How much is a home worth in ZIP code 70131?

The typical home in 70131 is worth $213,074, based on the Zillow Home Value Index.

Are home values rising in 70131?

Home values in 70131 are down 3.6% over the past year, and down 0.8% a year over five years.

What is the typical rent in 70131?

A typical home in 70131 rents for about $1,390 a month, a gross rental yield of 7.8%.

What is the property tax rate in 70131?

The effective property tax rate in 70131 is 0.9% — roughly $1,930 a year on a typical home.

ZIP code 70131 has a population of 25,151 and a median household income of $62,389.

HousingHandbookReference data

…

U.S. ZIP Code · LA70131

Orleans Parish · New Orleans-Metairie, LA

Typical home value

$213,074^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.6%
5-year / yr: -0.8%
10-year / yr: +3.1%

Relative price

vs U.S.: -25.0%
vs metro: -7.3%
vs state: +17.3%

Price history

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

The typical home in 70131 is worth $213,074 — 7.3% below the New Orleans-Metairie, LA median. Over the past year, values have fallen 3.6%. Homes here rent for a typical $1,390 a month — a 7.8% 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: $1,390^[2]
Gross yield: 7.8%^[2]
Cap rate: 4.7%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $1,930^[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: 25,151^[3]
Median household income: $62,389^[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: 3
Middle: 0
High: 1

Edna Karr High School
High · Grades 9–12 · Edna Karr High School
1,131 students
Alice M Harte Elementary Charter School
Elementary · Grades PK–8 · Alice M Harte Elementary Charter School
738 students
Dwight D. Eisenhower Charter School
Elementary · Grades PK–8 · Dwight D. Eisenhower Charter School
622 students
Elan Academy Charter School
Elementary · Grades PK–8 · Orleans Parish
437 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 yield7.8%

Net yield (after ~40% expenses)4.7%

Annual rent$16,685

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$1,077

Loan principal$170,459

Down payment$42,615

Total interest paid$217,411

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 ratio1.02

Monthly cost to own$1,417

Monthly rent$1,390

Owning and renting are roughly even.

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: 54th percentile^[1]
Rental yield: 63rd percentile^[2]
Property tax: 93rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 70131?: The typical home in 70131 is worth $213,074, based on the Zillow Home Value Index.
Are home values rising in 70131?: Home values in 70131 are down 3.6% over the past year, and down 0.8% a year over five years.
What is the typical rent in 70131?: A typical home in 70131 rents for about $1,390 a month, a gross rental yield of 7.8%.
What is the property tax rate in 70131?: The effective property tax rate in 70131 is 0.9% — roughly $1,930 a year on a typical home.
Who lives in 70131?: ZIP code 70131 has a population of 25,151 and a median household income of $62,389.

#Comparable ZIPs

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

70079 vs 70131 →
Norco CDP, LA
Typical home
$212,470
Gross yield
—
70043 vs 70131 →
Chalmette CDP, LA
Typical home
$211,513
Gross yield
8.5%
70039
Boutte CDP, LA
Typical home
$210,988
Gross yield
—
70068
Laplace CDP, LA
Typical home
$210,760
Gross yield
10.1%
70080
Paradis CDP, LA
Typical home
$210,306
Gross yield
—
70032
Arabi CDP, LA
Typical home
$219,480
Gross yield
—

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Pit ZIP 70131 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · LA70131

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