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These days, finding an affordable place to live in the 70118 area can be challenging. Home prices in 70118 are now at a median cost of $595,425, higher than the Louisiana average of $235,139.
The average cost of rent is $1,607/mo in 70118, primarily driven by the current value of real estate in the 70118 area. In 70118, 50.40% of households rent, and 46.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 70118 is $6,961 per month. Households that rent pay about 23.09% of their income on rent here. 70118’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern 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
- 70125, LA: less expensive homes
- 70115, LA: higher priced homes
- 70113, LA: less expensive homes
- 70121, LA: less expensive homes
- 70119, LA: less expensive homes
- 70112, LA: less expensive homes
- 70130, LA: higher priced homes
- 70005, LA: less expensive homes
- 70116, LA: less expensive homes
- 70001, LA: less expensive homes
Zip Codes with Similar Populations
- 80104, CO: equally priced homes
- 36526, AL: less expensive homes
- 36535, AL: less expensive homes
- 38671, MS: less expensive homes
- 40165, KY: less expensive homes
- 40511, KY: less expensive homes
- 40515, KY: less expensive homes
- 80003, CO: less expensive homes
- 80021, CO: equally priced homes
- 35601, AL: less expensive homes
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