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These days, finding an affordable place to live in the 70116 area can be challenging. Home prices in 70116 are now at a median cost of $416,283, higher than the Louisiana average of $235,139.
The average cost of rent is $1,235/mo in 70116, primarily driven by the current value of real estate in the 70116 area. In 70116, 52.66% of households rent, and 45.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 70116 is $5,251 per month. Households that rent pay about 23.53% of their income on rent here. 70116’s most expensive areas are in the southern regions, while the cheapest areas are in the northern 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
- 70112, LA: higher priced homes
- 70119, LA: equally priced homes
- 70117, LA: less expensive homes
- 70113, LA: higher priced homes
- 70130, LA: higher priced homes
- 70125, LA: equally priced homes
- 70122, LA: less expensive homes
- 70114, LA: less expensive homes
- 70115, LA: higher priced homes
- 70118, LA: higher priced homes
Zip Codes with Similar Populations
- 75835, TX: less expensive homes
- 18073, PA: less expensive homes
- 18657, PA: less expensive homes
- 18708, PA: less expensive homes
- 19350, PA: higher priced homes
- 21787, MD: less expensive homes
- 21842, MD: equally priced homes
- 29054, SC: less expensive homes
- 30531, GA: less expensive homes
- 31036, GA: less expensive homes
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