The Most Affordable Neighborhoods in Seventh Ward, New Orleans, LA by Home Value

 

Seventh Ward, New Orleans, LA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Seventh Ward area can be challenging. Home prices in Seventh Ward are now at a median cost of $258,818, lower than the New Orleans average of $308,345.

The average cost of rent is $1,084/mo in Seventh Ward, primarily driven by the current value of real estate in the Seventh Ward area. In Seventh Ward, 57.08% of households rent, and 56.54% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Seventh Ward is $3,234 per month. Households that rent pay about 33.51% of their income on rent here. Seventh Ward’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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