The story of this market
The typical home in ZIP 70119 sells for about $361,818, or $213 per square foot.
Prices are up +6.9% from a year ago, so sellers still have some momentum. Homes take about 80 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,550 a month.
ZIP 70119 — New Orleans
The 70119 housing market is currently experiencing moderate price growth but remains characterized by high vacancy rates and a lack of competitiveness. Investors face a challenging environment where success is driven by property-specific execution rather than broad market appreciation. Many specific metrics such as sale-to-list ratios and detailed tax data are not currently published at the ZIP level.
This ZIP is suited for investors and buyers willing to perform significant due diligence, as the market requires careful tenant screening and management of deferred maintenance.
Median prices moved up 6.9% year over year.
Homes spend a median of 80 days on market with 3.9 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 70119, 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.
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.
The rental market in 70119 shows a median rent of $1,550/mo with a vacancy rate of 20.3%, indicating significant supply pressure and a challenging environment for investors.
The local economy is characterized by a mix of service and tourism-related industries typical of the broader New Orleans area.
Data sourced from Repit and IncomeByZipCode; specific ACS table breakdowns not fully available.
- Dave & Buster's New Orleans3.72 mi
- Sky Zone Trampoline Park4.16.8 mi
- Game On Social Hub4.59.4 mi
- K1 Speed New Orleans4.66.2 mi
- Storyland4.51.2 mi
- Caesars Superdome4.62 mi
- New Orleans Ernest N. Morial Convention Center4.52.6 mi
- Smoothie King Center4.62.1 mi
- Preservation Hall4.71.7 mi
- The Sazerac House4.92.1 mi
- The National WWII Museum4.82.6 mi
- French Market4.51.8 mi
- Audubon Aquarium4.42.3 mi
- Audubon Zoo4.55 mi
- Jackson Square4.71.8 mi
- The National WWII Museum4.82.6 mi
- Jackson Square4.71.8 mi
- Napoleon House4.61.9 mi
- New Orleans Museum of Art4.71 mi
- The Sazerac House4.92.1 mi
- Jackson Square4.71.8 mi
- New Orleans City Park4.81.8 mi
- Louis Armstrong Park4.51.4 mi
- Audubon Park4.74.8 mi
- Lafreniere Park4.78.2 mi
- New Orleans RV Resort & Marina4.24.1 mi
- Mid City Yacht Club4.51.8 mi
- Southern Yacht Club4.53.9 mi
- Seabrook Harbor & Marine4.54.1 mi
- Eddie Pinto's Marina & Seafood4.48.3 mi
- TPC Louisiana4.68.5 mi
- Bayou Oaks At City Park42.5 mi
- Golf Club at Audubon Park4.44.6 mi
- Chateau Golf & Country Club4.511 mi
- Loft18 Metairie4.54.6 mi
- Lakeside Shopping Center4.45 mi
- French Market4.51.8 mi
- Riverwalk Outlets4.42.6 mi
- Rouses Market4.52.2 mi
- Ross Dress for Less4.22.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).