The story of this market
The typical home in ZIP 70163 sells for about $425,000, or $315 per square foot.
Prices are down 2.4% from a year ago, which gives buyers more room to negotiate. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 70163 — New Orleans
The 70163 housing market is currently experiencing a period of price stabilization following years of rapid appreciation. High interest rates and insurance costs are tempering buyer demand, leading to a slight increase in inventory and a more balanced market environment compared to previous years.
This ZIP is best suited for urban professionals, investors interested in the hospitality sector, and those seeking a high-amenity, walkable lifestyle in the heart of New Orleans.
Median prices moved down 2.4% year over year.
Homes spend a median of 58 days on market with 6.2 months of supply — a balanced-paced market.
19% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 11.0% — 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 3.6%/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 3.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 70163, Orleans Parish, LA
The Central Business District experiences higher rates of property crime typical of dense urban cores, though violent crime remains concentrated in specific corridors.
Public schools serving this area are part of the Orleans Parish School Board, with performance varying significantly across the district's charter-heavy landscape.
The area is subject to significant flood risk due to its low elevation and proximity to the Mississippi River, necessitating mandatory flood insurance for most properties.
Economic momentum is driven by tourism, hospitality, and ongoing revitalization projects in the downtown core, though large-scale residential development is constrained by historic density.
Property taxes are assessed by Orleans Parish based on a millage rate system; homestead exemptions are available for primary residences, and commercial properties are taxed at a higher assessment ratio.
Residents in this ZIP enjoy high walkability and proximity to major employment hubs in the CBD, with extensive access to streetcar and bus transit lines.
The area features immediate access to the French Quarter, Woldenberg Park along the riverfront, and numerous museums, galleries, and high-end dining establishments.
The rental market is heavily influenced by short-term rental regulations and high demand from young professionals and hospitality workers, keeping vacancy rates relatively low.
The economy is anchored by the tourism, hospitality, and convention industries, with significant support from government and professional services located in the CBD.
The area is served by the RTA streetcar system and multiple bus lines, providing robust connectivity to the wider New Orleans metropolitan area.
Development is focused on adaptive reuse of historic buildings and mixed-use infill projects within the downtown core.
The Orleans Parish Assessor's Office manages property valuations, with assessments typically updated on a four-year cycle.
Parcels are subject to various special taxing districts, including Downtown Development Districts and levee district assessments.
Property insurance premiums are high due to hurricane and flood risk, with many owners relying on the Louisiana Citizens Property Insurance Corporation as a provider of last resort.
Data retrieved from data.census.gov for ZCTA 70163.
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 Orleans3.70.1 mi
- Sky Zone Trampoline Park4.16.8 mi
- Game On Social Hub4.510.2 mi
- K1 Speed New Orleans4.66.4 mi
- Storyland4.52.8 mi
- Caesars Superdome4.60.3 mi
- New Orleans Ernest N. Morial Convention Center4.50.9 mi
- Smoothie King Center4.60.4 mi
- Preservation Hall4.70.8 mi
- The Sazerac House4.90.5 mi
- The National WWII Museum4.80.6 mi
- French Market4.51.1 mi
- Audubon Aquarium4.40.8 mi
- Audubon Zoo4.53.9 mi
- Jackson Square4.70.9 mi
- The National WWII Museum4.80.6 mi
- Jackson Square4.70.9 mi
- Napoleon House4.60.7 mi
- New Orleans Museum of Art4.72.7 mi
- The Sazerac House4.90.5 mi
- Jackson Square4.70.9 mi
- New Orleans City Park4.83.7 mi
- Louis Armstrong Park4.50.9 mi
- Audubon Park4.73.7 mi
- Lafreniere Park4.79 mi
- New Orleans RV Resort & Marina4.25.7 mi
- Mid City Yacht Club4.52.6 mi
- Southern Yacht Club4.55.7 mi
- Seabrook Harbor & Marine4.55.6 mi
- Bucktown Marina4.65.7 mi
- TPC Louisiana4.67.6 mi
- Bayou Oaks At City Park44.5 mi
- Golf Club at Audubon Park4.43.5 mi
- Chateau Golf & Country Club4.511.9 mi
- Loft18 Metairie4.55.1 mi
- Lakeside Shopping Center4.46.2 mi
- French Market4.51.1 mi
- Riverwalk Outlets4.40.9 mi
- Rouses Market4.50.3 mi
- Ross Dress for Less4.21.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Riverfront park offering scenic views and walking paths.
Historic district with world-class dining, shopping, and entertainment.
Major regional attraction located on the riverfront.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.