Mid-City West, New Orleans, LA—70131
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mid-City West, New Orleans, LA
As of Oct '25, the median home price in Mid-City West, New Orleans, LA is $208,000, with a year-over-year change of -1.5%. This indicates that home prices in Mid-City West, 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 | $208,000 | -1.5% |
| Single Family | $212,000 | -2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $113,000 | -2.6% |
3 Bed | $174,000 | -1.7% |
4 Bed | $256,000 | -2.3% |
| 5 Bed | $313,000 | -3.1% |
% of Housing Stock
Rental Trends — Mid-City West, New Orleans, LA
As of July '25, Rentcast reports the average rent in Mid-City West, New Orleans, LA is $1,920, with a year-over-year rent change of -3.5%. Per bedroom, the median rent as of July '25 in Mid-City West, New Orleans, LA is studios: $2,500, 1-bedrooms: $886, 2-bedrooms: $1,490, 3-bedrooms: $2,000, 4-bedrooms: $2,640. The most common rental property sizes in Mid-City West, New Orleans, LA are 1-bedroom and 2-bedroom, accounting for 39.3% and 35.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,920 |
| Studio Rent | $2,500 | $2,500 |
| 1 Bed Rent | $875 | $886 |
| 2 Bed Rent | $1,500 | $1,490 |
| 3 Bed Rent | $1,800 | $2,000 |
| 4 Bed Rent | $2,250 | $2,640 |
% of Rental Stock
Property Listings — Mid-City West, New Orleans, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mid-City West, New Orleans, LA is 73. This is a decrease of -19.0% from last year, suggesting that homes are sitting on the market shorter 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 | $275,000 | 3.0% |
Listing Count | 136 | 8.0% |
| Listings as % of Homes | 0.9% | 8.0% |
Days on Market | 73 | -19.0% |
Demographics — Mid-City West, New Orleans, LA
As of the latest ACS Survey released in 2023, Mid-City West, New Orleans, LA has a population of 25,500, which has decreased by -24.4% over the past 5 years. Mid-City West, New Orleans, LA is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 36.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,500 | -24.4% |
% Under 18 | 20.5% | -17.3% |
% Seniors | 17.1% | 21.3% |
% WFH | 8.2% | 215.4% |
% w/ College Degree | 36.4% | 10.6% |
As of the latest ACS Survey released in 2023, Mid-City West, New Orleans, LA is a predominantly black area, with 62.9% of the population identifying as black. The black population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Mid-City West, New Orleans, LA is white, making up 20.0% of the population. Foreign-born residents account for 8.1% of the population in Mid-City West, New Orleans, LA, and this percentage has increased by 3.8% 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% | -11.9% |
% Black | 62.9% | -3.2% |
% Hispanic | 11.1% | 60.9% |
% Asian | 4.2% | -6.7% |
% Foreign Born | 8.1% | 3.8% |
Mortgage and Risk — Mid-City West, New Orleans, LA
According to HUD data as of 2023, there were 328 mortgage originations in Mid-City West, New Orleans, LA, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Mid-City West, New Orleans, LA. Investor activity is low, as 3.0% 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 | 328 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Mid-City West, New Orleans, LA
As of 2024, the percent of homes in Mid-City West, New Orleans, LA under the Section 8 program is 18.5%. 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 units appear to be good home sizes to consider for Section 8 housing in Mid-City West, New Orleans, LA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 712 |
Total Units Section 8 | 673 |
% Rentals under Section 8 | 18.5% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $255 | $875 | $1,130 |
| 2 Bedroom | -$150 | $1,500 | $1,350 |
| 3 Bedroom | -$70 | $1,800 | $1,730 |
| 4 Bedroom | -$220 | $2,250 | $2,030 |
Affordability — Mid-City West, New Orleans, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $208,000 |
| Median Household Income | $64,300 |