Rental numbers for Orleans Parish, LA
The typical home here runs -$557 a month at 7.78% with 25% down, breaking even at about 2.9%. 1 of 15 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.1%.
- Gross yield
- 8.1%
- typical home, Zillow
- Median ZIP yield
- 7.1%
- 15 ZIPs with full data
- Cash flow
- -$557/mo
- at 7.78%, 25% down
- Typical price
- $244,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,637/mo
- Zillow ZORI, Aug 2026
ZIP codes in Orleans Parish
17 with published figures
| 70126New Orleans | $152,000 | $1,540 | 12.2% | 6.7% | +$25 | -1.7% |
| 70114New Orleans | $165,000 | $1,418 | 10.3% | 5.2% | -$169 | +0.9% |
| 70129New Orleans | $158,000 | $1,340* | 10.2% | 5.0% | -$190 | n/a |
| 70117New Orleans | $174,000 | $1,464 | 10.1% | 5.1% | -$206 | +1.7% |
| 70127New Orleans | $164,000 | $1,364 | 10.0% | 5.0% | -$204 | n/a |
| 70128New Orleans | $176,000 | $1,271 | 8.7% | 3.8% | -$389 | n/a |
| 70122New Orleans | $220,000 | $1,512 | 8.3% | 3.9% | -$468 | -0.7% |
| 70113New Orleans | $230,000 | $1,527 | 8.0% | 3.6% | -$554 | +2.1% |
| 70131New Orleans | $213,000 | $1,340* | 7.6% | 3.1% | -$595 | n/a |
| 70125New Orleans | $287,000 | $1,697 | 7.1% | 3.0% | -$825 | +1.8% |
| 70119New Orleans | $292,000 | $1,583 | 6.5% | 2.5% | -$958 | +1.3% |
| 70116New Orleans | $311,000 | $1,663 | 6.4% | 2.7% | -$975 | +3.7% |
| 70112New Orleans | $328,000 | $1,649 | 6.0% | 1.8% | -$1,268 | +0.2% |
| 70118New Orleans | $357,000 | $1,729 | 5.8% | 2.0% | -$1,319 | +3.8% |
| 70130New Orleans | $439,000 | $1,789 | 4.9% | 1.4% | -$1,839 | -0.4% |
| 70124New Orleans | $503,000 | $1,971 | 4.7% | 1.4% | -$2,143 | +0.3% |
| 70115New Orleans | $526,000 | $1,689 | 3.9% | 0.8% | -$2,489 | +2.5% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- -1.9%
- Rent, 12 months
- +1.5%
- Rent minus price growth
- +3.4 pts
- Property tax
- 0.83%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $277,461 | $1,403 |
| Aug 2022 | $299,843 | $1,534 |
| Aug 2023 | $274,915 | $1,567 |
| Aug 2024 | $255,702 | $1,590 |
| Aug 2025 | $248,623 | $1,613 |
| Aug 2026 | $243,912 | $1,637 |
HUD Fair Market Rent
FY2027, New Orleans-Metairie, LA HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,096 | $1,229 | $1,480 | $1,900 | $2,233 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 5.1
- 796 units, last 12 months
- National percentile
- 49th
- among US counties
Tools
Test a listing in Orleans Parish against today's rate.
Open the calculatorPart of the New Orleans, LA metro.
Questions
- Is Orleans Parish good for rental property?
- The typical home here runs -$557 a month at 7.78% with 25% down, breaking even at about 2.9%. 1 of 15 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.1%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Orleans Parish?
- About 0.83% of value, from Census ACS median taxes paid over median home value. On a $244,000 home that is about $2,012 a year.
- What is Fair Market Rent in Orleans Parish?
- HUD's FY2027 Fair Market Rent here is $1,229 for a 1-bedroom, $1,480 for a 2-bedroom and $1,900 for a 3-bedroom. Typical cash flow at today's rate is -$557 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.