Market Intelligence · LA / New Orleans

New Orleans, LA 70116 Housing Market

The typical home value in New Orleans 70116 is $317,962, up 3.2% over the past year. The median list price sits at $387,000, and homes are taking a median of 85 days on market as of June 2026.

Updated June 2026Median value$318K

The median home value in New Orleans, LA 70116 is $318K as of June 2026, up 3.2% 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

$293K to $343K

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

+3.2% over 12 months

Typical home value in 70116 over the last 12 months: $308K in Jun 2025 to $318K in Jun 2026 (+3.2%).

Jun 2025$308K

Jun 2026$318K

The numbers

What is the 70116 housing market like?

Typical home value

$318K

Up3.2%YoY

Median list price

$387K

Days on market

85

Down46.5%MoM

Homes for sale

183

Price cuts

15.3%

New listings

20

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 70116 home prices compare?

  • 70116$317,962
  • New Orleans$266,465
  • Louisiana$188,775
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (New Orleans: 19 ZIPs; Louisiana: 345 ZIPs; United States: 26,270 ZIPs).

Context

As of June 2026, there are 183 homes for sale in the 70116 ZIP code, with 20 new listings added recently. The median list price is $387,000, while the typical home value stands at $317,962, up 3.2% over the past year. With a median of 85 days on market and 15.3% of listings showing a price cut, buyers are taking their time. Sellers here should plan for a longer timeline and price carefully to match current demand.

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