The story of this market
The typical home in ZIP 70124 sells for about $696,000, or $235 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 46 days to sell. HUD's fair market rent for a two-bedroom is $2,200 a month.
ZIP 70124 — New Orleans
The 70124 housing market is showing strong resilience with steady price appreciation and high demand for family-sized homes. Low inventory levels continue to drive competitive bidding, particularly for well-maintained properties in the Lakeview area. The market sentiment is optimistic as the neighborhood remains a top choice for buyers seeking quality schools and community amenities.
This ZIP is ideal for families and professionals seeking a suburban-style community with strong schools and proximity to city amenities, while being prepared for the realities of coastal living.
Median prices moved up 3.2% year over year.
Homes spend a median of 46 days on market with 4.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 7.0% — 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 2.2%/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 1.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 70124, Orleans Parish, Louisiana
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 70124 ZIP code, encompassing the Lakeview neighborhood, generally reports lower crime rates compared to the broader New Orleans metropolitan area.
The area is served by highly-rated public schools within the Orleans Parish School Board system, with several top-performing charter and magnet options available.
The area is located in a low-lying coastal region with significant flood risk, necessitating mandatory flood insurance and adherence to strict building elevation codes.
Economic momentum is driven by the ongoing recovery and revitalization of the Lakeview commercial corridors and proximity to the New Orleans 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 typically enjoy a 20-minute commute to the New Orleans central business district via major corridors like Canal Boulevard and I-610.
The area features extensive access to City Park, the Lake Pontchartrain lakefront, and numerous local dining and shopping options along Harrison Avenue.
The rental market is characterized by high demand for single-family homes and luxury condos, with limited vacancy and upward pressure on rents.
The local economy is anchored by the broader New Orleans tourism, healthcare, and education sectors, with many residents commuting to the downtown core.
The area is primarily car-dependent, though it is well-connected to the city's bus network and major highway arteries like I-610.
Development is largely infill-focused, with strict zoning regulations to maintain the neighborhood's residential character.
The Orleans Parish Assessor's Office manages property assessments, with reassessments occurring on a four-year cycle.
Parcels are subject to Orleans Parish school and municipal taxes, along with specific levee district assessments for flood protection.
Property insurance premiums are high due to hurricane and flood exposure, with many residents relying on the National Flood Insurance Program.
Louisiana is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a residential property disclosure form detailing the condition of the home and any known defects.
Data retrieved from censusreporter.org and data.census.gov.
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 Orleans3.74.4 mi
- Sky Zone Trampoline Park4.16.6 mi
- Game On Social Hub4.57.9 mi
- K1 Speed New Orleans4.65.6 mi
- Storyland4.51.6 mi
- Caesars Superdome4.64.3 mi
- New Orleans Ernest N. Morial Convention Center4.55.1 mi
- Smoothie King Center4.64.4 mi
- Preservation Hall4.74.2 mi
- The Sazerac House4.94.6 mi
- The National WWII Museum4.85 mi
- French Market4.54.3 mi
- Audubon Aquarium4.44.8 mi
- Audubon Zoo4.56.2 mi
- Jackson Square4.74.4 mi
- The National WWII Museum4.85 mi
- Jackson Square4.74.4 mi
- Napoleon House4.64.4 mi
- New Orleans Museum of Art4.71.7 mi
- The Sazerac House4.94.6 mi
- Jackson Square4.74.4 mi
- New Orleans City Park4.80.8 mi
- Louis Armstrong Park4.53.9 mi
- Audubon Park4.76.1 mi
- Lafreniere Park4.76.8 mi
- New Orleans RV Resort & Marina4.24.2 mi
- Mid City Yacht Club4.52.5 mi
- Southern Yacht Club4.51.4 mi
- Seabrook Harbor & Marine4.54.2 mi
- Eddie Pinto's Marina & Seafood4.49.7 mi
- TPC Louisiana4.69.1 mi
- Bayou Oaks At City Park40.7 mi
- Golf Club at Audubon Park4.45.9 mi
- Chateau Golf & Country Club4.59.2 mi
- Loft18 Metairie4.53.9 mi
- Lakeside Shopping Center4.43.3 mi
- French Market4.54.3 mi
- Riverwalk Outlets4.45.1 mi
- Rouses Market4.54.6 mi
- Ross Dress for Less4.24.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A massive urban park featuring botanical gardens, golf courses, and recreational trails.
Provides extensive boating, fishing, and lakefront walking paths.
The primary commercial hub for the Lakeview neighborhood with local boutiques and restaurants.
Key-figure check: median price diverges 32.5% from the nearest retained anchor (published ten-year series (2025)) — 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 $470,000 (32.5% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $470,000 (-32.5% vs the published ten-year series (2025)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.