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📊 Louisiana · Housing Market 2026

New Orleans Housing Market Data 2026

Median prices, cap rates, rent benchmarks, and investment outlook for New Orleans, Louisiana — data sourced from Zillow, HUD FMR, and Census ACS.
🟡 Moderate Market Median Price:$248,000 Cap Rate:7.1% Vacancy:7.8% 12-Mo Outlook:▼ Bearish
$248,000
Median Home Price
YoY: +0.8%
7.1%
Avg Cap Rate
Cash-on-cash: 6.3%
$1,720
Median Rent (2BR/mo)
YoY: +0.5%
7.8%
Vacancy Rate
High — watch carefully
52 days
Days on Market
Moderate pace
$248,000 / 7.1%
Price / Cap Rate
🟡 Moderate Market

📈 Market Analysis — New Orleans, LA

**2026 New Orleans Real Estate Market Analysis**

The New Orleans residential market in 20

🔮 12-Month Predictive Outlook View All Markets →

Price Trend
▼ Bearish
12-mo forecast: $248,788
Confidence: 92%
Rent Growth
▼ Declining
12-mo forecast: $1,726/mo
Confidence: 90%
Emerging Score
55/100
Confidence: 92%
Price Momentum +0.8% YoY (national: +2.3%)
Days on Market 52 days (national avg: 38)
Predictions are rule-based forecasts based on price momentum, rent data, vacancy trends, and population growth. Not investment advice. See full rankings →

🏘️ Rent Breakdown — HUD Fair Market Rents

HUD Fair Market Rent represents the 40th percentile of gross rents paid by recent movers in New Orleans. Used as a benchmark for Section 8 voucher limits and rental market analysis.

Bedroom Count Monthly Rent (HUD FMR) Annual Rental Income Est. Cap Rate at Median Price
1 Bedroom $1,320/mo $15,840/yr 4.5% est.
2 Bedrooms $1,720/mo $20,640/yr 5.8% est.
3 Bedrooms $2,290/mo $27,480/yr 7.8% est.
* Estimated cap rate uses the 70% rule (30% reserved for expenses). Actual cap rates vary by property and management style.

💰 Cost of Investing in New Orleans

Cost ItemRate / AmountEst. Annual CostMonthly Cost
Property Tax 0.5% effective rate $1,265 $105/mo
Homeowners Insurance Louisiana avg premium $2,900 $242/mo
Total Tax + Insurance Based on median home price of $248,000 $347/mo

These figures reflect state-level averages. Property tax rates vary by county; insurance costs vary by property type, age, and claims history. Source: Tax Foundation (2025), NAIC (2024).

⚖️ How New Orleans Compares to National Averages

Avg Cap Rate
7.1%
National avg: 5.5%
✓ Above average
Median Home Price
$248,000
National avg: $371,696
✓ More affordable
Vacancy Rate
7.8%
National avg: 7.6%
Above avg vacancy
2BR Median Rent
$1,720/mo
National avg: $1,753/mo
Days on Market
52 days
National avg: 38 days
Price Growth YoY
+0.8%
National avg: +2.3%

National averages calculated across all 69 tracked US investor markets. A cap rate above the national average suggests stronger cash flow potential relative to purchase price.

🗺️ Nearby Markets in Louisiana

No other markets in this state.

View all Louisiana markets →
Related Guides & Resources
BRRRR Strategy Guide Vacancy Rate Calculator Rental Yield Calculator Market Rankings Best Market Data Tools All Markets
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