How much does it cost to buy a house in New Orleans, LA?

In June 2026 New Orleans homes were listed to buy for a median price of $325K, which is a 7% decrease to May 2025 last month, and a 7% decrease to June 2025 last year. The median value of a home listed to buy in New Orleans in June 2026 was $189 per sqft, which is a 6% decrease to May 2025 last month, and a 6% decrease to June 2025 last year.

Is it affordable or expensive to live in New Orleans, LA?

It is affordable to live in New Orleans. Buying a home in New Orleans is 1% less expensive compared with the national average.

Is it a good time to buy property in New Orleans, LA?

Yes now is a good time to buy property in New Orleans, in June 2026, homes in New Orleans have decreased in value (price per sqft) by 6% in the last year compared with June 2025.

Is the New Orleans, LA housing market slowing down?

The housing market in New Orleans is slowing down. In June 2026, homes to buy in New Orleans spent an median 81 days on the market, a 1% decrease from June 2025 last year.

What are the best and safest places to live in New Orleans, LA?

The best and safest neighborhoods to live in New Orleans in June 2026 are Audubon, Garden District, Lakewood, Uptown, Irish Channel, City Park, Central Business District, Marigny, French Quarter, Algiers Point, West End, Lower Garden District, Broadmoor, Seventh Ward, Gentilly Terrace, English Turn, Holy Cross, Old Aurora, Gentilly Woods, Hollygrove

How much money should I make to buy a house in New Orleans, LA?

In June 2026, New Orleans homes were listed to buy for a median price of $325K, with 25% down you would need $1.68K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $57.8K.

Is it a good time to sell my house in New Orleans, LA?

Yes now is a good time to sell your house in New Orleans, in June 2026, homes in New Orleans have decreased in value (price per sqft) by 6% in the last year compared with June 2025.