Market Intelligence · LA / New Orleans

New Orleans, LA 70116 Housing Market

The typical home value in New Orleans, LA 70116 is $310,807, up 5.1% over the past year as of 2026-08-01. The median list price is $387,000, and homes are taking a median of 117 days on market.

Updated August 2026Median value$311K

The median home value in New Orleans, LA 70116 is $311K as of August 2026, up 5.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 70116 range

$286K to $336K

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

+5.1% over 12 months

Typical home value in 70116 over the last 12 months: $296K in Aug 2025 to $311K in Aug 2026 (+5.1%).

Aug 2025$296K

Aug 2026$311K

The numbers

What is the 70116 housing market like?

Typical home value

$311K

Up5.1%YoY

Median list price

$387K

Flat0.0%MoM

Days on market

117

Up20.6%MoM

Homes for sale

175

Down1.1%MoM

Price cuts

9.2%

Down21.1%MoM

New listings

24

Down20.0%MoM

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

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The comparison

How do 70116 home prices compare?

  • 70116$310,807
  • New Orleans$261,620
  • Louisiana$189,166
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (New Orleans: 19 ZIPs; Louisiana: 345 ZIPs; United States: 26,265 ZIPs).

Context

There were 175 homes for sale in 70116 as of 2026-08-01, with 24 new listings added. The median list price sits at $387,000, well above the typical home value of $310,807, which is up 5.1% over the past year. Homes are spending a median of 117 days on market, a slow pace by most standards. Only 9.2% of listings had a price cut. For a seller, the data points to rising values but patient buyers, so pricing realistically from the start matters more than testing the top of the range.

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