ZIP Code Market Report
70115 — New Orleans, LA
Data through February 2026 · Updated monthly
Avg Home Value
$514,053
▼ 2.0% year-over-year
Month-over-Month
-0.4%
▼ 0.4%
Single Family
$544,486
Condo / Co-op
$315,312
The average home value in the 70115 ZIP code (New Orleans, LOUISIANA) is $514,053 as of February 2026. Home prices are declining, down 2.0% compared to last year.
A 3-bedroom home in 70115 is valued at $578,708. 1-bedroom units start around $261,850. Single-family homes average $544,486, while condos average $315,312.
The market in 70115 has a $588,997 spread between bottom-tier homes at $313,768 and top-tier homes at $902,765. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 70115 ZIP code will decrease 0.7% over the next 12 months, bringing the projected average to approximately $510,455. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Saint John The Baptist Parish market area in LOUISIANA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Saint John The Baptist Parish report.
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Market Snapshot
70115 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $518,241 | $516,341 | $514,053 | ▼ 0.8% |
| Single Family Value | $545,534 | $545,187 | $544,486 | ▼ 0.2% |
Home Values
70115 Home Value Trend
Historical home values for ZIP code 70115. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 70115
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $261,850 |
| 2 Bedrooms | $393,617 |
| 3 Bedrooms | $578,708 |
| 4 Bedrooms | $644,083 |
Property Types
Home Values by Property Type in 70115
How different property types compare in this ZIP code.
All Homes
$514,053
Single Family
$544,486
Condo / Co-op
$315,312
Bottom Tier
$313,768
Top Tier
$902,765
Forecast
12-Month Home Value Forecast for 70115
Zillow projects home values in 70115 will decrease 0.7% over the next year, reaching approximately $510,455.
Current Value
$514,053
Projected Change
-0.7%
▼ 0.7%
Projected Value
$510,455
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 70115 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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