New Orleans-Metairie, LA · Louisiana
Orleans Parish
ZIP 70131
376,035 residents890 permits TTM$55,339 median HHI20 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$296,400
ACS 5-Year
Cap rate proxy
4.9%
FMR × 0.65 ÷ Home Value
Rent-to-income
26.3%
HUD FMR ÷ ACS HHI
Net migration
+1.93%
IRS SOI
Permits (TTM)
890
Census BPS
Climate risk
98.3
FEMA NRI (0–100)
ZIP 70131
Median home value
—
Gross yield
—
Cap rate
8.1%
Rent gap
—
Affordability
P/I: 3.7R/I: 30.4%
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown20 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 70126 | — | — | — | 12.1% | — |
| 70114 | — | — | — | 10.8% | — |
| 70127 | — | — | — | 10.3% | — |
| 70129 | — | — | — | 10.1% | — |
| 70117 | — | — | — | 10.0% | — |
| 70128 | — | — | — | 8.4% | — |
| 70122 | — | — | — | 8.3% | — |
| 70131 | — | — | — | 8.1% | — |
| 70113 | — | — | — | 7.7% | — |
| 70125 | — | — | — | 7.1% | — |
| 70112 | — | — | — | 7.1% | — |
| 70119 | — | — | — | 6.7% | — |
| 70116 | — | — | — | 6.7% | — |
| 70118 | — | — | — | 5.4% | — |
| 70130 | — | — | — | 4.9% | — |
| 70139 | — | — | — | 4.9% | — |
| 70148 | — | — | — | 4.9% | — |
| 70163 | — | — | — | 4.9% | — |
| 70124 | — | — | — | 4.6% | — |
| 70115 | — | — | — | 4.0% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
50.5%
Census ACS
Vacancy rate
20.4%
Census ACS
Bachelor's degree +
42.0%
Census ACS
Rent burdened
52.5%
Census ACS (>30% income)
Median age
38.4
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026