New Orleans

LouisianaNew Orleans-Metairie MSA

Real Estate Market Analysis

Q3 2025 Report
$332,200 (June 2025)
Median Home Price
~376,000 (city); ~1.27 million (metro area)
Population
$47,000 (city, 2024 estimate)
Median Income
C+ to B- (NOLA Public Schools, 2024-2025)
School District Rating

Market Overview

Property Values

$332,200 (June 2025)
Median Home Price
$192 (June 2025)
Price per Sq Ft
+1.6% (median sold price); -3.9% (average home value)
YoY Change

Market Performance

Days on Market51 days median to pending (June 2025)
Market TypeBalanced to slightly cooling; inventory and days on market rising
Months of SupplyData not explicitly stated; inventory up 5.1% MoM to 3,463 homes (June 2025)

Sales Activity

Sales Volume369 homes sold in June 2025 (+6.6% MoM)
Metro AreaNew Orleans-Metairie MSA
Population~376,000 (city); ~1.27 million (metro area)

Economic Indicators

Employment & Growth

Unemployment Rate~5.3% (metro area, May 2025 estimate)
Job Growth Rate~1.2% YoY (2024-2025 estimate)
Median Household Income$47,000 (city, 2024 estimate)

Major Employers

  • Ochsner Health System
  • Louisiana State University Health Sciences Center
  • Tulane University
  • Entergy
  • LCMC Health
  • Port of New Orleans

Demographics

~376,000 (city); ~1.27 million (metro area)
Population
37.2 years (2024 estimate)
Median Age
Slight decline (~-0.3% YoY, 2024-2025)
Population Growth
~34% bachelor’s degree or higher (city)
Education Level

Family Composition

~41% family households; high share of singles and renters

Key Industries

HealthcareEducationTourism & HospitalityEnergyPort/Logistics

Education

School District

C+ to B- (NOLA Public Schools, 2024-2025)
District Rating

Top Schools

  • Benjamin Franklin High School
  • Lusher Charter School
  • Lake Forest Charter School

Higher Education

  • Tulane University
  • Loyola University New Orleans
  • University of New Orleans
  • Xavier University of Louisiana

Infrastructure & Development

Major Projects

  • New Orleans International Airport terminal expansion
  • Downtown riverfront redevelopment
  • Resilience and flood mitigation upgrades

Transportation

  • Streetcar line enhancements
  • Road and bridge repairs (I-10, Crescent City Connection)

Planned Developments

  • Mixed-use projects in CBD and Bywater
  • Affordable housing initiatives

Lifestyle & Amenities

Recreation

  • City Park
  • Audubon Park
  • Mississippi Riverfront

Dining & Entertainment

  • French Quarter restaurants
  • Magazine Street bars/cafes
  • Live music venues

Cultural Attractions

  • National WWII Museum
  • New Orleans Museum of Art
  • Historic French Quarter

Investment Analysis

Investment Opportunities

  • Rising rental demand in core neighborhoods
  • Short-term rental (STR) potential in tourist zones
  • Value-add multifamily and historic property rehabs

Growth Outlook

Moderate; stable rental demand, but home price appreciation is subdued

Market Risks

  • Softening home values in some segments
  • Stringent STR regulations
  • Flood risk and insurance costs

Rental Market

Strong demand, especially for 2-3 bedroom units; median rent ~$1,400/mo

Marketing Intelligence

Target Demographics

  • Young professionals
  • Medical and university staff
  • Investors (STR and long-term)
  • Retirees seeking culture/amenities

Marketing Channels

  • Zillow/Realtor.com
  • Instagram/Facebook
  • Local real estate events

Pricing Strategies

List slightly below recent comps to drive interest; expect negotiation room

Common Objections & Response Strategies

Objection: Flood insurance is expensive or hard to get

Response Strategy:

Provide quotes from multiple insurers and highlight properties in lower-risk flood zones or with mitigation upgrades.

Objection: Concerns about crime rates

Response Strategy:

Share neighborhood-level crime data and highlight community initiatives and security features.

Objection: Aging homes and infrastructure

Response Strategy:

Point out recent renovations, city infrastructure investments, and available home warranties.

Professional Recommendations

1

Educate buyers on flood insurance and mitigation.

2

Price listings competitively and prepare for longer marketing times.

3

Leverage digital marketing and local partnerships.

4

Stay updated on STR regulations and city development plans.

5

Highlight unique cultural and lifestyle amenities in all marketing.

Competitive Analysis

Comparable Markets

  • Memphis, TN
  • Birmingham, AL
  • Houston, TX (inner city)

Market Positioning

Attractive for investors and lifestyle buyers seeking culture and rental yield, but less appreciation than Sunbelt boomtowns

Competitive Advantages

  • Unique culture and tourism draw
  • Strong rental demand
  • Historic architecture

Price Comparison

Median home price below national average; more affordable than Austin, Nashville, or Atlanta

Investment Metrics

5.5%–7% (multifamily, 2025)
Cap Rates
~6% gross yield (median)
Rental Yields
~14–16
Price-to-Rent
Positive cash flow possible in core neighborhoods with strong rental demand
Cash Flow
Flat to +1% over next 12 months
Appreciation

Buyer Journey Insights

First-Time Buyers

Favorable conditions with more inventory and less competition; down payment assistance available.

Move-Up Buyers

Opportunity to negotiate on higher-end homes as luxury segment softens.

Downsizers

Good selection of condos/townhomes in walkable areas; consider HOA fees and flood risk.

Investors

Attractive cap rates and rental yields, but diligence needed on STR rules and insurance costs.

Relocators

Appealing lifestyle and affordability, but must assess flood zones and commute options.

This city analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

Related Market Intelligence

Explore connected markets and opportunities