Orleans Parish, Louisiana home prices
Typical home $242,069 · -1.5% in a year · property tax 0.83%
The typical home in Orleans Parish is worth $242,069, 13% more than the Louisiana typical home ($213,867). Values changed -1.5% in the past year and -12.0% over five years. Homeowners here pay a median 0.83% of their home's value in property tax each year ($1,998 on the typical home), versus 0.55% statewide.
Mortgage on the typical Orleans Parish home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $48,414 | $193,655 | $1,303 | $0 | $288 | $1,590 | $68,200 |
| 10% down | $24,207 | $217,862 | $1,466 | $91 | $288 | $1,844 | $79,000 |
| 5% down | $12,103 | $229,965 | $1,547 | $96 | $288 | $1,930 | $82,700 |
| 3.5% down (FHA) | $8,472 | $237,684 | $1,599 | $107 | $288 | $1,994 | $85,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.83% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Louisiana · part of the New Orleans metro area.
Louisiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Bossier Parish | $243,131 | +1.8% | 0.64% |
| Lafayette Parish | $235,880 | +2.1% | 0.57% |
| West Baton Rouge Parish | $250,605 | +2.0% | 0.54% |
| Livingston Parish | $251,771 | +3.4% | 0.46% |
| East Baton Rouge Parish | $231,673 | +2.1% | 0.67% |
| Cameron Parish | $229,317 | +10.2% | 0.46% |
| Lincoln Parish | $224,803 | +2.5% | 0.46% |
| East Feliciana Parish | $222,588 | +0.7% | 0.15% |
| Jefferson Parish | $262,124 | +3.5% | 0.52% |
| Tangipahoa Parish | $221,760 | +1.0% | 0.41% |
Frequently asked questions
What is the average home price in Orleans Parish, LA?
The typical home value in Orleans Parish is $242,069 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Orleans Parish?
About $68,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Orleans Parish?
The median effective rate is 0.83% of home value a year (Census ACS 2024 5-year estimates).