Property Prices in New Orleans, LA, United States

Index Info
Price to Income Ratio: 4.06
Mortgage as Percentage of Income: 35.39%
Loan Affordability Index: 2.83
Price to Rent Ratio - City Centre: 13.20
Price to Rent Ratio - Outside of Centre: 5.42
Gross Rental Yield (City Centre): 7.57%
Gross Rental Yield (Outside of Centre): 18.46%
Rent Per Month
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1 Bedroom Apartment in City Centre $1,870.00 1,500.00-2,000.00
1 Bedroom Apartment Outside of City Centre $1,180.78 847.00-1,500.00
3 Bedroom Apartment in City Centre $3,053.33 2,000.00-3,500.00
3 Bedroom Apartment Outside of City Centre $2,069.00 1,671.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre $479.48 178.00-526.76
Price per Square Feet to Buy Apartment Outside of Centre $128.11 111.48-183.02
Salaries And Financing
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Average Monthly Net Salary (After Tax) $4,025.47
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.17 5.00-7.03

These data are based on 109 entries from 16 contributors over the past 18 months.
Last update: 5 June 2026

Sources and References
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