Property Prices in New Orleans, LA, United States

Index Info
Price to Income Ratio: 3.27
Mortgage as Percentage of Income: 29.56%
Loan Affordability Index: 3.38
Price to Rent Ratio - City Centre: 7.33
Price to Rent Ratio - Outside of Centre: 8.58
Gross Rental Yield (City Centre): 13.64%
Gross Rental Yield (Outside of Centre): 11.66%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,700.00 $ 1,400.00-2,300.00
Apartment (1 bedroom) Outside of Centre 1,103.62 $ 879.00-1,500.00
Apartment (3 bedrooms) in City Centre 3,212.86 $ 2,890.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,125.00 $ 1,900.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 258.33 $ 250.00-300.00
Price per Square Feet to Buy Apartment Outside of Centre 197.85 $ 184.97-200.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,752.42 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.63 6.19-6.80

These data are based on 101 entries in the past 18 months from 19 different contributors.
Last update: April 2024

Sources and References
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