Property Prices in New Orleans, LA, United States

Index Info
Price to Income Ratio: 6.31
Mortgage as Percentage of Income: 46.63%
Loan Affordability Index: 2.14
Price to Rent Ratio - City Centre: 17.65
Price to Rent Ratio - Outside of Centre: 12.39
Gross Rental Yield (City Centre): 5.67%
Gross Rental Yield (Outside of Centre): 8.07%
Rent Per Month
[ Edit ] Range
Apartment (1 bedroom) in City Centre 1,413.32 $ 1,200.00-1,683.40
Apartment (1 bedroom) Outside of Centre 1,013.43 $ 750.00-1,506.00
Apartment (3 bedrooms) in City Centre 2,334.38 $ 1,800.00-3,200.00
Apartment (3 bedrooms) Outside of Centre 1,494.71 $ 1,200.00-2,000.00
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 486.80 $ 300.00-999.99
Price per Square Feet to Buy Apartment Outside of Centre 233.82 $ 111.77-500.00
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 3,073.67 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.19 3.50-5.00

These data are based on 181 entries in the past 18 months from 35 different contributors.
Last update: November 2020

Sources and References
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