9412 Palmetto St · New Orleans, LA
Flood risk 8/10 · Major
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.6%
- 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 4/10 · Minor
- Unhealthy air days now
- 4 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).
- Cash flow +26.3/30.0
- DSCR +9.0/10.0
- 1% rule +6.4/10.0
- Livability +4.0/5.0
- Rent growth +2.7/5.0
- Condition / age +2.5/5.0
- Schools +1.6/10.0
- ARV discount +0.0/15.0
- Appreciation +0.0/10.0
$199,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome home to this eclectic New Orleans gem where historic charm meets modern comfort! Centrally located, this home offers the perfect blend of character, convenience, and lifestyle — just minutes from the city’s best dining, shopping, and entertainment. Step inside and enjoy the warmth of sunlit rooms, hardwood floors, and timeless architectural details. With 4 spacious bedrooms, 1.5 bathrooms, and a versatile loft area, there’s plenty of space to live, grow, and entertain. The updated kitchen features sleek countertops and modern appliances, while the renovated bathroom showcases stylish finishes. A brand-new roof provides peace of mind, and the private backyard is ideal for gatherings, cookouts, or simply relaxing after a long day. ? Bonus: The seller is willing to assist with closing costs with a reasonable offer! Whether you’re a first-time homebuyer or simply looking for a space that truly feels like home, this property delivers comfort, charm, and long-term value. Don’t miss this rare opportunity to own a beautifully updated home in one of New Orleans’ most convenient locations. Schedule your private showing today and see why “home” starts here.
Key facts
- Renovated bathroom
- Modern updates
- Brand new roof
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/2.0-bath single-family listed at $200k.
Deal economics
- At list price, monthly cash flow is $453 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $200k).
- Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
- Cap rate 9.4% vs local median 4.3% 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 flat; 277 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); 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
- This rent runs 43% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
- Orleans County population projected at +61% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 455 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
- 10 sale attempts since 27y 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 $60k; list at $200k implies a 233% gain — meaningful room to come down on a strong offer.
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
- It's been on market 455 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- 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
- 1.14% ✓
- Cap rate
- 9.41%
- Cash-on-cash
- 11.13%
- DSCR
- 1.50
- GRM
- 7.3
CMA / ARV
- ARV (median comp)
- $170,011
- List price
- $199,900
- Delta
- 17.58%
- Verdict
- OVERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 3418 Camphor St | 0.21mi | 3/2.0 (-1) | 1,528 (-6%) | 10mo | $189,000 | $124 | 67 |
| 8602 Palm St | 0.56mi | 4/2.0 | 1,630 (+0%) | 12mo | $92,500 | $57 | 63 |
| 8810 Palmetto St | 0.40mi | 4/2.0 | 1,484 (-9%) | 6mo | $190,000 | $128 | 62 |
| 2828 Mistletoe St | 0.60mi | 3/2.0 (-1) | 1,670 (+3%) | 2mo | $287,000 | $172 | 61 |
| 8534 Palm St | 0.58mi | 3/2.0 (-1) | 1,600 (-2%) | 9mo | $265,000 | $166 | 58 |
| 4635 Banks St | 0.75mi | 3/2.0 (-1) | 1,638 (+1%) | 1mo | $492,000 | $300 | 58 |
| 3024 Hollygrove St | 0.54mi | 3/2.0 (-1) | 1,533 (-6%) | 5mo | $299,000 | $195 | 56 |
| 8719 Fig St | 0.66mi | 3/2.0 (-1) | 1,540 (-5%) | 1mo | $70,000 | $45 | 55 |
| 345 Betz Pl | 0.70mi | 3/2.5 (-1) | 1,643 (+1%) | 6mo | $585,000 | $356 | 54 |
| 4025 Hamilton St | 0.31mi | 3/2.0 (-1) | 1,470 (-10%) | 18mo | $297,716 | $203 | 50 |
| 9216 Oleander St | 0.40mi | 4/2.0 | 1,400 (-14%) | 13mo | $227,000 | $162 | 47 |
| 8501 Palmetto St | 0.62mi | 3/2.5 (-1) | 1,552 (-4%) | 12mo | $267,500 | $172 | 46 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 0.97% rent growth · sell at horizon
- IRR
- -4.0%
- Equity multiple
- 0.85×
- Total profit
- $-8,123
- Equity at exit
- $29,806
- IRR
- 3.3%
- Equity multiple
- 1.22×
- Total profit
- $12,098
- Equity at exit
- $17,284
Cash invested: $55,972 (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 70118
- Rents YoY
- 1.0%
- Active inventory
- 277
- Price-to-rent
- 7.3×
Monthly cashflow live
- Estimated rent
- $2,283 high interval (Pro) →
- Mortgage (P&I)
- −$1,048
- Tax from tax record
- −$153 /mo · $1,839/yr
- Insurance
- −$83
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$480
- Net cashflow
- $453
Break-even live
Sensitivity live
| Price | -10% $566 | -5% $509 | +0% $453 | +5% $396 | +10% $339 |
|---|---|---|---|---|---|
| Rent | -10% $272 | -5% $362 | +0% $453 | +5% $543 | +10% $633 |
| Rate | -1.0pp $553 | -0.5pp $503 | base $453 | +0.5pp $401 | +1.0pp $348 |
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
- $49,975
- Closing costs
- $5,997
- 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 |
|---|---|---|---|---|---|---|---|---|
| 9528 Stroelitz St New Orleans, LA | 3.0 | 2.0 | 1174 | $2,100 | $1.79 | 12d | 1 | 0.12mi |
| 9438 Forshey St New Orleans, LA | 3.0 | 2.0 | 1274 | $2,000 | $1.57 | 24d | 1 | 0.35mi |
| 109 Avenue E Metairie, LA | 3.0 | 3.5 | 2068 | $3,000 | $1.45 | 45d | 1 | 0.36mi |
| 8815 Palm St New Orleans, LA | 3.0 | 2.0 | 1195 | $2,100 | $1.76 | 24d | 1 | 0.44mi |
| 8816 Olive St New Orleans, LA | 3.0 | 2.0 | 1200 | $1,800 | $1.50 | 24d | 1 | 0.49mi |
| 8816 Olive St Unit A-B New Orleans, LA | 3.0 | 2.0 | 1200 | $1,800 | $1.50 | 17d | 1 | 0.49mi |
| 8929 Colapissa St New Orleans, LA | 3.0 | 1.0 | 1300 | $1,400 | $1.08 | 24d | 1 | 0.55mi |
| 9107 Fig St New Orleans, LA | 3.0 | 3.0 | 1230 | $2,000 | $1.63 | 4d | 1 | 0.56mi |
| 8502 Edinburgh St New Orleans, LA | 3.0 | 2.0 | 1456 | $1,800 | $1.24 | 4d | 1 | 0.66mi |
| 337 S Murat St Unit 4501 New Orleans, LA | 3.0 | 2.0 | 1150 | $2,000 | $1.74 | 24d | 1 | 0.82mi |
| 8812 Apple St New Orleans, LA | 3.0 | 2.0 | 1085 | $1,650 | $1.52 | 17d | 1 | 0.91mi |
| 301 City Park Ave New Orleans, LA | 4.0 | 2.0 | 1550 | $2,000 | $1.29 | 15d | 1 | 0.92mi |
| 2527 Eagle St New Orleans, LA | 3.0 | 2.0 | 1571 | $2,200 | $1.40 | 24d | 1 | 0.94mi |
| 8405 Apricot St New Orleans, LA | 3.0 | 2.0 | 1058 | $1,795 | $1.70 | 4d | 1 | 0.94mi |
| 8405 Apricot St New Orleans, LA | 3.0 | 2.0 | 1058 | $1,795 | $1.70 | 4d | 1 | 0.94mi |
| 2616 Cambronne St Unit 2618 New Orleans, LA | 3.0 | 1.0 | 1200 | $1,475 | $1.23 | 24d | 1 | 1.03mi |
| 647 S Pierce St New Orleans, LA | 3.0 | 2.0 | 1550 | $3,175 | $2.05 | 15d | 1 | 1.09mi |
| 613 S Pierce St New Orleans, LA | 3.0 | 1.0 | 1200 | $1,500 | $1.25 | 18d | 1 | 1.11mi |
| 615 S Pierce St New Orleans, LA | 3.0 | 1.0 | 1200 | $1,500 | $1.25 | 18d | 1 | 1.11mi |
| 4020 Baudin St New Orleans, LA | 3.0 | 2.0 | 1100 | $1,550 | $1.41 | 4d | 1 | 1.11mi |
| 7922 Colapissa St New Orleans, LA | 4.0 | 2.0 | 1848 | $2,400 | $1.30 | 11d | 1 | 1.12mi |
| 5373 Canal Blvd New Orleans, LA | 3.0 | 2.0 | 1800 | $6,800 | $3.78 | 18d | 1 | 1.14mi |
| 5373 Canal Blvd New Orleans, LA | 3.0 | 2.0 | 1800 | $4,200 | $2.33 | 44d | 1 | 1.14mi |
| 4600 S Carrollton Ave Unit 2B New Orleans, LA | 4.0 | 2.0 | 2097 | $2,850 | $1.36 | 24d | 1 | 1.15mi |
| 912 Monticello Ave New Orleans, LA | 3.0 | 2.0 | 1750 | $2,500 | $1.43 | 44d | 1 | 1.20mi |
| 2305 Joliet St New Orleans, LA | 3.0 | 2.0 | 1451 | $2,500 | $1.72 | 44d | 1 | 1.20mi |
| 7933 Belfast St Unit Upper New Orleans, LA | 3.0 | 2.0 | 1500 | $2,400 | $1.60 | 24d | 1 | 1.23mi |
| 2251 Cambronne St Unit A New Orleans, LA | 3.0 | 1.5 | 1945 | $2,495 | $1.28 | 24d | 1 | 1.24mi |
| 3825 Baudin St New Orleans, LA | 3.0 | 3.5 | 1680 | $2,000 | $1.19 | 24d | 1 | 1.24mi |
| 5458 General Diaz St New Orleans, LA | 3.0 | 2.0 | 1289 | $2,000 | $1.55 | 17d | 1 | 1.25mi |
| 3804 Banks St New Orleans, LA | 3.0 | 2.0 | 1353 | $2,250 | $1.66 | 18d | 1 | 1.29mi |
| 375 Aris Ave Metairie, LA | 4.0 | 2.0 | 1480 | $2,100 | $1.42 | 24d | 1 | 1.31mi |
| 261 Hollywood Dr Unit C Metairie, LA | 3.0 | 1.0 | 1400 | $2,300 | $1.64 | 5d | 1 | 1.32mi |
| 1836 General Ogden St New Orleans, LA | 3.0 | 2.0 | 1368 | $1,675 | $1.22 | 24d | 1 | 1.34mi |
| 4500 Saint Ann St New Orleans, LA | 3.0 | 2.0 | 1500 | $2,350 | $1.57 | 18d | 1 | 1.36mi |
| 1003 Old Metairie Pl Metairie, LA | 3.0 | 2.5 | 1900 | $3,000 | $1.58 | 24d | 1 | 1.38mi |
| 2835 Pine St Unit 2835 New Orleans, LA | 3.0 | 2.0 | 1219 | $2,995 | $2.46 | 44d | 1 | 1.38mi |
| 2833 Pine St Unit 2833 New Orleans, LA | 3.0 | 2.0 | 1219 | $3,200 | $2.63 | 21d | 1 | 1.38mi |
| 5622 Canal Blvd Unit Upper New Orleans, LA | 3.0 | 2.0 | 1736 | $2,100 | $1.21 | 4d | 1 | 1.40mi |
| 2231 S Carrollton Ave Unit D New Orleans, LA | 3.0 | 2.0 | 1600 | $2,495 | $1.56 | 24d | 1 | 1.40mi |
Listing history 38 events
-
2026-06-21days on market $199,900 Active 455 DOM
-
2026-06-18days on market $199,900 Active 452 DOM
-
2026-06-17days on market $199,900 Active 451 DOM
-
2026-06-16days on market $199,900 Active 450 DOM
-
2026-06-15days on market $199,900 Active 449 DOM
-
2026-06-13days on market $199,900 Active 447 DOM
-
2026-06-10days on market $199,900 Active 444 DOM
-
2026-06-09days on market $199,900 Active 443 DOM
-
2026-06-08days on market $199,900 Active 442 DOM
-
2026-06-07days on market $199,900 Active 441 DOM
-
2026-06-05days on market $199,900 Active 438 DOM
-
2026-06-03days on market $199,900 Active 437 DOM
-
2026-06-02days on market $199,900 Active 436 DOM
-
2026-06-01days on market $199,900 Active 435 DOM
-
2026-05-31days on market $199,900 Active 434 DOM
-
2025-10-02status Active 1220-char remark
Show marketing remark (1220 chars)
Welcome home to this eclectic New Orleans gem where historic charm meets modern comfort! Centrally located, this home offers the perfect blend of character, convenience, and lifestyle — just minutes from the city’s best dining, shopping, and entertainment. Step inside and enjoy the warmth of sunlit rooms, hardwood floors, and timeless architectural details. With 4 spacious bedrooms, 1.5 bathrooms, and a versatile loft area, there’s plenty of space to live, grow, and entertain. The updated kitchen features sleek countertops and modern appliances, while the renovated bathroom showcases stylish finishes. A brand-new roof provides peace of mind, and the private backyard is ideal for gatherings, cookouts, or simply relaxing after a long day. ? Bonus: The seller is willing to assist with closing costs with a reasonable offer! Whether you’re a first-time homebuyer or simply looking for a space that truly feels like home, this property delivers comfort, charm, and long-term value. Don’t miss this rare opportunity to own a beautifully updated home in one of New Orleans’ most convenient locations. Schedule your private showing today and see why “home” starts here.
-
2025-10-01historical 1220-char remark
Show marketing remark (1220 chars)
Welcome home to this eclectic New Orleans gem where historic charm meets modern comfort! Centrally located, this home offers the perfect blend of character, convenience, and lifestyle — just minutes from the city’s best dining, shopping, and entertainment. Step inside and enjoy the warmth of sunlit rooms, hardwood floors, and timeless architectural details. With 4 spacious bedrooms, 1.5 bathrooms, and a versatile loft area, there’s plenty of space to live, grow, and entertain. The updated kitchen features sleek countertops and modern appliances, while the renovated bathroom showcases stylish finishes. A brand-new roof provides peace of mind, and the private backyard is ideal for gatherings, cookouts, or simply relaxing after a long day. ? Bonus: The seller is willing to assist with closing costs with a reasonable offer! Whether you’re a first-time homebuyer or simply looking for a space that truly feels like home, this property delivers comfort, charm, and long-term value. Don’t miss this rare opportunity to own a beautifully updated home in one of New Orleans’ most convenient locations. Schedule your private showing today and see why “home” starts here.
-
2025-03-21$199,900 Active 1183-char remark
Show marketing remark (1220 chars)
Welcome home to this eclectic New Orleans gem where historic charm meets modern comfort! Centrally located, this home offers the perfect blend of character, convenience, and lifestyle — just minutes from the city’s best dining, shopping, and entertainment. Step inside and enjoy the warmth of sunlit rooms, hardwood floors, and timeless architectural details. With 4 spacious bedrooms, 1.5 bathrooms, and a versatile loft area, there’s plenty of space to live, grow, and entertain. The updated kitchen features sleek countertops and modern appliances, while the renovated bathroom showcases stylish finishes. A brand-new roof provides peace of mind, and the private backyard is ideal for gatherings, cookouts, or simply relaxing after a long day. ? Bonus: The seller is willing to assist with closing costs with a reasonable offer! Whether you’re a first-time homebuyer or simply looking for a space that truly feels like home, this property delivers comfort, charm, and long-term value. Don’t miss this rare opportunity to own a beautifully updated home in one of New Orleans’ most convenient locations. Schedule your private showing today and see why “home” starts here.
-
2025-03-21$199,900 Active 1220-char remark
Show marketing remark (1220 chars)
Welcome home to this eclectic New Orleans gem where historic charm meets modern comfort! Centrally located, this home offers the perfect blend of character, convenience, and lifestyle — just minutes from the city’s best dining, shopping, and entertainment. Step inside and enjoy the warmth of sunlit rooms, hardwood floors, and timeless architectural details. With 4 spacious bedrooms, 1.5 bathrooms, and a versatile loft area, there’s plenty of space to live, grow, and entertain. The updated kitchen features sleek countertops and modern appliances, while the renovated bathroom showcases stylish finishes. A brand-new roof provides peace of mind, and the private backyard is ideal for gatherings, cookouts, or simply relaxing after a long day. ? Bonus: The seller is willing to assist with closing costs with a reasonable offer! Whether you’re a first-time homebuyer or simply looking for a space that truly feels like home, this property delivers comfort, charm, and long-term value. Don’t miss this rare opportunity to own a beautifully updated home in one of New Orleans’ most convenient locations. Schedule your private showing today and see why “home” starts here.
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2025-02-02price $189,900
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2025-02-02price $189,900
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2024-09-02$209,900 Active
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2024-06-03price $235,900
-
2024-02-22historical $1,700
-
2024-02-21$235,900
-
2024-02-15$1,700
-
2023-12-30historical $1,700
-
2023-12-19price $1,700
-
2023-11-17price $1,975
-
2023-11-11price $2,100
-
2023-11-11$275,000
-
2023-10-26price $2,550
-
2023-09-20$2,700
-
2000-05-30soldstatus $60,000
-
2000-05-23soldstatus $60,000
-
1999-01-31$63,500
-
1999-01-31$63,500
-
1982-07-09soldstatus $38,500
ⓘ 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
- $1,839 · $153/mo
- Projected year-2 tax
- $1,839 · $153/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 · 21 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 4/10 Moderate 4 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
- $27,401
- − Mortgage interest
- −$11,198
- − Property taxes
- −$1,839
- − Insurance
- −$1,797
- − Repairs & maintenance
- −$2,192
- − Management
- −$2,192
- − Depreciation
- −$5,815
- Taxable income
- $2,368
- Est. tax owed @ 24.0%
- −$568
- After-tax cash flow
- $4,863/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)
- 36,072
- Household income
- $63,750
- Rent vs Own
- Severe rent burden
- 2237.0
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 0.65)
- Race & ethnicity
- White 47% Black 34% Hispanic / Latino 11% Two or more races 11% Asian 4%
- Hispanic origin (detail)
- Mexican 2%
- Common ancestry
- Lithuanian 8% Italian 2% Romanian 2%
- Foreign-born
- 9% · Canada, China
- Languages at home
- 86% English-only · Spanish 7% French/Haitian/Cajun 2% Other Indo-European 2%
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
- ▼ -210.46%
- Current HPI
- 282.9629
- Rent YoY
- ▲ 0.97%
- 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 |
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| Utilities | 1 | $12B |
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| Wholesale / Distribution | 1 | $5B |
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| Advertising | 1 | $2B |
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Price history
+419.2% since first listed23 events — show timeline
- 2025-10-02 Relisted — GSREIN
- 2025-10-01 Listing Removed — GSREIN
- 2025-03-21 Listed $199,900 GSREIN
- 2025-03-21 Listed $199,900 AcadianaMLS
- 2025-02-02 Price Changed $189,900 AcadianaMLS
- 2025-02-02 Price Changed $189,900 GSREIN
- 2024-09-02 Listed $209,900 AcadianaMLS
- 2024-06-03 Price Changed $235,900 GSREIN
- 2024-02-22 Rental Removed $1,700 GSREIN
- 2024-02-21 Listed $235,900 AcadianaMLS
- 2024-02-15 Listed for Rent $1,700 GSREIN
- 2023-12-30 Rental Removed $1,700 GSREIN
- 2023-12-19 Price Changed $1,700 GSREIN
- 2023-11-17 Price Changed $1,975 GSREIN
- 2023-11-11 Price Changed $2,100 GSREIN
- 2023-11-11 Listed $275,000 AcadianaMLS
- 2023-10-26 Price Changed $2,550 GSREIN
- 2023-09-20 Listed for Rent $2,700 GSREIN
- 2000-05-30 Sold (Public Records) $60,000 Public Records
- 2000-05-23 Sold (MLS) $60,000 GSREIN
- 1999-01-31 Listed $63,500 AcadianaMLS
- 1999-01-31 Listed $63,500 GSREIN
- 1982-07-09 Sold (Public Records) $38,500 Public Records
Property tax history
+3.0%/yrLatest (2026): $1,839 · +1.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…