New Orleans, LA

Population: 384,320
Average annual home appreciation rate: 8.42%
Total of homes for sale in this market: 232
Median home price: $200,114
Median Rent: $1,026
Home price range: 38.60% of homes are between $109,001 – $218,000
Median sales price: $200,000
Number of homes: 825
Median foreclosure sales price: $116,667
Foreclosure discount: 41.7%
Most common home type: 44.24% of homes are single family detached
Number of vacant homes: 21.95%
Number of renters: 54.37%
Number of owner occupied: 45.63%
Number people living below poverty level: 27.34%
Unemployment rate: 6.80%
Is this area perfect for real estate deals going on right now? In the last 10 years, New Orleans has experienced some of the highest home appreciation rates of any community in the nation, which makes it a very desirable location for the savvy buyer looking to purchase, hold, or rent property.

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