Lake Vista, New Orleans, LA—70122
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Vista, New Orleans, LA
As of Oct '25, the median home price in Lake Vista, New Orleans, LA is $216,000, with a year-over-year change of -4.1%. This indicates that home prices in Lake Vista, New Orleans, LA are decreasing. According to Zillow, the 1-year price projection is -4.9%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $216,000 | -4.1% |
| Single Family | $216,000 | -4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $163,000 | -4.7% |
3 Bed | $224,000 | -4.3% |
4 Bed | $257,000 | -3.0% |
| 5 Bed | $271,000 | -4.2% |
% of Housing Stock
Rental Trends — Lake Vista, New Orleans, LA
As of July '25, Rentcast reports the average rent in Lake Vista, New Orleans, LA is $1,770, with a year-over-year rent change of -4.3%. Per bedroom, the median rent as of July '25 in Lake Vista, New Orleans, LA is studios: $950, 1-bedrooms: $1,220, 2-bedrooms: $1,460, 3-bedrooms: $2,030, 4-bedrooms: $2,570. The most common rental property sizes in Lake Vista, New Orleans, LA are 2-bedroom and 3-bedroom, accounting for 49.4% and 20.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,770 |
| Studio Rent | $700 | $950 |
| 1 Bed Rent | $1,100 | $1,220 |
| 2 Bed Rent | $1,350 | $1,460 |
| 3 Bed Rent | $1,950 | $2,030 |
| 4 Bed Rent | $2,700 | $2,570 |
% of Rental Stock
Property Listings — Lake Vista, New Orleans, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Vista, New Orleans, LA is 81. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | 1.0% |
Listing Count | 199 | -7.0% |
| Listings as % of Homes | 0.9% | -7.0% |
Days on Market | 81 | 1.0% |
Demographics — Lake Vista, New Orleans, LA
As of the latest ACS Survey released in 2023, Lake Vista, New Orleans, LA has a population of 35,300, which has decreased by -5.3% over the past 5 years. Lake Vista, New Orleans, LA is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 36.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,300 | -5.3% |
% Under 18 | 20.1% | -13.4% |
% Seniors | 18.1% | 18.3% |
% WFH | 13.5% | 255.3% |
% w/ College Degree | 36.6% | 18.8% |
As of the latest ACS Survey released in 2023, Lake Vista, New Orleans, LA is a predominantly black area, with 69.3% of the population identifying as black. The black population has shrunk by 12.6% in the last 5 years. The second most common race or ethnicity in Lake Vista, New Orleans, LA is white, making up 18.1% of the population. Foreign-born residents account for 4.1% of the population in Lake Vista, New Orleans, LA, and this percentage has increased by 13.9% 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 | 18.1% | 24.8% |
% Black | 69.3% | -12.6% |
% Hispanic | 6.3% | 61.5% |
% Asian | 1.5% | 66.7% |
% Foreign Born | 4.1% | 13.9% |
Mortgage and Risk — Lake Vista, New Orleans, LA
According to HUD data as of 2023, there were 410 mortgage originations in Lake Vista, New Orleans, LA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Lake Vista, New Orleans, LA. Investor activity is low, as 6.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 410 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Lake Vista, New Orleans, LA
As of 2024, the percent of homes in Lake Vista, New Orleans, LA under the Section 8 program is 31.7%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Lake Vista, New Orleans, LA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,180 |
Total Units Section 8 | 1,950 |
% Rentals under Section 8 | 31.7% |
% Occupied Section 8 | 97.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,100 | $1,250 |
| 2 Bedroom | $140 | $1,350 | $1,490 |
| 3 Bedroom | -$50 | $1,950 | $1,900 |
| 4 Bedroom | -$460 | $2,700 | $2,240 |
Affordability — Lake Vista, New Orleans, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $216,000 |
| Median Household Income | $47,600 |