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These days, finding an affordable place to live in the 70005 area can be challenging. Home prices in 70005 are now at a median cost of $488,462, higher than the Louisiana average of $235,139.
The average cost of rent is $1,367/mo in 70005, primarily driven by the current value of real estate in the 70005 area. In 70005, 35.03% of households rent, and 47.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 70005 is $8,407 per month. Households that rent pay about 16.26% of their income on rent here. 70005’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 70124, LA: higher priced homes
- 70002, LA: less expensive homes
- 70001, LA: less expensive homes
- 70121, LA: less expensive homes
- 70119, LA: less expensive homes
- 70006, LA: less expensive homes
- 70118, LA: higher priced homes
- 70125, LA: less expensive homes
- 70122, LA: less expensive homes
- 70112, LA: equally priced homes
Zip Codes with Similar Populations
- 76109, TX: higher priced homes
- 33770, FL: less expensive homes
- 36609, AL: less expensive homes
- 39209, MS: less expensive homes
- 40504, KY: less expensive homes
- 43085, OH: less expensive homes
- 64138, MO: less expensive homes
- 66215, KS: less expensive homes
- 75254, TX: less expensive homes
- 06514, CT: less expensive homes
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