Aug 2026
$344K
-1.8% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
New Orleans, LA
Daily-refreshed real estate signals + Three-Opinion home-price methodology for New Orleans, LA. Built for agents; free to read.
New Orleans, LA’s median sale price is $344K as of Aug 2026 — -1.8% year over year. Pecan Street tracks New Orleans with its Three-Opinion home-price methodology (Redfin, FHFA HPI, and Zillow ZHVI), and is flagging 1 market signal here right now.
Headline
Sep 18, 2026
7.04%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$1,837/mo
$79K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How New Orleans compares to other U.S. metros
| Days on market | ↑8th of 194 (top 5%) |
|---|---|
| Price cuts | ↓167th of 194 |
| Home-price growth | ↓167th of 195 |
| Price-to-rent | ↑67th of 195 (top 35%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 17 +9.1% YoY ↑67th of 195 (top 35%) |
|---|---|
| Asking price / sq ft | $175 -5.0% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 28% +0.2 pts YoY ↓167th of 194 |
|---|---|
| New housing units permitted | 120 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Aug 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Jul 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 12 shown of 77 |
|---|---|
| MLS board of record | New Orleans Metropolitan Association of REALTORS |
| Price methodology | Three-Opinion · Redfin · FHFA HPI · Zillow ZHVI |
| Data as of | Aug 2026 |
Recent signals
Strength 4 / 5
6.6 mo
New Orleans supply now 6.6 months — buyer's market
Six-plus months of supply in New Orleans — this is a buyer's market by the textbook definition.
Price reconciliation
red · 4.5ppRedfin (city) -1.8% | FHFA HPI · Q2 2026 +2.7% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
Market dispatches
Citable market dispatches for New Orleans → Latest dispatch: Sep 18, 2026.
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Start free trialZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 70001 | $325K↓ | 125↓ | 36↑ | 44↓ | 58↓ | $324K↑ |
| 70003 | $280K↓ | 160↓ | 48↑ | 72↑ | 54↓ | $279K↑ |
| 70058 | $256K↑ | 128↑ | 32↑ | 20↓ | 89↑ | $234K↑ |
| 70065 | $290K↑ | 167↑ | 44↓ | 56↑ | 76↑ | $283K↑ |
| 70072 | $225K↓ | 190↑ | 52↓ | 68↑ | 79↑ | $228K↑ |
| 70116 | $387K↓ | 175↓ | 24↑ | 20↓ | 117↑ | $313K↑ |
| 70117 | $219K↓ | 158↓ | 28↓ | 60↑ | 105↓ | $175K↓ |
| 70122 | $300K↓ | 145↓ | 36↑ | 36↓ | 82 | $220K↓ |
| 70130 | $399K↓ | 181↑ | 20↑ | 40↑ | 103↑ | $440K↑ |
| 70433 | $439K↑ | 263↓ | 60↓ | 92↓ | 72↑ | $342K↑ |
| 70458 | $280K↑ | 259↓ | 68↑ | 80↓ | 71↑ | $219K↓ |
| 70461 | $315K↑ | 197↓ | 52↓ | 64↓ | 75↑ | $270K↓ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.