Market Intelligence · LA / New Orleans

New Orleans, LA 70116 Housing Market

Typical homes in New Orleans, LA 70116 are valued at $307,335, up 5.4% over the past year. The median list price stands at $360,500, with homes spending a median of 107 days on the market.

Updated September 2026Median value$307K

The median home value in New Orleans, LA 70116 is $307K as of September 2026, up 5.4% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 70116 range

$283K to $332K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+5.4% over 12 months

Sep 2025$292K

Low $292KHigh $307K

Sep 2026$307K

The numbers

What is the 70116 housing market like?

As of September 2026

Typical home value

$307K

5.4%YoY

Median list price

$361K

6.8%MoM

Days on market

107

8.5%MoM

Homes for sale

172

1.7%MoM

Price cuts

11.0%

19.0%MoM

New listings

16.7%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

70116 housing market forecast 2027

-0.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 70116 to fall 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in 70116 rose 5.4%, per the Zillow Home Value Index.

Will home prices drop in 70116?

Zillow's forecast says they may: it expects typical home values in 70116 to fall 0.8% by September 2027, after a 5.4% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 70116 home prices compare?

70116$307,335
New Orleans$254,224
Louisiana$184,621
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (New Orleans: 19 ZIPs; Louisiana: 345 ZIPs; United States: 26,262 ZIPs).

Context

The 70116 ZIP code has 172 homes for sale as of September 2026, with 28 new listings added that month. The median days on market of 107 suggests a measured pace of sales activity. About 11.0% of listings have seen price reductions, which is modest considering the area's year-over-year appreciation. For sellers, the data points to a market where modest price cuts are sometimes needed to move inventory, even as underlying values have climbed.

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Down payment20% · $61,467

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Common questions

What people ask us.

What is the typical home value in 70116?

Typical home value in 70116 is $307,335, which has increased 5.4% over the past year.

How long do homes typically stay on the market in 70116?

The median time on market is 107 days as of September 2026.

What share of homes have received price cuts in 70116?

About 11.0% of listings carry a price reduction.

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