Avondale, New Orleans, LA—70127
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Avondale, New Orleans, LA
As of Oct '25, the median home price in Avondale, New Orleans, LA is $159,000, with a year-over-year change of -0.1%. This indicates that home prices in Avondale, New Orleans, LA are flat. 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 | $159,000 | -0.1% |
| Single Family | $159,000 | 0.0% |
| 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 | 5.6% |
3 Bed | $155,000 | 0.0% |
4 Bed | $181,000 | -0.5% |
| 5 Bed | $175,000 | 3.6% |
% of Housing Stock
Rental Trends — Avondale, New Orleans, LA
As of July '25, Rentcast reports the average rent in Avondale, New Orleans, LA is $1,410, with a year-over-year rent change of -8.4%. Per bedroom, the median rent as of July '25 in Avondale, New Orleans, LA is 1-bedrooms: $966, 2-bedrooms: $1,260, 3-bedrooms: $1,560, 4-bedrooms: $2,020. The most common rental property sizes in Avondale, New Orleans, LA are 2-bedroom and 1-bedroom, accounting for 36.5% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,410 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $936 | $966 |
| 2 Bed Rent | $1,300 | $1,260 |
| 3 Bed Rent | $1,600 | $1,560 |
| 4 Bed Rent | $1,650 | $2,020 |
% of Rental Stock
Property Listings — Avondale, New Orleans, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Avondale, New Orleans, LA is 67. This is a decrease of -17.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $197,000 | 0.0% |
Listing Count | 61 | -24.0% |
| Listings as % of Homes | 0.7% | -24.0% |
Days on Market | 67 | -17.0% |
Demographics — Avondale, New Orleans, LA
As of the latest ACS Survey released in 2023, Avondale, New Orleans, LA has a population of 24,800, which has decreased by -2.0% over the past 5 years. Avondale, New Orleans, LA is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 24.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,800 | -2.0% |
% Under 18 | 23.8% | -7.4% |
% Seniors | 15.2% | 17.8% |
% WFH | 4.7% | 46.9% |
% w/ College Degree | 24.7% | 41.1% |
As of the latest ACS Survey released in 2023, Avondale, New Orleans, LA is a predominantly black area, with 91.8% of the population identifying as black. The black population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Avondale, New Orleans, LA is hispanic, making up 3.7% of the population. Foreign-born residents account for 2.6% of the population in Avondale, New Orleans, LA, and this percentage has increased by 62.5% 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 | 2.4% | 41.2% |
% Black | 91.8% | -3.0% |
% Hispanic | 3.7% | 146.7% |
% Asian | 0.7% | -36.4% |
% Foreign Born | 2.6% | 62.5% |
Mortgage and Risk — Avondale, New Orleans, LA
Avondale, New Orleans, LA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Avondale, New Orleans, LA
As of 2024, the percent of homes in Avondale, New Orleans, LA under the Section 8 program is 49.9%. 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 Avondale, New Orleans, LA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 2,394 |
Total Units Section 8 | 2,394 |
% Rentals under Section 8 | 49.9% |
% Occupied Section 8 | 95.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $214 | $936 | $1,150 |
| 2 Bedroom | $80 | $1,300 | $1,380 |
| 3 Bedroom | $160 | $1,600 | $1,760 |
| 4 Bedroom | $420 | $1,650 | $2,070 |
Affordability — Avondale, New Orleans, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $159,000 |
| Median Household Income | $41,500 |