New Orleans
Louisiana · Ranked #62 of 102 metros
42Moderate
Median Home Price
🏠$280K
Need $80K income
Median Rent
🔑$1K
Need $50K income
Housing Shortage
📉28,000
units needed
Building Permits
🔨5,500
annual
Median Income
💰$49K
Pop: 1,271,651
Rent Burden
⚠️37.0%
of renters paying >30%
Price Change (YoY)
📈+2.5%
Homeownership
🏡52.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | New Orleans | National |
|---|---|---|
| Price-to-Income Ratio | 5.7x | 6.1x |
| Rent Burden | 37.0% | 31.5% |
| Homeownership Rate | 52.0% | 65.5% |
| YoY Price Change | +2.5% | +3.5% |
| YoY Rent Change | +2% | +2.8% |
| Mortgage Denial Rate | 18.0% | 13.5% |
| Eviction Rate | 5.5% | 3.6% |