2420-2422 Philip St · New Orleans, LA 70113

$79,000

4 bd · 2.0 ba · 1,400 sqft · MultiFamily public records · 438 Days on market

Built 1940 3,049 sqft lot $56/sqft · 49% below area

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Why this score? — see what drove the B+ 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).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.0/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

Key facts

• Uptown area
• Versatile layout
• Double

Tags

• UPTOWN AREA
• DOUBLE
• MULTI-UNIT PROPERTY
• VERSATILE LAYOUT

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1-bath units multifamily listed at $79k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive. Per door: $709/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $79k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 28.8% 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); 137 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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).
• At $2,584/mo this rent would consume 79% of the median local household income ($39k/yr) (locally 714% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $8k of equity ($546 loan paydown + $8k 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 $22k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 438 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y ago; this cycle's ask has dropped $36k (31%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $69,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 438 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 3.27% ✓
• Cap rate: 28.85%
• Cash-on-cash: 80.55%
• DSCR: 4.58
• GRM: 2.5

CMA / ARV

• ARV (median comp): $310,121
• List price: $79,000
• Delta: -74.53%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2620-22 Philip St	0.12mi	4/2.0	1,472 (+5%)	8mo	$159,000	$108	79
2114 16 Josephine St	0.25mi	4/2.0	1,407 (+0%)	16mo	$299,000	$213	74
2223 25 Felicity St	0.25mi	4/2.0	1,465 (+5%)	9mo	$155,000	$106	73
2809 11 Third St	0.26mi	4/2.0	1,404 (+0%)	23mo	$80,000	$57	68
1809 11 Third St	0.46mi	4/2.0	1,585 (+13%)	1mo	$260,000	$164	55
718 20 Fourth St	0.28mi	4/2.0	1,596 (+14%)	13mo	$270,000	$169	53
1930-1932 Delachaise St	0.75mi	4/2.0	1,467 (+5%)	22mo	$350,000	$239	39
2700-2702 S Johnson St	0.64mi	4/3.0	1,600 (+14%)	9mo	$315,000	$197	35
2716-18 S Galvez St	0.71mi	4/3.0	1,600 (+14%)	18mo	$312,000	$195	24
2712-14 S Galvez St	0.71mi	4/3.0	1,600 (+14%)	19mo	$318,000	$199	24

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

5-year hold

• IRR: 90.0%
• Equity multiple: 7.39×
• Total profit: $141,426
• Equity at exit: $71,169

10-year hold

• IRR: 85.7%
• Equity multiple: 17.45×
• Total profit: $363,869
• Equity at exit: $153,480

Cash invested: $22,120 (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

5-day notice; no state rent control; civil-law jurisdiction; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 70113

• Rents YoY: 6.0%
• Active inventory: 137
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $2,584 high
• Mortgage (P&I): −$414
• Tax from tax record: −$109 /mo · $1,312/yr
• Insurance: −$33
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$543
• Net cashflow: $1,418

Break-even live

Break-even rent $789

Max offer price $79,000

Occupancy floor 40%

Sensitivity live

Price	-10% $1,463	-5% $1,441	+0% $1,418	+5% $1,396	+10% $1,374
Rent	-10% $1,214	-5% $1,316	+0% $1,418	+5% $1,520	+10% $1,622
Rate	-1.0pp $1,458	-0.5pp $1,438	base $1,418	+0.5pp $1,398	+1.0pp $1,377

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,584
Total (2 units)			$2,584

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2231 S Liberty St New Orleans, LA	3.0	3.5	1752	$2,000	$1.14	17d	1	0.10mi
2225 2nd St New Orleans, LA	3.0	2.0	1100	$1,800	$1.64	24d	1	0.15mi
2123 S Liberty St Unit 2125 New Orleans, LA	3.0	2.0	1500	$2,100	$1.40	4d	1	0.16mi
2403 S Saratoga St New Orleans, LA	3.0	2.5	1600	$2,500	$1.56	24d	1	0.24mi
2717 Loyola Ave New Orleans, LA	3.0	2.0	1250	$2,300	$1.84	2d	1	0.27mi
2717 Loyola Ave New Orleans, LA	3.0	2.0	1232	$2,300	$1.87	24d	1	0.27mi
2119 Josephine St New Orleans, LA	3.0	1.0	1017	$950	$0.93	22d	1	0.27mi
2102 Josephine St New Orleans, LA	4.0	2.0	1286	$2,100	$1.63	24d	1	0.28mi
1614 Rev John Raphael Jr Way New Orleans, LA	3.0	2.0	1000	$1,500	$1.50	24d	1	0.29mi
1944 Jackson Ave New Orleans, LA	3.0	2.5	1572	$2,500	$1.59	44d	1	0.29mi
2107 Fourth St New Orleans, LA	3.0	1.0	1292	$1,775	$1.37	17d	1	0.29mi
1915 Philip St New Orleans, LA	3.0	1.5	1300	$2,450	$1.88	24d	1	0.33mi
2032 Saint Andrew St New Orleans, LA	3.0	2.0	1035	$1,830	$1.77	17d	1	0.34mi
2526 Martin Luther King Junior Blvd New Orleans, LA	3.0	2.0	1200	$2,200	$1.83	4d	1	0.34mi
2722 Martin L King Bl New Orleans, LA	3.0	2.5	1350	$1,800	$1.33	24d	1	0.35mi
2318 Martin Luther King Junior Blvd New Orleans, LA	3.0	2.0	1400	$1,700	$1.21	24d	1	0.36mi
2733 Danneel St New Orleans, LA	4.0	2.0	1350	$1,775	$1.31	24d	1	0.38mi
1407 Magnolia St New Orleans, LA	3.0	2.0	1824	$1,500	$0.82	24d	1	0.41mi
2628 S Derbigny St New Orleans, LA	3.0	1.0	900	$1,500	$1.67	4d	1	0.45mi
3108 Second St New Orleans, LA	3.0	3.0	1216	$2,100	$1.73	4d	1	0.46mi
2713 Baronne St New Orleans, LA	3.0	2.5	1600	$2,300	$1.44	24d	1	0.47mi
3120 Second St New Orleans, LA	3.0	3.0	1256	$2,050	$1.63	24d	1	0.48mi
3122 2nd St New Orleans, LA	3.0	3.0	1206	$2,075	$1.72	24d	1	0.48mi
2341 S Roman St Unit U New Orleans, LA	3.0	2.0	1000	$1,850	$1.85	24d	1	0.51mi
2833 S Derbigny St New Orleans, LA	3.0	2.0	1500	$1,795	$1.20	24d	1	0.54mi
3435 Magnolia St New Orleans, LA	3.0	1.0	1050	$1,500	$1.43	24d	1	0.58mi
3429 Clara St New Orleans, LA	3.0	2.0	1620	$2,350	$1.45	15d	1	0.58mi
2931 Baronne St New Orleans, LA	3.0	1.0	1145	$1,510	$1.32	24d	1	0.59mi
3218 Jackson Ave New Orleans, LA	3.0	2.0	1267	$1,750	$1.38	24d	1	0.60mi
2539 Amelia St New Orleans, LA	3.0	2.0	1296	$2,200	$1.70	24d	1	0.60mi
3322 Third St New Orleans, LA	3.0	2.0	950	$1,450	$1.53	24d	1	0.61mi
2614 S Johnson St New Orleans, LA	3.0	2.0	1536	$2,079	$1.35	15d	1	0.62mi
3044 Louisiana Avenue Pkwy New Orleans, LA	3.0	2.0	1800	$1,900	$1.06	24d	1	0.63mi
2232 Amelia St New Orleans, LA	3.0	2.0	900	$1,800	$2.00	17d	1	0.68mi
2620 S Galvez St Apt 2B New Orleans, LA	3.0	1.0	1000	$1,100	$1.10	17d	1	0.68mi
3208 Louisiana Avenue Pkwy New Orleans, LA	3.0	2.0	1391	$1,900	$1.37	17d	1	0.68mi
3230 Toledano St New Orleans, LA	3.0	2.0	950	$1,750	$1.84	24d	1	0.70mi
2535 Marengo St New Orleans, LA	3.0	1.0	1300	$1,200	$0.92	15d	1	0.72mi
2606 S Miro St New Orleans, LA	3.0	2.0	1450	$2,016	$1.39	24d	1	0.75mi
3429 Baronne St New Orleans, LA	3.0	2.5	1600	$2,500	$1.56	44d	1	0.75mi

Listing history 33 events

1. 2026-06-18
   days on market $79,000 Active 438 DOM
2. 2026-06-17
   days on market $79,000 Active 437 DOM
3. 2026-06-16
   days on market $79,000 Active 436 DOM
4. 2026-06-15
   days on market $79,000 Active 435 DOM
5. 2026-06-13
   days on market $79,000 Active 433 DOM
6. 2026-06-10
   days on market $79,000 Active 430 DOM
7. 2026-06-09
   days on market $79,000 Active 429 DOM
8. 2026-06-08
   days on market $79,000 Active 428 DOM
9. 2026-06-07
   days on market $79,000 Active 427 DOM
10. 2026-06-05
    days on market $79,000 Active 424 DOM
11. 2026-06-03
    days on market $79,000 Active 423 DOM
12. 2026-06-02
    days on market $79,000 Active 422 DOM
13. 2026-06-01
    days on market $79,000 Active 421 DOM
14. 2026-05-31
    days on market $79,000 Active 420 DOM
15. 2026-03-27
    status Active 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

16. 2026-03-27
    status Active 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

17. 2026-03-07
    status Pending 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

18. 2026-03-07
    status Pending 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

19. 2026-02-24
    price $79,000 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

20. 2026-02-24
    price $79,000 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

21. 2026-01-30
    price $80,000 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

22. 2026-01-30
    price $80,000 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

23. 2026-01-06
    price $84,000 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

24. 2026-01-06
    price $84,000 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

25. 2025-06-25
    price $85,000 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

26. 2025-06-25
    price $85,000 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

27. 2025-05-19
    price $90,000 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

28. 2025-05-19
    price $90,000 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

29. 2025-05-08
    price $100,000 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

30. 2025-05-08
    price $100,000 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

31. 2025-03-17
    listed $115,000 Active 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

32. 2025-03-17
    listed $115,000 Active 432-char remark

    Show marketing remark (432 chars)

    This property is a blank canvas for a homeowner or investor in the highly sought-after Uptown area, just minutes from downtown. Currently operating as a double, it offers the flexibility to be converted into a spacious single-family home or remain a lucrative multi-unit property. With its prime location and versatile layout, the possibilities are endless. Don't miss this opportunity to create your ideal investment or dream home!

33. 2021-04-02
    listed $425,000

ⓘ 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: $1,312 · $109/mo
• Projected year-2 tax: $1,312 · $109/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 (shaded) · 60% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 20 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

Taxation est. · year 1

• Rental income: $31,008
• − Mortgage interest: −$4,425
• − Property taxes: −$1,312
• − Insurance: −$1,192
• − Repairs & maintenance: −$2,481
• − Management: −$2,481
• − Depreciation: −$2,298
• Taxable income: $16,819
• Est. tax owed @ 24.0%: −$4,036
• After-tax cash flow: $12,984/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

Amenities A+ Commute A+ Cost of living B+ Crime C- Employment D Housing B- Health & safety A+ User ratings D-

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: 75.4% rent · 24.6% 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
▸Advertising	1	$2B

Price history

-81.4% since first listed

19 events — show timeline

• 2026-03-27 Relisted — AcadianaMLS
• 2026-03-27 Relisted — GBRMLS
• 2026-03-07 Pending — AcadianaMLS
• 2026-03-07 Pending — GBRMLS
• 2026-02-24 Price Changed $79,000 AcadianaMLS
• 2026-02-24 Price Changed $79,000 GBRMLS
• 2026-01-30 Price Changed $80,000 AcadianaMLS
• 2026-01-30 Price Changed $80,000 GBRMLS
• 2026-01-06 Price Changed $84,000 AcadianaMLS
• 2026-01-06 Price Changed $84,000 GBRMLS
• 2025-06-25 Price Changed $85,000 AcadianaMLS
• 2025-06-25 Price Changed $85,000 GBRMLS
• 2025-05-19 Price Changed $90,000 GBRMLS
• 2025-05-19 Price Changed $90,000 AcadianaMLS
• 2025-05-08 Price Changed $100,000 AcadianaMLS
• 2025-05-08 Price Changed $100,000 GBRMLS
• 2025-03-17 Listed $115,000 GBRMLS
• 2025-03-17 Listed $115,000 AcadianaMLS
• 2021-04-02 Listed $425,000 AcadianaMLS

Property tax history

-0.3%/yr

Latest (2026): $1,312 · +1.1% YoY. Source: county tax records.