How much is a home worth in ZIP code 70117?

The typical home in 70117 is worth $174,105, based on the Zillow Home Value Index.

Are home values rising in 70117?

Home values in 70117 are down 3.2% over the past year, and down 4.1% a year over five years.

What is the typical rent in 70117?

A typical home in 70117 rents for about $1,559 a month, a gross rental yield of 10.7%.

What is the property tax rate in 70117?

The effective property tax rate in 70117 is 0.8% — roughly $1,454 a year on a typical home.

ZIP code 70117 has a population of 25,652 and a median household income of $45,764.

HousingHandbookReference data

…

U.S. ZIP Code · LA70117

Orleans Parish · New Orleans-Metairie, LA

Typical home value

$174,105^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.2%
5-year / yr: -4.1%
10-year / yr: +1.6%

Relative price

vs U.S.: -38.7%
vs metro: -24.2%
vs state: -4.2%

Price history

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

The typical home in 70117 is worth $174,105 — 24.2% below the New Orleans-Metairie, LA median. Over the past year, values have fallen 3.2%. Homes here rent for a typical $1,559 a month — a 10.7% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,559^[2]
Gross yield: 10.7%^[2]
Cap rate: 6.4%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $1,454^[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: 25,652^[3]
Median household income: $45,764^[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: 4
Elementary: 1
Middle: 0
High: 2

KIPP Leadership
Elementary · Grades PK–8 · KIPP Leadership
949 students
Dr. Martin Luther King Charter School for Sci Tech
Other · Grades PK–12 · Dr Martin Luther King Charter School for Sci Tech
882 students
Frederick A. Douglass High School
High · Grades 9–12 · Frederick A. Douglass High School
673 students
New Orleans Center for Creative Arts
High · Grades 9–12 · New Orleans Center for Creative Arts
227 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 yield10.7%

Net yield (after ~40% expenses)6.4%

Annual rent$18,704

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$880

Loan principal$139,284

Down payment$34,821

Total interest paid$177,649

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 ratio0.74

Monthly cost to own$1,147

Monthly rent$1,559

Owning 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: 16th percentile^[1]
Rental yield: 93rd percentile^[2]
Property tax: 84th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 70117?: The typical home in 70117 is worth $174,105, based on the Zillow Home Value Index.
Are home values rising in 70117?: Home values in 70117 are down 3.2% over the past year, and down 4.1% a year over five years.
What is the typical rent in 70117?: A typical home in 70117 rents for about $1,559 a month, a gross rental yield of 10.7%.
What is the property tax rate in 70117?: The effective property tax rate in 70117 is 0.8% — roughly $1,454 a year on a typical home.
Who lives in 70117?: ZIP code 70117 has a population of 25,652 and a median household income of $45,764.

#Comparable ZIPs

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

70128 vs 70117 →
New Orleans, LA
Typical home
$173,884
Gross yield
—
70085 vs 70117 →
Poydras CDP, LA
Typical home
$167,574
Gross yield
—
70127
New Orleans, LA
Typical home
$166,701
Gross yield
9.7%
70092
Violet CDP, LA
Typical home
$164,946
Gross yield
—
70071
Lutcher, LA
Typical home
$164,783
Gross yield
—
70114
New Orleans, LA
Typical home
$164,321
Gross yield
11.3%

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Pit ZIP 70117 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · LA70117

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