New Orleans, LA Real Estate
According to census data in the year 2000 there were 215,091 housing units in New Orleans.
This represents a 4.6% decline from 225,573 in 1990.
Of those housing units, 213,209 were located in either urbanized areas or urban clusters, and 1,882 were located in what is classified as a rural area.
Homeownership rate in New Orleans is about 46.5%.
New Orleans's vacancy rate, including seasonal lodging, is about 12.5%.
Average household size is 2.48 people.
The majority of houses, apartments or condos in New Orleans were built after 1954.
|Housing Units by Size|
|Five Bedrooms or more||2.60%|
Owned Homes, Apartments and Condos
|Average Household Size||2.64|
|Median year structure was built||1955|
|Median Value of occupied units||$87,300|
|Median Price asked for vacant units||$72,300|
Rented Homes, Apartments and Condos
|Average Household Size||2.34|
|Median year structure was built||1954|
|Median Monthly Rent asked for vacant units||$380|
Owners Finance Status
|Second Mortgage & Equity Loan||0.20%|
|Home Equity Loan||4.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||19.4%|