How much is a home worth in ZIP code 70115?

The typical home in 70115 is worth $521,494, based on the Zillow Home Value Index.

Are home values rising in 70115?

Home values in 70115 are down 1.6% over the past year, and down 0.8% a year over five years.

What is the typical rent in 70115?

A typical home in 70115 rents for about $1,720 a month, a gross rental yield of 4.0%.

What is the property tax rate in 70115?

The effective property tax rate in 70115 is 0.9% — roughly $4,609 a year on a typical home.

ZIP code 70115 has a population of 31,183 and a median household income of $90,182.

HousingHandbookReference data

…

U.S. ZIP Code · LA70115

Orleans Parish · New Orleans-Metairie, LA

Typical home value

$521,494^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.6%
5-year / yr: -0.8%
10-year / yr: +1.3%

Relative price

vs U.S.: +83.6%
vs metro: +127.0%
vs state: +187.0%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 70115 is worth $521,494 — 127.0% above the New Orleans-Metairie, LA median. Over the past year, values have fallen 1.6%. Homes here rent for a typical $1,720 a month — a 4.0% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,720^[2]
Gross yield: 4.0%^[2]
Cap rate: 2.4%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.9%^[3]
Typical annual tax: $4,609^[3]

#Climate risk

FEMA National Risk Index ratings for Orleans Parish. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Relatively Moderate
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively High
Hurricane: Very High
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 31,183^[3]
Median household income: $90,182^[3]

#Migration

Household moves in and out of Orleans Parish over a year, from IRS tax-return data.

Net migration: -2,103^[5]
Moved in: 10,107
Moved out: 12,210

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 6
Elementary: 3
Middle: 0
High: 2

The Willow School
Other · Grades K–12 · The Willow School
2,120 students
Benjamin Franklin Elem. Math and Science
Elementary · Grades PK–8 · Orleans Parish
734 students
Samuel J. Green Charter School
Elementary · Grades PK–8 · Samuel J Green Charter School
576 students
Sophie B. Wright Institute of Academic Excellence
High · Grades 6–12 · Sophie B Wright Institute of Academic Excellence
553 students
Young Audiences at Crocker Elementary
Elementary · Grades PK–8 · Young Audiences at Crocker Elementary
496 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.0%

Net yield (after ~40% expenses)2.4%

Annual rent$20,640

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,637

Loan principal$417,195

Down payment$104,299

Total interest paid$532,109

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio2.01

Monthly cost to own$3,454

Monthly rent$1,720

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 53rd percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 88th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 70115?: The typical home in 70115 is worth $521,494, based on the Zillow Home Value Index.
Are home values rising in 70115?: Home values in 70115 are down 1.6% over the past year, and down 0.8% a year over five years.
What is the typical rent in 70115?: A typical home in 70115 rents for about $1,720 a month, a gross rental yield of 4.0%.
What is the property tax rate in 70115?: The effective property tax rate in 70115 is 0.9% — roughly $4,609 a year on a typical home.
Who lives in 70115?: ZIP code 70115 has a population of 31,183 and a median household income of $90,182.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

70124 vs 70115 →
New Orleans, LA
Typical home
$503,647
Gross yield
4.7%
70130 vs 70115 →
New Orleans, LA
Typical home
$448,049
Gross yield
4.7%
70005
Metairie CDP, LA
Typical home
$422,188
Gross yield
5.3%
70118
New Orleans, LA
Typical home
$367,790
Gross yield
6.0%
70002
Metairie CDP, LA
Typical home
$361,792
Gross yield
4.7%
70006
Metairie CDP, LA
Typical home
$351,746
Gross yield
6.2%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 70115 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · LA70115

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