2026 Affordability Data
Most Affordable Neighborhoods in New Orleans - 2026 Data
The median home value in New Orleans is $225,000, 20% below nat'l avg. Median rent is $1,457/month. With an affordability index of 52, New Orleans is less affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the New Orleans, LA area.
Key Takeaways: Affordability in New Orleans
- 1The most affordable neighborhood in New Orleans is Abbeville, with a median home value of $98,700.
- 2New Orleans's median home value is $225,000, 20% below nat'l avg (national: $281,900).
- 3New Orleans's affordability index is 52 (baseline 100), making it less affordable than the national average.
- 4Median rent in New Orleans is $1,457/month, 25% above nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in New Orleans to find the most affordable areas based on home values, rent, and affordability index.
New Orleans Affordability Overview
Median Home Value
$225,000
20% below nat'l avg
Median Rent
$1,457/mo
25% above nat'l avg
Median Income
$42,260
43% below nat'l avg
Affordability Index
52
48% below nat'l avg
Most Affordable Neighborhoods in New Orleans (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | AbbevilleLA | $98,700 |
| 2 | New IberiaLA | $150,600 |
| 3 | BakerLA | $138,800 |
| 4 | MindenLA | $119,500 |
| 5 | Bossier CityLA | $187,000 |
| 6 | CentralLA | $265,600 |
| 7 | LafayetteLA | $234,900 |
| 8 | KennerLA | $229,000 |
| 9 | CovingtonLA | $283,600 |
| 10 | ShreveportLA | $168,900 |
| 11 | Morgan CityLA | $147,700 |
| 12 | BogalusaLA | $106,500 |
| 13 | JenningsLA | $129,500 |
| 14 | BastropLA | $85,600 |
| 15 | RustonLA | $208,000 |
Detailed Neighborhood Profiles
Home Value: $98,700
Rent: $664/mo
Affordability: 207
Population: 11,213
Home Value: $150,600
Rent: $664/mo
Affordability: 207
Population: 28,363
Home Value: $138,800
Rent: $664/mo
Affordability: 207
Population: 12,463
4
Home Value: $119,500
Rent: $664/mo
Affordability: 207
Population: 11,789
5
Home Value: $187,000
Rent: $664/mo
Affordability: 207
Population: 62,971
6
Home Value: $265,600
Rent: $664/mo
Affordability: 207
Population: 29,518
7
Home Value: $234,900
Rent: $664/mo
Affordability: 207
Population: 121,706
8
Home Value: $229,000
Rent: $664/mo
Affordability: 207
Population: 65,785
9
Home Value: $283,600
Rent: $664/mo
Affordability: 207
Population: 11,444
10
Home Value: $168,900
Rent: $664/mo
Affordability: 207
Population: 186,183
11
Home Value: $147,700
Rent: $664/mo
Affordability: 207
Population: 11,373
12
Home Value: $106,500
Rent: $664/mo
Affordability: 207
Population: 10,689
13
Home Value: $129,500
Rent: $664/mo
Affordability: 207
Population: 9,819
14
Home Value: $85,600
Rent: $664/mo
Affordability: 207
Population: 9,623
15
Home Value: $208,000
Rent: $664/mo
Affordability: 207
Population: 22,282
Frequently Asked Questions About Affordability in New Orleans
What is the most affordable neighborhood in New Orleans, LA?▾
Based on 2026 data, Abbeville is the most affordable neighborhood in New Orleans with a median home value of $98,700. Kurby analyzed 15 neighborhoods in the New Orleans area to compile these rankings.
What is the median home price in New Orleans, LA?▾
The median home price in New Orleans is $225,000, which is 20% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is New Orleans affordable compared to the national average?▾
New Orleans has an affordability index of 52, which means housing is less affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in New Orleans, LA?▾
The median monthly rent in New Orleans is $1,457. This is 25% above nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in New Orleans?▾
The median household income in New Orleans is $42,260 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in New Orleans are below the national average home price?▾
14 out of 15 ranked neighborhoods in New Orleans have a median home value below the national average of $281,900. The most affordable is Abbeville at $98,700 (Source: Kurby, 2026).