New Orleans, LA home prices
Typical home $257,067 · +1.6% in a year · income needed $69,600
The New Orleans, LA metro area ranks 429 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.6% in a year and -7.1% over five years. With 20% down at 7.11%, the typical home costs about $1,624 a month including 0.52% property tax (Jefferson Parish rate).
Mortgage on the typical New Orleans home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $51,413 | $205,654 | $1,383 | $0 | $240 | $1,624 | $69,600 |
| 10% down | $25,707 | $231,361 | $1,556 | $96 | $240 | $1,893 | $81,100 |
| 5% down | $12,853 | $244,214 | $1,643 | $102 | $240 | $1,985 | $85,100 |
| 3.5% down (FHA) | $8,997 | $252,411 | $1,698 | $114 | $240 | $2,052 | $87,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.52% 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.
Counties in the New Orleans area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Jefferson Parish, LA | $262,124 | +3.5% | 0.52% |
| Orleans Parish, LA | $242,069 | -1.5% | 0.83% |
| Saint Tammany Parish, LA | $283,848 | +0.2% | 0.71% |
| Saint Charles Parish, LA | $265,063 | +2.1% | 0.59% |
| Saint Bernard Parish, LA | $211,150 | +3.0% | 0.47% |
| Saint John the Baptist Parish, LA | $202,315 | -0.1% | 0.45% |
| Plaquemines Parish, LA | $274,996 | -1.7% | 0.5% |
| Saint James Parish, LA | $207,084 | +5.7% | 0.53% |
What can you afford in Louisiana on your salary? · Louisiana home prices · Salaries in Louisiana
Frequently asked questions
How much is a house in New Orleans?
The typical home in the New Orleans, LA metro area is worth $257,067 (Zillow, September 2026).
What salary do you need to buy a house in New Orleans?
About $69,600 a year for the typical home with 20% down at 7.11%.