Home/Louisiana/Orleans Parish

Orleans Parish Housing Market

Louisiana · 64 counties · Ranked #2638 in home value

Above National Avg

Housing at a Glance

Median Home Value

$296,400

vs national+$296,400 vs $281,900 national

Median Gross Rent

$1,211/mo

vs national+$1,211 vs $1,163 national

Effective Tax Rate

0.82%

vs national0.82% vs 1.02% national

Median Household Income

$55,339

vs national$55,339 vs $74,755 national

Affordability Ratio

5.4x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

35.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,428

Tax as % of Home Value

0.82%

Monthly Owner Cost

$1,404

Renter Income

$33,383

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Similar Counties by Home Value

Grand Traverse County

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Frequently Asked Questions

What is the median home value in Orleans Parish?

The median home value in Orleans Parish is $296,400. This is above the national median of $281,900.

How much is rent in Orleans Parish?

The median gross rent in Orleans Parish is $1,211 per month.

What is the property tax rate in Orleans Parish?

The effective property tax rate in Orleans Parish is 0.82%. The median annual property tax bill is $2,428.

Is Orleans Parish affordable?

With a home-value-to-income ratio of 5.4x, Orleans Parish is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.