Algiers, New Orleans, LA—70118
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Algiers, New Orleans, LA
As of Oct '25, the median home price in Algiers, New Orleans, LA is $360,000, with a year-over-year change of -2.8%. This indicates that home prices in Algiers, New Orleans, LA are decreasing. According to Zillow, the 1-year price projection is -2.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $360,000 | -2.8% |
| Single Family | $366,000 | -2.1% |
| Condos | $287,000 | 1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $231,000 | -0.4% |
2 Bed | $279,000 | -1.8% |
3 Bed | $370,000 | -1.6% |
4 Bed | $475,000 | 0.8% |
| 5 Bed | $643,000 | -0.8% |
% of Housing Stock
Rental Trends — Algiers, New Orleans, LA
As of July '25, Rentcast reports the average rent in Algiers, New Orleans, LA is $2,330, with a year-over-year rent change of 4.0%. Per bedroom, the median rent as of July '25 in Algiers, New Orleans, LA is studios: $1,070, 1-bedrooms: $1,340, 2-bedrooms: $1,850, 3-bedrooms: $2,560, 4-bedrooms: $4,030. The most common rental property sizes in Algiers, New Orleans, LA are 2-bedroom and 1-bedroom, accounting for 43.8% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,330 |
| Studio Rent | $995 | $1,070 |
| 1 Bed Rent | $1,300 | $1,340 |
| 2 Bed Rent | $1,750 | $1,850 |
| 3 Bed Rent | $2,400 | $2,560 |
| 4 Bed Rent | $3,600 | $4,030 |
% of Rental Stock
Property Listings — Algiers, New Orleans, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Algiers, New Orleans, LA is 79. This is a increase of 9.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $334,000 | -25.0% |
Listing Count | 163 | -5.0% |
| Listings as % of Homes | 0.8% | -5.0% |
Days on Market | 79 | 9.0% |
Demographics — Algiers, New Orleans, LA
As of the latest ACS Survey released in 2023, Algiers, New Orleans, LA has a population of 36,100, which has remained stable by -0.4% over the past 5 years. Algiers, New Orleans, LA is a less popular place for families, as children make up 14.8% of the population. The area has a highly educated workforce, with 54.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,100 | -0.4% |
% Under 18 | 14.8% | -5.7% |
% Seniors | 14.5% | 9.0% |
% WFH | 14.9% | 56.8% |
% w/ College Degree | 54.0% | 14.2% |
As of the latest ACS Survey released in 2023, Algiers, New Orleans, LA is a predominantly white area, with 47.0% of the population identifying as white. The white population has grown by 3.5% in the last 5 years. The second most common race or ethnicity in Algiers, New Orleans, LA is black, making up 34.2% of the population. Foreign-born residents account for 9.1% of the population in Algiers, New Orleans, LA, and this percentage has increased by 13.7% 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 | 47.0% | 3.5% |
% Black | 34.2% | -13.0% |
% Hispanic | 11.0% | 35.8% |
% Asian | 3.5% | -16.7% |
% Foreign Born | 9.1% | 13.7% |
Mortgage and Risk — Algiers, New Orleans, LA
According to HUD data as of 2023, there were 315 mortgage originations in Algiers, New Orleans, LA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Algiers, New Orleans, LA. Investor activity is low, as 14.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 315 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 14.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Algiers, New Orleans, LA
As of 2024, the percent of homes in Algiers, New Orleans, LA under the Section 8 program is 14.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Algiers, 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 | 929 |
Total Units Section 8 | 919 |
% Rentals under Section 8 | 14.4% |
% Occupied Section 8 | 97.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,300 | $1,260 |
| 2 Bedroom | -$240 | $1,750 | $1,510 |
| 3 Bedroom | -$470 | $2,400 | $1,930 |
| 4 Bedroom | -$1,330 | $3,600 | $2,270 |
Affordability — Algiers, New Orleans, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.6 |
| Median Home Price | $360,000 |
| Median Household Income | $62,700 |