2005 Josephine St · New Orleans, LA
Flood risk 8/10 · Major
- FEMA flood zone
- X
- Chance of flooding over 30 yrs
- 0.75%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,269 – $2,357
Heat risk 10/10 · Severe
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 21 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the C grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- ARV discount +15.0/15.0
- Cash flow +13.3/30.0
- Appreciation +10.0/10.0
- DSCR +4.0/10.0
- Rent growth +4.0/5.0
- Livability +4.0/5.0
- 1% rule +2.9/10.0
- Condition / age +2.5/5.0
- Schools +1.6/10.0
$215,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This is the one! Come see this cozy, updated home in the heart of the city! This charmer offers covered, gated-street parking, a lovely & spacious fenced yard, and a recently painted colorful exterior. This thoughtfully designed, open concept living space offers clean lines and a functional kitchen. Just one block to the Oretha Castle Haley corridor and convenient access to anywhere in the city. Not only is this home ascetically pleasing, the bones are great as well! 2021 vinyl windows, 2024 furnace & interior HVAC, 2018 hvac compressor, ductwork has been cleaned, 2019 kitchen upgrade, refrigerator & stove 2020/2021, new roof in 2019, landscaping in rear yard, fence 2020, underground plumbing upgrade to necessary areas 2020, electrical panel & upgraded service size 2019, outdoor paint 2024, a newer attic fan, tankless water heater 2025, and an added half bath in 2025. X flood zone!
Key facts
- Functional kitchen
- Vinyl windows
- Spacious fenced yard
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $215k.
Deal economics
- At list price, monthly cash flow is $-67 ($-799/yr) — negative.
- To cash-flow at today's rent, offer at most $203k (5.5% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $169k (21.2% below list).
- Recommended offer: $169k (21.2% below list) — sets the bar for 1% rule.
- Cap rate 6.3% vs local median 4.4% in New Orleans — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 81/100 on livability (#3 in LA, #1,383 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime C-, employment D.
- Orleans Parish (urban): math 11% / reading 27% proficiency, ranked #69 of 98 in LA (top 70%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: Rents rising fast (+6.0%/yr); 134 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
Forward outlook
- In year one you build about $23k of equity ($1k loan paydown + $22k appreciation (10.0% local appreciation)).
- Orleans County population projected at +61% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (10.0% appreciation + 6.0% rent growth), your $60k cash investment doubles in ~3 years — after that, you're playing with house money.
- By year 2, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 132 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
- 11 sale attempts since 18y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $168k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo.
- Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 132 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 0.79% ✗
- Cap rate
- 6.29%
- Cash-on-cash
- -0.00%
- DSCR
- 1.00
- GRM
- 10.6
CMA / ARV
- ARV (median comp)
- $278,722
- List price
- $215,000
- Delta
- -22.86%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 6 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2818 Saint Andrew St | 0.51mi | 2/1.0 (-1) | 984 (+4%) | 8mo | $90,000 | $91 | 58 |
| 2124 Second St | 0.30mi | 3/1.0 | 840 (-11%) | 20mo | $132,000 | $157 | 50 |
| 2308 Magnolia St | 0.45mi | 3/2.0 | 1,023 (+8%) | 15mo | $199,000 | $195 | 49 |
| 2130 1st St | 0.24mi | 3/2.0 | 1,080 (+14%) | 15mo | $170,000 | $157 | 49 |
| 1629 Washington Ave #211 | 0.54mi | 2/2.0 (-1) | 915 (-4%) | 16mo | $290,000 | $317 | 47 |
| 2113 Harmony St | 0.64mi | 2/2.0 (-1) | 1,016 (+7%) | 10mo | $289,000 | $284 | 40 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
10.0% appreciation · 5.98% rent growth · sell at horizon
- IRR
- 24.2%
- Equity multiple
- 2.96×
- Total profit
- $118,059
- Equity at exit
- $193,689
- IRR
- 22.2%
- Equity multiple
- 7.03×
- Total profit
- $362,915
- Equity at exit
- $417,698
Cash invested: $60,200 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 90 Strongly Landlord-Friendly
- State Louisiana
- 90 Strongly Landlord-Friendly · R+12
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 70113
- Rents YoY
- 6.0%
- Active inventory
- 134
- Price-to-rent
- 10.6×
Monthly cashflow live
- Estimated rent
- $1,693 high interval (Pro) →
- Mortgage (P&I)
- −$1,127
- Tax from tax record
- −$121 /mo · $1,449/yr
- Insurance
- −$90
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$356
- Net cashflow
- $-67
Break-even live
Sensitivity live
| Price | -10% $55 | -5% $-6 | +0% $-67 | +5% $-127 | +10% $-188 |
|---|---|---|---|---|---|
| Rent | -10% $-200 | -5% $-133 | +0% $-67 | +5% $0 | +10% $67 |
| Rate | -1.0pp $42 | -0.5pp $-12 | base $-67 | +0.5pp $-122 | +1.0pp $-179 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $53,750
- Closing costs
- $6,450
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2032 Saint Andrew St New Orleans, LA | 3.0 | 2.0 | 1035 | $1,830 | $1.77 | 18d | 1 | 0.04mi |
| 2119 Josephine St New Orleans, LA | 3.0 | 1.0 | 1017 | $950 | $0.93 | 22d | 1 | 0.04mi |
| 2127 Simon Bolivar Ave New Orleans, LA | 2.0 | 1.0 | 625 | $1,800 | $2.88 | 18d | 1 | 0.11mi |
| 1848 Felicity St New Orleans, LA | 2.0 | 1.0 | 1000 | $1,300 | $1.30 | 18d | 1 | 0.15mi |
| 2103 Baronne St Apt 1D New Orleans, LA | 2.0 | 1.0 | 615 | $1,450 | $2.36 | 4d | 1 | 0.15mi |
| 2013 S Liberty St Apt 202 New Orleans, LA | 2.0 | 1.0 | 750 | $1,075 | $1.43 | 12d | 1 | 0.16mi |
| 2013 S Liberty St Unit 304 New Orleans, LA | 2.0 | 1.0 | 700 | $1,095 | $1.56 | 15d | 1 | 0.16mi |
| 1827 Baronne St Unit C New Orleans, LA | 2.0 | 1.0 | 876 | $1,450 | $1.66 | 24d | 1 | 0.17mi |
| 1614 Rev John Raphael Jr Way New Orleans, LA | 3.0 | 2.0 | 1000 | $1,500 | $1.50 | 24d | 1 | 0.25mi |
| 1809 Carondelet St Unit 1809 New Orleans, LA | 2.0 | 2.0 | 1086 | $2,000 | $1.84 | 4d | 1 | 0.27mi |
| 1809 Carondelet St New Orleans, LA | 2.0 | 2.0 | 1086 | $2,200 | $2.03 | 24d | 1 | 0.27mi |
| 2225 2nd St New Orleans, LA | 3.0 | 2.0 | 1100 | $1,800 | $1.64 | 24d | 1 | 0.27mi |
| 2227 Second St New Orleans, LA | 2.0 | 2.0 | 1100 | $1,900 | $1.73 | 24d | 1 | 0.28mi |
| 1643 Josephine St New Orleans, LA | 1.0–2.0 | 1.5–2.0 | 814 | $2,249 | $2.76 | 3d | 11 | 0.28mi |
| 1824 Martin Luther King Junior Blvd Unit A New Orleans, LA | 2.0 | 1.0 | 700 | $1,400 | $2.00 | 24d | 1 | 0.29mi |
| 1824 Martin Luther King Junior Blvd Unit A New Orleans, LA | 2.0 | 1.0 | 600 | $1,400 | $2.33 | 3d | 1 | 0.29mi |
| 2503 First St New Orleans, LA | 2.0 | 1.0 | 741 | $1,200 | $1.62 | 4d | 1 | 0.34mi |
| 2503 First St New Orleans, LA | 2.0 | 1.0 | 741 | $1,200 | $1.62 | 4d | 1 | 0.34mi |
| 2605 Danneel St Unit A New Orleans, LA | 2.0 | 1.0 | 830 | $1,350 | $1.63 | 24d | 1 | 0.36mi |
| 2233 Saint Charles Ave New Orleans, LA | 2.0 | 1.0–2.0 | 637 | $2,439 | $3.83 | 2d | 1 | 0.36mi |
| 2429 Freret St New Orleans, LA | 2.0 | 1.0 | 725 | $1,300 | $1.79 | 4d | 1 | 0.37mi |
| 2100 Saint Charles Ave New Orleans, LA | 1.0–2.0 | 1.5–2.0 | 1077 | $3,500 | $3.25 | 4d | 2 | 0.38mi |
| 1811 Third St Unit 1811 New Orleans, LA | 2.0 | 1.0 | 800 | $1,450 | $1.81 | 4d | 1 | 0.38mi |
| 2222 Fourth St New Orleans, LA | 2.0 | 1.5 | 937 | $1,550 | $1.65 | 24d | 1 | 0.41mi |
| 2705 Dryades St New Orleans, LA | 2.0 | 1.0 | 1100 | $2,000 | $1.82 | 24d | 1 | 0.43mi |
| 1637 Third St Apt 2 New Orleans, LA | 2.0 | 1.0 | 580 | $1,600 | $2.76 | 24d | 1 | 0.44mi |
| 2714 Dryades St Unit A New Orleans, LA | 2.0 | 2.0 | 919 | $1,500 | $1.63 | 4d | 1 | 0.45mi |
| 2515 Erato St Unit 102 New Orleans, LA | 2.0 | 1.0 | 1000 | $2,100 | $2.10 | 22d | 1 | 0.47mi |
| 2814 Josephine St Unit B New Orleans, LA | 2.0 | 1.0 | 800 | $1,149 | $1.44 | 24d | 1 | 0.47mi |
| 2818 Saint Andrew St New Orleans, LA | 2.0 | 1.0 | 900 | $1,550 | $1.72 | 24d | 1 | 0.48mi |
| 1620 Prytania St New Orleans, LA | 2.0 | 1.5 | 928 | $1,600 | $1.72 | 24d | 1 | 0.50mi |
| 2840 Dryades St Unit 2838 New Orleans, LA | 2.0 | 2.0 | 1000 | $1,595 | $1.59 | 4d | 1 | 0.54mi |
| 1405 Terpsichore St Unit 2 New Orleans, LA | 2.0 | 1.0 | 820 | $1,400 | $1.71 | 12d | 1 | 0.57mi |
| 1329 St Andrew St #2 New Orleans, LA | 2.0 | 2.0 | 1104 | $3,300 | $2.99 | 44d | 1 | 0.59mi |
| 2919 Dryades St New Orleans, LA | 2.0 | 1.0 | 750 | $1,300 | $1.73 | 22d | 1 | 0.60mi |
| 1235 Josephine St New Orleans, LA | 2.0 | 1.0 | 1000 | $1,600 | $1.60 | 18d | 1 | 0.62mi |
| 822 Howard Ave Unit 1272354P New Orleans, LA | 1.0–5.0 | 1.0–4.0 | 1749 | $6,618 | $3.78 | 2d | 3 | 0.63mi |
| 1501 Clio St Unit 2A New Orleans, LA | 2.0 | 1.0 | 1000 | $2,700 | $2.70 | 12d | 1 | 0.63mi |
| 814 Howard Ave Unit 201 New Orleans, LA | 2.0 | 1.0 | 840 | $2,800 | $3.33 | 24d | 1 | 0.63mi |
| 875 O'Keefe Ave #205 New Orleans, LA | 2.0 | 2.5 | 1040 | $2,250 | $2.16 | 18d | 1 | 0.64mi |
Listing history 32 events
-
2026-03-06price $215,000 910-char remark
Show marketing remark (918 chars)
This is the one! Come see this cozy, updated home in the heart of the city! This charmer offers covered, gated-street parking, a lovely & spacious fenced yard, and a recently painted colorful exterior. This thoughtfully designed, open concept living space offers clean lines and a functional kitchen. Just one block to the Oretha Castle Haley corridor and convenient access to anywhere in the city. Not only is this home ascetically pleasing, the bones are great as well! 2021 vinyl windows, 2024 furnace & interior HVAC, 2018 hvac compressor, ductwork has been cleaned, 2019 kitchen upgrade, refrigerator & stove 2020/2021, new roof in 2019, landscaping in rear yard, fence 2020, underground plumbing upgrade to necessary areas 2020, electrical panel & upgraded service size 2019, outdoor paint 2024, a newer attic fan, tankless water heater 2025, and an added half bath in 2025. X flood zone!
-
2026-03-06price $215,000 918-char remark
Show marketing remark (918 chars)
This is the one! Come see this cozy, updated home in the heart of the city! This charmer offers covered, gated-street parking, a lovely & spacious fenced yard, and a recently painted colorful exterior. This thoughtfully designed, open concept living space offers clean lines and a functional kitchen. Just one block to the Oretha Castle Haley corridor and convenient access to anywhere in the city. Not only is this home ascetically pleasing, the bones are great as well! 2021 vinyl windows, 2024 furnace & interior HVAC, 2018 hvac compressor, ductwork has been cleaned, 2019 kitchen upgrade, refrigerator & stove 2020/2021, new roof in 2019, landscaping in rear yard, fence 2020, underground plumbing upgrade to necessary areas 2020, electrical panel & upgraded service size 2019, outdoor paint 2024, a newer attic fan, tankless water heater 2025, and an added half bath in 2025. X flood zone!
-
2026-01-30price $219,000 910-char remark
Show marketing remark (918 chars)
This is the one! Come see this cozy, updated home in the heart of the city! This charmer offers covered, gated-street parking, a lovely & spacious fenced yard, and a recently painted colorful exterior. This thoughtfully designed, open concept living space offers clean lines and a functional kitchen. Just one block to the Oretha Castle Haley corridor and convenient access to anywhere in the city. Not only is this home ascetically pleasing, the bones are great as well! 2021 vinyl windows, 2024 furnace & interior HVAC, 2018 hvac compressor, ductwork has been cleaned, 2019 kitchen upgrade, refrigerator & stove 2020/2021, new roof in 2019, landscaping in rear yard, fence 2020, underground plumbing upgrade to necessary areas 2020, electrical panel & upgraded service size 2019, outdoor paint 2024, a newer attic fan, tankless water heater 2025, and an added half bath in 2025. X flood zone!
-
2026-01-30price $219,000 918-char remark
Show marketing remark (918 chars)
This is the one! Come see this cozy, updated home in the heart of the city! This charmer offers covered, gated-street parking, a lovely & spacious fenced yard, and a recently painted colorful exterior. This thoughtfully designed, open concept living space offers clean lines and a functional kitchen. Just one block to the Oretha Castle Haley corridor and convenient access to anywhere in the city. Not only is this home ascetically pleasing, the bones are great as well! 2021 vinyl windows, 2024 furnace & interior HVAC, 2018 hvac compressor, ductwork has been cleaned, 2019 kitchen upgrade, refrigerator & stove 2020/2021, new roof in 2019, landscaping in rear yard, fence 2020, underground plumbing upgrade to necessary areas 2020, electrical panel & upgraded service size 2019, outdoor paint 2024, a newer attic fan, tankless water heater 2025, and an added half bath in 2025. X flood zone!
-
2026-01-15$224,000 Active 910-char remark
Show marketing remark (918 chars)
This is the one! Come see this cozy, updated home in the heart of the city! This charmer offers covered, gated-street parking, a lovely & spacious fenced yard, and a recently painted colorful exterior. This thoughtfully designed, open concept living space offers clean lines and a functional kitchen. Just one block to the Oretha Castle Haley corridor and convenient access to anywhere in the city. Not only is this home ascetically pleasing, the bones are great as well! 2021 vinyl windows, 2024 furnace & interior HVAC, 2018 hvac compressor, ductwork has been cleaned, 2019 kitchen upgrade, refrigerator & stove 2020/2021, new roof in 2019, landscaping in rear yard, fence 2020, underground plumbing upgrade to necessary areas 2020, electrical panel & upgraded service size 2019, outdoor paint 2024, a newer attic fan, tankless water heater 2025, and an added half bath in 2025. X flood zone!
-
2026-01-15$224,000 Active 918-char remark
Show marketing remark (918 chars)
This is the one! Come see this cozy, updated home in the heart of the city! This charmer offers covered, gated-street parking, a lovely & spacious fenced yard, and a recently painted colorful exterior. This thoughtfully designed, open concept living space offers clean lines and a functional kitchen. Just one block to the Oretha Castle Haley corridor and convenient access to anywhere in the city. Not only is this home ascetically pleasing, the bones are great as well! 2021 vinyl windows, 2024 furnace & interior HVAC, 2018 hvac compressor, ductwork has been cleaned, 2019 kitchen upgrade, refrigerator & stove 2020/2021, new roof in 2019, landscaping in rear yard, fence 2020, underground plumbing upgrade to necessary areas 2020, electrical panel & upgraded service size 2019, outdoor paint 2024, a newer attic fan, tankless water heater 2025, and an added half bath in 2025. X flood zone!
-
2025-03-11price $215,000
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2025-03-11price $215,000
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2025-02-06$225,000 Active
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2019-07-02soldstatus $167,500
-
2019-06-28soldstatus $165,000 Closed
-
2019-05-28status Pending
-
2019-05-23$165,000
-
2019-05-23$165,000 Active
-
2018-05-01soldstatus $144,335
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2018-04-27soldstatus $144,335 Sold
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2018-04-02historical Pending Continue to Show
-
2018-02-19price $145,000
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2017-11-07price $160,000
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2017-09-27price $169,900
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2017-08-28$175,000 Active
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2017-08-28$145,000
-
2015-12-15soldstatus $100,000
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2015-12-10soldstatus $100,042 Sold
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2015-11-03historical Pending Continue to Show
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2015-10-19price $104,900
-
2015-09-01$109,000 Active
-
2015-08-31$104,900
-
2009-02-10soldstatus $26,000
-
2009-02-06soldstatus $26,000
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2008-08-26$55,000
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2008-08-26$55,000
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast LA · Resets to sale price
- Current annual tax
- $1,449 · $121/mo
- Projected year-2 tax
- $1,449 · $121/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 8/10 Severe FEMA zone X · 75% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $20,320
- − Mortgage interest
- −$12,043
- − Property taxes
- −$1,449
- − Insurance
- −$1,872
- − Repairs & maintenance
- −$1,626
- − Management
- −$1,626
- − Depreciation
- −$6,255
- Taxable loss
- −$4,551
- Est. tax savings @ 24.0%
- +$1,092
- After-tax cash flow
- $293/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Orleans Parish
- NCES district ID
- 2201170
- Math proficiency
- 11% ▼ -52.00%
- Reading proficiency
- 27% ▼ -46.00%
- Median HH income
- $37,011
- Composite
- 15.78/100
- National rank
- #9271
- State rank
- #69 of 98 in LA
Livability — New Orleans
- Score
- 81/100
- State rank
- #3
- US rank
- #1383
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- New Orleans, LA
- County
- Orleans Parish · 338,817 people
- City population
- 338,817
- Metro
- New Orleans-Metairie, LA
- Population (ZIP)
- 9,387
- Household income
- $39,333
- Rent vs Own
- Severe rent burden
- 714.0
Population outlook (Orleans County) Hauer SSP2
- Today (2025)
- 513,025 people
- By 2030
- 575,781 · +12.2%
- By 2040
- 700,174 · +36.5%
- By 2050
- 826,541 · +61.1%
- By 2075
- 1,123,374 · +119.0%
- By 2100
- 1,355,609 · +164.2%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.57)
- Race & ethnicity
- Black 61% White 20% Hispanic / Latino 13% Two or more races 11% Asian 2%
- Hispanic origin (detail)
- Mexican 2%
- Common ancestry
- Lithuanian 2% Portuguese 1% Slovak 1%
- Foreign-born
- 13% · Canada, Vietnam, China
- Languages at home
- 86% English-only · Spanish 11% Other Indo-European 1% Vietnamese 1%
Political lean MEDSL · Orleans
- 2024 margin
- Solid D (+67.0) · D 82.2% · R 15.2% · Other 2.7%
- 2008→2024 swing
- +6.7pp toward D · 2008: 60.3pp · 2024: 67.0pp
- All cycles
- 2024: D+67.0 2020: D+68.2 2016: D+66.2 2012: D+62.5 2008: D+60.3
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▲ 65.92%
- Current HPI
- 229.3968
- Rent YoY
- ▲ 5.98%
- Metro
- New Orleans-Metairie, LA
- State GDP YoY
- ▲ 3.29%
- F500 in state
- 10
Industry mix (Fortune 500 HQ in LA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Telecommunications | 2 | $23B |
|
||
| Utilities | 1 | $12B |
|
||
| Wholesale / Distribution | 1 | $5B |
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| Advertising | 1 | $2B |
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Price history
+290.9% since first listed32 events — show timeline
- 2026-03-06 Price Changed $215,000 AcadianaMLS
- 2026-03-06 Price Changed $215,000 GSREIN
- 2026-01-30 Price Changed $219,000 AcadianaMLS
- 2026-01-30 Price Changed $219,000 GSREIN
- 2026-01-15 Listed $224,000 GSREIN
- 2026-01-15 Listed $224,000 AcadianaMLS
- 2025-03-11 Price Changed $215,000 AcadianaMLS
- 2025-03-11 Price Changed $215,000 GSREIN
- 2025-02-06 Listed $225,000 AcadianaMLS
- 2019-07-02 Sold (Public Records) $167,500 Public Records
- 2019-06-28 Sold (MLS) $165,000 GSREIN
- 2019-05-28 Pending — GSREIN
- 2019-05-23 Listed $165,000 GSREIN
- 2019-05-23 Listed $165,000 AcadianaMLS
- 2018-05-01 Sold (Public Records) $144,335 Public Records
- 2018-04-27 Sold (MLS) $144,335 GSREIN
- 2018-04-02 Contingent — GSREIN
- 2018-02-19 Price Changed $145,000 GSREIN
- 2017-11-07 Price Changed $160,000 GSREIN
- 2017-09-27 Price Changed $169,900 GSREIN
- 2017-08-28 Listed $175,000 GSREIN
- 2017-08-28 Listed $145,000 AcadianaMLS
- 2015-12-15 Sold (Public Records) $100,000 Public Records
- 2015-12-10 Sold (MLS) $100,042 GSREIN
- 2015-11-03 Contingent — GSREIN
- 2015-10-19 Price Changed $104,900 GSREIN
- 2015-09-01 Listed $109,000 GSREIN
- 2015-08-31 Listed $104,900 AcadianaMLS
- 2009-02-10 Sold (Public Records) $26,000 Public Records
- 2009-02-06 Sold (MLS) $26,000 GSREIN
- 2008-08-26 Listed $55,000 AcadianaMLS
- 2008-08-26 Listed $55,000 GSREIN
Property tax history
+6.3%/yrLatest (2026): $1,449 · -5.4% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…