Home Affordability in 70112
New Orleans, LA — Orleans Parish
The median home price in ZIP code 70112 (New Orleans) is $265,000 with a median household income of $42,000. The price-to-income ratio is 6.3x.
Median Home Price
$265,000
Median Income
$42,000
Price-to-Income
6.3x
Est. Affordable Home
$163,000
Property Tax Rate
0.55%
Annual Property Tax
$1,458
Cost of Living
98
Metro Area
New Orleans MSA
Down Payment Scenarios for ZIP 70112
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $7,950 | $257,050 | Yes |
| 5% | $13,250 | $251,750 | Yes |
| 10% | $26,500 | $238,500 | Yes |
| 20% | $53,000 | $212,000 | No |
Get a Personalized Estimate
Use our Home Affordability Calculator with your actual income, debts, and down payment.
Calculate Now