Market Intelligence · LA / New Orleans

New Orleans, LA 70122 Housing Market

The typical home in 70122 is worth $219,813, down 3.7% over the past year. The median list price stands at $299,125, with homes spending a median 69 days on market as of September 2026.

Updated September 2026Median value$220K

The median home value in New Orleans, LA 70122 is $220K as of September 2026, down 3.7% 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 70122 range

$202K to $237K

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

-3.7% over 12 months

Sep 2025$228K

Low $220KHigh $228K

Sep 2026$220K

The numbers

What is the 70122 housing market like?

As of September 2026

Typical home value

$220K

3.7%YoY

Median list price

$299K

0.3%MoM

Days on market

15.9%MoM

Homes for sale

142

2.1%MoM

Price cuts

16.3%

11.5%MoM

New listings

16.7%MoM

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

The outlook

70122 housing market forecast 2027

-0.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 70122 to stay roughly flat by September 2027 (down 0.4%).

Over the 12 months through September 2026, typical home values in 70122 fell 3.7%, per the Zillow Home Value Index.

Will home prices drop in 70122?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 70122 to stay roughly flat by September 2027 (down 0.4%), after a 3.7% 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 70122 home prices compare?

70122$219,813
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

New Orleans 70122 has 142 homes for sale with 42 new listings arriving in September 2026. The median list price of $299,125 sits well above the typical home value of $219,813, suggesting many sellers are pricing optimistically. At 69 days on market, homes are taking time to find buyers. With 16.3% of listings carrying a price cut, the market is signaling that sellers may need to adjust expectations or be prepared for a longer sales process.

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Down payment20% · $43,963

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Common questions

What people ask us.

What is a typical home worth in 70122?

The typical home value in 70122 is $219,813, down 3.7% over the past year as of September 2026.

How long do homes stay on the market here?

The median days on market is 69 as of September 2026.

How many homes are currently for sale in 70122?

There are 142 homes for sale as of September 2026, with 42 new listings that month.

Discover

Nearby ZIP markets.

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