Market Intelligence · LA / New Orleans

New Orleans, LA 70118 Housing Market

The typical home in New Orleans 70118 is valued at $353,788, down 0.3% over the past year. The median list price stands at $350,000, with homes taking a median of 65 days to sell as of September 2026.

Updated September 2026Median value$354K

The median home value in New Orleans, LA 70118 is $354K as of September 2026, down 0.3% 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 70118 range

$325K to $382K

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

-0.3% over 12 months

Sep 2025$355K

Low $354KHigh $357K

Sep 2026$354K

The numbers

What is the 70118 housing market like?

As of September 2026

Typical home value

$354K

0.3%YoY

Median list price

$350K

0.0%MoM

Days on market

8.5%MoM

Homes for sale

116

7.4%MoM

Price cuts

17.3%

16.2%MoM

New listings

66.7%MoM

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

The outlook

70118 housing market forecast 2027

-1.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 70118 to fall 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in 70118 fell 0.3%, per the Zillow Home Value Index.

Will home prices drop in 70118?

Zillow's forecast says they may: it expects typical home values in 70118 to fall 1.1% by September 2027, after a 0.3% decline 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 70118 home prices compare?

70118$353,788
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

As of September 2026, there are 116 homes for sale in 70118, with 40 new listings added recently. The median time on market is 65 days, indicating steady but unhurried pace of sales. Nearly one in six active listings, specifically 17.3%, have seen a price cut. The slight year-over-year decline in typical home value combined with this price-cut activity suggests the market is favoring buyers right now. Sellers should expect to price competitively and be prepared for negotiation.

Monthly payment

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Home price

Down payment20% · $70,758

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in 70118?

The typical home value is $353,788, down 0.3% over the past year as of September 2026.

How many homes are currently for sale in 70118?

There are 116 homes for sale as of September 2026, with 40 new listings during that period.

How long do homes typically stay on the market in 70118?

The median days on market is 65 as of September 2026.

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Nearby ZIP markets.

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