Property Prices in New Orleans, LA, United States

Index Info
Price to Income Ratio: 5.77
Mortgage as Percentage of Income: 42.23%
Loan Affordability Index: 2.37
Price to Rent Ratio - City Centre: 15.66
Price to Rent Ratio - Outside of Centre: 8.43
Gross Rental Yield (City Centre): 6.38%
Gross Rental Yield (Outside of Centre): 11.87%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,449.72 $ 1,200.00-1,700.00
Apartment (1 bedroom) Outside of Centre 1,053.58 $ 750.00-1,540.00
Apartment (3 bedrooms) in City Centre 2,331.25 $ 1,500.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,609.41 $ 1,200.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 438.16 $ 300.00-999.99
Price per Square Feet to Buy Apartment Outside of Centre 167.69 $ 111.77-500.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,825.75 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.08 3.00-4.80

These data are based on 187 entries in the past 18 months from 36 different contributors.
Last update: June 2021

Sources and References
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