Mid-City, New Orleans, LA—70113
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mid-City, New Orleans, LA
As of Oct '25, the median home price in Mid-City, New Orleans, LA is $221,000, with a year-over-year change of -7.8%. This indicates that home prices in Mid-City, New Orleans, LA are decreasing. According to Zillow, the 1-year price projection is -4.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $221,000 | -7.8% |
| Single Family | $209,000 | -8.3% |
| Condos | $489,000 | -2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $219,000 | -12.4% |
3 Bed | $232,000 | -4.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mid-City, New Orleans, LA
As of July '25, Rentcast reports the average rent in Mid-City, New Orleans, LA is $2,150, with a year-over-year rent change of -8.9%. Per bedroom, the median rent as of July '25 in Mid-City, New Orleans, LA is studios: $1,140, 1-bedrooms: $1,340, 2-bedrooms: $2,400, 3-bedrooms: $2,640, 4-bedrooms: $2,310. The most common rental property sizes in Mid-City, New Orleans, LA are 1-bedroom and 2-bedroom, accounting for 41.6% and 29.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $2,150 |
| Studio Rent | $975 | $1,140 |
| 1 Bed Rent | $1,150 | $1,340 |
| 2 Bed Rent | $1,650 | $2,400 |
| 3 Bed Rent | $2,000 | $2,640 |
| 4 Bed Rent | $1,980 | $2,310 |
% of Rental Stock
Property Listings — Mid-City, New Orleans, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mid-City, New Orleans, LA is 99. This is a increase of 31.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $329,000 | 2.0% |
Listing Count | 49 | -9.0% |
| Listings as % of Homes | 0.3% | -9.0% |
Days on Market | 99 | 31.0% |
Demographics — Mid-City, New Orleans, LA
As of the latest ACS Survey released in 2023, Mid-City, New Orleans, LA has a population of 9,890, which has increased by 28.4% over the past 5 years. Mid-City, New Orleans, LA is a moderately popular place for families, as children make up 22.4% of the population. The area has a moderately educated workforce, with 27.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,890 | 28.4% |
% Under 18 | 22.4% | 24.4% |
% Seniors | 12.0% | -14.9% |
% WFH | 13.6% | 138.6% |
% w/ College Degree | 27.4% | 15.1% |
As of the latest ACS Survey released in 2023, Mid-City, New Orleans, LA is a predominantly black area, with 61.3% of the population identifying as black. The black population has shrunk by 22.8% in the last 5 years. The second most common race or ethnicity in Mid-City, New Orleans, LA is white, making up 20.0% of the population. Foreign-born residents account for 13.1% of the population in Mid-City, New Orleans, LA, and this percentage has increased by 125.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 20.0% | 36.1% |
% Black | 61.3% | -22.8% |
% Hispanic | 13.0% | 64.6% |
% Asian | 1.9% | 171.4% |
% Foreign Born | 13.1% | 125.9% |
Mortgage and Risk — Mid-City, New Orleans, LA
According to HUD data as of 2023, there were 51 mortgage originations in Mid-City, New Orleans, LA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Mid-City, New Orleans, LA. Investor activity is low, as 14.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 51 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 14.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Mid-City, New Orleans, LA
As of 2024, the percent of homes in Mid-City, New Orleans, LA under the Section 8 program is 22.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Mid-City, New Orleans, LA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,340 |
Total Units Section 8 | 779 |
% Rentals under Section 8 | 22.0% |
% Occupied Section 8 | 95.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $1,150 | $1,040 |
| 2 Bedroom | -$420 | $1,650 | $1,230 |
| 3 Bedroom | -$420 | $2,000 | $1,580 |
| 4 Bedroom | -$140 | $1,980 | $1,840 |
Affordability — Mid-City, New Orleans, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8 |
| Median Home Price | $221,000 |
| Median Household Income | $36,900 |