages assessments, utilizing a 10% assessment ratio for residential properties.
Parcels are subject to city-wide millage rates and specific downtown development district assessments.
Property insurance premiums are high and volatile due to significant flood and wind risk, with many properties requiring coverage through the Louisiana Citizens Property Insurance Corporation.
Data retrieved from data.census.gov ZCTA 70112 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 Orleans3.70.6 mi
- Sky Zone Trampoline Park4.16.7 mi
- Game On Social Hub4.59.9 mi
- K1 Speed New Orleans4.66.3 mi
- Storyland4.52.3 mi
- Caesars Superdome4.60.6 mi
- New Orleans Ernest N. Morial Convention Center4.51.3 mi
- Smoothie King Center4.60.8 mi
- Preservation Hall4.70.7 mi
- The Sazerac House4.90.8 mi
- The National WWII Museum4.81.2 mi
- French Market4.51 mi
- Audubon Aquarium4.41.1 mi
- Audubon Zoo4.54.1 mi
- Jackson Square4.70.9 mi
- The National WWII Museum4.81.2 mi
- Jackson Square4.70.9 mi
- Napoleon House4.60.8 mi
- New Orleans Museum of Art4.72.1 mi
- The Sazerac House4.90.8 mi
- Jackson Square4.70.9 mi
- New Orleans City Park4.83.2 mi
- Louis Armstrong Park4.50.6 mi
- Audubon Park4.73.9 mi
- Lafreniere Park4.78.7 mi
- New Orleans RV Resort & Marina4.25.2 mi
- Mid City Yacht Club4.52.2 mi
- Southern Yacht Club4.55.2 mi
- Seabrook Harbor & Marine4.55.1 mi
- Bucktown Marina4.65.2 mi
- TPC Louisiana4.67.8 mi
- Bayou Oaks At City Park43.9 mi
- Golf Club at Audubon Park4.43.7 mi
- Chateau Golf & Country Club4.511.6 mi
- Loft18 Metairie4.54.9 mi
- Lakeside Shopping Center4.45.8 mi
- French Market4.51 mi
- Riverwalk Outlets4.41.3 mi
- Rouses Market4.50.8 mi
- Ross Dress for Less4.21.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic park in the heart of the Central Business District.
Landmark venue hosting Broadway shows and concerts.
Major commercial corridor with historic streetcar access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.