ZIP Code 70116 — New Orleans, LA Home Prices (2026)

The typical home in ZIP 70116 (New Orleans, Louisiana) is worth about $310,000 at roughly $421 per square foot — 36% more expensive than the New Orleans median and 5% more expensive than the typical U.S. home.

$310,000

Typical home value

$421

Price per sq ft

#6 of 17

New Orleans ZIPs by value

+36%

vs New Orleans median

How 70116 compares

ZIP 70116 is one of the pricier ZIP codes in New Orleans: its typical home value of $310,000 ranks #6 of the 17 New Orleans ZIP codes we track (the citywide range runs from $151,000 in 70126 to $529,000 in 70115). Per square foot it costs about $421, against $189 for New Orleans as a whole, $136 for Louisiana, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 70116	$310,000	$421
New Orleans, LA	$228,000	$189
Louisiana	$194,000	$136
United States	$294,000	$195

Home value by size in 70116

Using this ZIP’s rate of about $421 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$421,000
1,500 sq ft	$631,500
2,000 sq ft	$842,000
2,500 sq ft	$1,052,500
3,000 sq ft	$1,263,000

Salary needed to buy a home in ZIP 70116

To buy the typical $310,000 home in ZIP 70116 with 20% down, you need a household income of roughly $84,000 a year (about $1,970 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $100,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$15,500	$2,450/mo	$105,000/yr
10% (+PMI)	$31,000	$2,340/mo	$100,000/yr
20%	$62,000	$1,970/mo	$84,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 70116

At about $421 per square foot, here is roughly how much home different budgets get you in ZIP 70116:

Budget	Approx. size	What that looks like locally
$150k	360 sq ft	below the local median — condos, smaller or older homes
$200k	480 sq ft	below the local median — condos, smaller or older homes
$250k	590 sq ft	around the typical home here
$300k	710 sq ft	around the typical home here
$400k	950 sq ft	around the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 70116 home.

Estimate a specific home in 70116

The estimator below is pre-set to ZIP 70116 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All New Orleans ZIP codes by home value

Where 70116 sits among New Orleans’s 17 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	70115	$529,000	$329
2	70124	$509,000	$241
3	70130	$446,000	$357
4	70118	$365,000	$243
5	70112	$331,000	$413
6	70116 (this page)	$310,000	$421
7	70119	$296,000	$218
8	70125	$287,000	$189
9	70113	$228,000	$327
10	70122	$220,000	$172
11	70131	$213,000	$130
12	70117	$175,000	$161
13	70128	$175,000	$114
14	70127	$166,000	$116
15	70114	$163,000	$171
16	70129	$152,000	$117
17	70126	$151,000	$108

ZIP 70116 home prices: frequently asked

What is the average home price in ZIP code 70116? +

The typical home in ZIP 70116 (New Orleans, LA) is worth about $310,000 as of 2026. That is 36% more expensive than the New Orleans median of $228,000 and 5% more expensive than the U.S. median of $294,000.

What is the price per square foot in 70116? +

About $421 per square foot in 70116, versus $189 across New Orleans and $136 across Louisiana. At that rate a 1,500 sq ft home runs roughly $631,500 and a 2,500 sq ft home about $1,052,500.

What salary do you need to buy a house in ZIP 70116? +

For the typical $310,000 home in ZIP 70116, a household income of about $84,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $100,000; with 5% down about $105,000.

Is 70116 an expensive ZIP code? +

Within New Orleans, 70116 ranks #6 of 17 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in New Orleans. Nationally it is about average.

See the full New Orleans home values page, all Louisiana cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.