The Most Affordable Neighborhoods in Orleans Parish, LA by Home Value

 

Orleans Parish, LA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Orleans Parish area can be challenging. Home prices in Orleans Parish are now at a median cost of $310,464, higher than the Louisiana average of $194,522.

The average cost of rent is $1,155/mo in Orleans Parish, primarily driven by the current value of real estate in the Orleans Parish area. While nearly 49.18% of residents own their homes outright in Orleans Parish, 48.64% rent.

Housing affordability isn’t just about home prices, though. The average household income in Orleans Parish is $5,239 per month. Households that rent pay about 22.05% of their income on rent here. Orleans Parish's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the county.


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