Property Prices in New Orleans, LA, United States

Index Info
Price to Income Ratio: 3.04
Mortgage as Percentage of Income: 27.57%
Loan Affordability Index: 3.63
Price to Rent Ratio - City Centre: 6.70
Price to Rent Ratio - Outside of Centre: 8.07
Gross Rental Yield (City Centre): 14.92%
Gross Rental Yield (Outside of Centre): 12.39%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,788.46 $ 1,500.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,165.38 $ 950.00-1,500.00
Apartment (3 bedrooms) in City Centre 3,133.33 $ 2,500.00-3,800.00
Apartment (3 bedrooms) Outside of Centre 2,165.38 $ 1,900.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 239.99 $ 184.97-450.00
Price per Square Feet to Buy Apartment Outside of Centre 193.49 $ 178.00-200.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,836.51 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.67 6.19-7.03

These data are based on 147 entries in the past 18 months from 32 different contributors.
Last update: March 2025

Sources and References
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