Uptown New Orleans - New Orleans LA Real Estate - 814 Homes For Sale | Zillow (2024)

FAQs

Are home prices dropping in New Orleans? ›

New Orleans, LA housing market

The median listing home price in New Orleans, LA was $359.9K in June 2024, trending down -2.7% year-over-year. The median listing home price per square foot was $222. The median home sold price was $470K.

Bottom Line. Generally speaking, the New Orleans real estate market currently offers many opportunities to those looking for affordable housing. The market forecast suggests prices will keep going down, and since demand stays relatively stable, you are likely to find a good deal for your next home.

As of February 2022, the average home price in New Orleans is approximately $330,000. However, this number doesn't tell you the properties' condition and location. We have many areas that still offer “affordable” housing, while in some areas, $330k would only get you a piece of land.

Uptown was developed during the 19th century, mostly from land that had been plantations in the Colonial era. Several sections were developed as separate towns, like Lafayette, Jefferson City, Greenville, and Carrollton. For much of the 19th century most of what is now Uptown belonged to Jefferson Parish.

Housing (Buy and Rent)

The average monthly rent in New Orleans is $1,375, while home prices circle around $386,021. Thinking of moving? New apartments in New Orleans, LA are waiting for you. Start your search here!

Zillow expects New Orleans home values to fall by another 6% in 2024, along with a drop in the city's owner-occupied households. But New Orleans certainly isn't the only city where home value growth is slowing.

Garyville. #1 Suburbs with the Lowest Cost of Living in New Orleans Area.

French Quarter, New Orleans:

The French Quarter is undoubtedly one of the most iconic neighborhoods in New Orleans. Known for its historic architecture, vibrant nightlife, and world-famous cuisine, this neighborhood offers a unique living experience.

If an individual follows the rule of 50-30-20 for budgeting i.e. 50% spent on necessities, 30% for discretionary expenses, and the remaining 20% as saving, then, you could comfortably live in New Orleans. The minimum salary one must earn to spend a comfortable life in New Orleans is $60782 annually.

editorial. Uptown is a neighborhood in New Orleans, Louisiana with a population of 6,072. Uptown is in Orleans Parish and is one of the best places to live in Louisiana. Living in Uptown offers residents a dense suburban feel and most residents own their homes.

What are the demographics of Uptown New Orleans? ›

What is the population of Uptown New Orleans? There are 33,069 residents in Uptown New Orleans, with a median age of 39.6. Of this, 49.61% are males and 50.39% are females. US-born citizens make up 93.49% of the resident pool in Uptown New Orleans, while non-US-born citizens account for 4.05%.

Tremé is the oldest African-American neighborhood in the United States, and the site of many major events that have shaped the course of Black America in the past two centuries. Filled with incredible history in terms of culture, music, and more, Tremé is arguably the most significant neighborhood in the whole city.

In America, there is currently a housing shortage of 7 million affordable homes for families on the poverty line. Additionally, 57% of lower-income families report that affordable housing is a major issue in their area. This number rises to a whopping 66% for low-income families in urban areas like New Orleans.

State of play: Columbus, Ohio; Indianapolis; Providence, Rhode Island; Atlanta; Charlotte, North Carolina; Orlando, Florida; and Tampa, Florida, also top this year's ranking of Zillow's hottest housing markets of 2024. Meanwhile, New Orleans, San Antonio, Denver, Houston and Minneapolis sit at the bottom.

Home prices in Louisiana are rising and will continue to rise till the supply-demand dynamic changes. The number of houses for sale in LA was only 13,436 in January 2024. There is very limited inventory to satiate the demand from house hunters.

Louisiana has an affordability score of 5.3, meaning it takes 5.3 years of the median household income ($50,800) to afford Louisiana's median home sale price ($267,600). Because of this, we rank Louisiana as the 13th most affordable state for buyers based strictly on prices compared to income.