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Housing market/Louisiana/ZIP 70115

ACS 2023 · FY2027 SAFMR

ZIP 70115 New Orleans, Louisiana

New Orleans-Metairie, LA HUD Metro FMR Area · Louisiana. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
31,737
Households
13,817
Median HH income
$94,181
Renter share
45.1%
Median gross rent
$1,442
Vacancy
23.8%
Pop. change
-7.1%
2BR SAFMR
$1,980
SAFMR / rent
1.373×
2–49 unit stock
8,959
LIHTC proj / units
8 / 679
HUD assisted MF
1 / 12

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 70115 · LA — sent to you.

ZIP 70115 · LA

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ACS rent vs 2BR SAFMR

ZIP 70115 — New Orleans, LA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,442
2BR SAFMR$1,980
90% floor$1,782
110% ceiling$2,178

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 70115

  • 1-unit detached6,97138.4%
  • 1-unit attached1,8009.9%
  • 2–4 units6,34935.0%
  • 5–49 units2,61014.4%
  • 50+ units3542.0%
  • Mobile500.3%
TypeUnitsShare
1-unit detached6,97138.4%
1-unit attached1,8009.9%
2 units (duplex)4,29023.7%
3–4 units2,05911.4%
5–9 units1,3277.3%
10–19 units8504.7%
20–49 units4332.4%
50+ units3542.0%
Mobile500.3%

2–4 unit share 35.0% · 5–49 unit share 14.4% · combined 2–49 49.4%.

Units by bedrooms

Studio
501
1BR
3,938
2BR
6,495
3BR
4,648
4BR
2,071
5+
481

Rent burden

Rent ≥30% of income44.3%
Rent ≥50% of income24.4%
  • ACS median gross rent $1,442 (all bedrooms, occupied rentals).
  • Median contract rent $1,243.
  • Renters paying ≥30% of income 44.3%; ≥50% 24.4%.
  • FY2027 2BR SAFMR $1,980 (1.373× ACS median gross rent).

Population

31,737 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -7.1%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 8 projects, 679 units.
  • HUD project-based assisted MF: 1 properties, 12 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 318 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 70115 45.1% of occupied households are renters; vacancy is 23.8%; ACS median gross rent is $1,442; population changed -7.1% between the 2018 and 2023 ACS vintages; the housing stock includes 6,349 units in 2–4-unit structures and 2,610 units in 5–49-unit structures; 8 LIHTC projects totaling 679 units; FY2027 2BR SAFMR is $1,980 versus ACS median gross rent of $1,442. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Louisiana research

ZIP 70115 is a Census / HUD profile for New Orleans-Metairie, LA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 70115 — New Orleans, LA HUD Section 8 Payment Standards / SAFMR·Louisiana ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
70001New Orleans-Metairie, LA HUD Metro FMR Area49.0%$1,145$1,64070002New Orleans-Metairie, LA HUD Metro FMR Area49.2%$1,128$1,39070003New Orleans-Metairie, LA HUD Metro FMR Area23.3%$1,191$1,45070004New Orleans-Metairie, LA HUD Metro FMR Area——$1,43070005New Orleans-Metairie, LA HUD Metro FMR Area34.9%$1,160$1,44070006New Orleans-Metairie, LA HUD Metro FMR Area38.6%$1,206$1,46070009New Orleans-Metairie, LA HUD Metro FMR Area——$1,43070010New Orleans-Metairie, LA HUD Metro FMR Area——$1,43070011New Orleans-Metairie, LA HUD Metro FMR Area——$1,43070030New Orleans-Metairie, LA HUD Metro FMR Area7.4%$1,765$2,02070031New Orleans-Metairie, LA HUD Metro FMR Area13.1%$1,151$1,51070032New Orleans-Metairie, LA HUD Metro FMR Area28.7%$998$1,210

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Louisiana research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 70115?

ZIP 70115 (New Orleans-Metairie, LA HUD Metro FMR Area) has 31,737 residents, 13,817 households, a renter share of 45.1%, median household income of $94,181, and ACS 2023 median gross rent of $1,442. Vacancy is 23.8%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 70115?

ACS counts 4,290 units in 2-unit buildings, 2,059 in 3–4 unit buildings, 1,327 in 5–9, 850 in 10–19, and 433 in 20–49. Combined 2–49 unit stock is 8,959 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 70115?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,980. See the full schedule and 90–110% payment-standard band on the ZIP 70115 — New Orleans, LA HUD Section 8 Payment Standards / SAFMR.

Does this Louisiana ZIP profile include Georgia listings?

No. ZIP 70115 is Census / HUD research for New Orleans-Metairie, LA HUD Metro FMR Area. Jeff Crowe CRE does not list Louisiana property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.