The Most Affordable Neighborhoods in French Quarter, New Orleans, LA by Home Value

 

French Quarter, New Orleans, LA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the French Quarter area can be challenging. Home prices in French Quarter are now at a median cost of $541,017, higher than the New Orleans average of $247,441.

The average cost of rent is $1,220/mo in French Quarter, primarily driven by the current value of real estate in the French Quarter area. While nearly 62.08% of residents own their homes outright in French Quarter, 60.74% rent.

Housing affordability isn’t just about home prices, though. The average household income in French Quarter is $5,208 per month. Households that rent pay about 23.42% of their income on rent here. French Quarter's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the neighborhood.


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