FIPS 22071 · population 371,853 · part of New Orleans, LA
The latest county-level Zillow ZORI is $1,664 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.
| Bedrooms | HUD monthly FMR | Geography | Measurement boundary |
|---|---|---|---|
| Studio | $964 | Orleans Parish, LA | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 1 bedroom | $1,113 | Orleans Parish, LA | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 2 bedrooms | $1,331 | Orleans Parish, LA | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 3 bedrooms | $1,701 | Orleans Parish, LA | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 4 bedrooms | $1,996 | Orleans Parish, LA | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26
Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.
Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.
Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.
Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.
BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.
HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.
These Apartment List observations match the exact county Census code 22071. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.
Monthly overall-rent index; missing observations are not filled from another geography.
Orleans Parish presents a pre-cost-income-versus-resilience and liquidity tension. The supplied 8.06% gross yield pairs Zillow’s county median home value of $247,660 with a median monthly asking rent of $1,664, but neither measure captures operating costs or exit execution. This is a county for income-focused investigators who can verify property expenses and hazard coverage; buyers dependent on quick resale or narrow cost buffers warrant caution.
Zillow’s county value declined 1.96% year over year, while FHFA’s 2025 annual repeat-transaction HPI declined 1.39%. FHFA is an appreciation index, not a home value; its direction supports Zillow’s signal, but their different vintages and methods cannot produce one growth rate. The measured asking rent is market rent, whereas the HUD two-bedroom FMR is a payment standard, not an asking-rent estimate. The stated yield is before costs; the 0.83% effective property-tax rate and modeled 0.45% annual building-value loss ratio should be reviewed alongside the identified hurricane hazard.
Demand and buyer competition are mixed rather than demonstrated. Realtor.com’s MLS record shows 1,859 active listings and 17.49% with price reductions: visible asking supply and seller concessions, not closed-sale prices or independent proof of buyer demand. QCEW covered employment at county workplaces fell 0.38%; it is neither resident employment nor unemployment. Net migration was negative 2,054, and movers in had average AGI of $59,537 versus $67,470 for movers out. Non-occupant mortgage borrowers represented 16.68% of 2,614 purchases, identifying investor-mortgage participation but not cash-buyer competition or neighborhood bidding.
The thesis can break at property level. Insurance premiums, wind and flood deductibles, elevation, condition, repair scope, vacancy, operating expenses, financing terms and neighborhood closed-sale evidence are not published. Their absence prevents net-yield underwriting, hazard-specific insurability assessment and a conclusion on resale liquidity. Verify lease comparables rather than FMR, tax bills and exemptions, insurance quotes, flood history, inspection needs, and pending-to-closed transaction evidence before relying on county aggregates.
This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.
The selected direct-evidence ZIP/ZCTA matches show June 2026 Zillow asking-rent index values from $1,250 in 70127 to $1,796 in 70125, a $546 spread around a $1,613.50 median. The county Zillow value is $1,664. This spread makes the central question whether a particular listing’s asking rent, size, and lease terms fit the household’s budget and qualification threshold, rather than whether one countywide figure fits every search. Households should separate this market-reference range from the price of a candidate unit, because ZORI does not replace a specific unit’s bedroom count or included charges.
Zillow’s measure is a typical observed asking-rent index, not a bedroom-specific contract rent. In contrast, ACS 2024 five-year ZCTA median gross rent ranges from $1,069 in 70131 to $1,489 in 70115; it summarizes survey-reported gross rent in occupied homes. The packet’s HUD FMR is $1,331, a bedroom-specific administrative standard. Across these selected entries, Zillow sits from 6% below to 35% above that standard. ACS describes existing occupied housing over its survey period, while Zillow supplies an asking-rent market indicator and HUD sets a program benchmark rather than a market observation. These measures should be compared for context, but not merged or treated as interchangeable prices.
ACS’s 30%-or-more rent-burden share ranges from 41.2% in 70130 to 67.7% in 70127; the low ZORI endpoint is also the high-burden endpoint. ACS vacancy estimates run from 11.6% in 70122 to 39.6% in 70116, versus 20.3% for the county. These survey measures frame a trade-off rather than a supply count: vacancy neither proves an immediately rentable unit nor predicts a concession, and burden does not identify a particular listing’s tenant. A burden share is a distributional estimate for renters in the ZCTA, not a finding about a particular household or lease. For a first affordability screen, the annual income shown as needed at that rent share runs from $50,000 to $71,840; verify the actual household-income definition used by the landlord.
Coverage is limited to the selected direct-ZORI ZIP/ZCTA matches and is not an exhaustive inventory of Orleans Parish or of local rental options. Census ZCTAs are statistical areas, not USPS delivery ZIPs; they underpin the ACS survey estimates, while Zillow’s ZIP rent series and the HUD–USPS crosswalk serve different geographic functions. The packet assigns a ZIP to Orleans Parish by its largest HUD residential-address share, even though ZIPs can cross county lines. Before acting, check the property address, bedroom count, current asking rent, availability date, utilities, fees, deposits, lease length, income-screening rule, and whether the unit’s geography matches the relevant program or search area.
14 ZIP profiles passed the county gate; the 12 with the most renter households are shown.
| ZIP / ZCTA | Zillow asking rent | ACS gross rent | HUD 2BR | Burden 30%+ | Vacancy | Income screen | HUD county share |
|---|---|---|---|---|---|---|---|
| 70119 → | $1,593 | $1,354 | $1,331 | 56.2% | 17.2% | $64k | 100.0% |
| 70118 | $1,751 | $1,333 | $1,331 | 55.8% | 18.5% | $70k | 100.0% |
| 70115 | $1,743 | $1,489 | $1,331 | 46.8% | 24.4% | $70k | 99.9% |
| 70122 | $1,566 | $1,208 | $1,331 | 59.0% | 11.6% | $63k | 100.0% |
| 70117 | $1,509 | $1,269 | $1,331 | 54.7% | 23.9% | $60k | 100.0% |
| 70114 | $1,446 | $1,188 | $1,331 | 64.0% | 20.4% | $58k | 100.0% |
| 70127 | $1,250 | $1,137 | $1,331 | 67.7% | 12.3% | $50k | 100.0% |
| 70126 | $1,672 | $1,103 | $1,331 | 53.4% | 19.8% | $67k | 100.0% |
| 70130 | $1,695 | $1,473 | $1,331 | 41.2% | 35.3% | $68k | 100.0% |
| 70131 | $1,511 | $1,069 | $1,331 | 44.6% | 14.1% | $60k | 100.0% |
| 70125 | $1,796 | $1,334 | $1,331 | 55.8% | 17.7% | $72k | 100.0% |
| 70116 | $1,634 | $1,270 | $1,331 | 49.6% | 39.6% | $65k | 100.0% |
Open a five-digit report for asking rent, affordability, rent history and resale liquidity. Each row keeps its ZIP/ZCTA measurement scope.
| ZIP report | City label | Zillow rent | 1Y change | ACS burden 30%+ | Population |
|---|---|---|---|---|---|
| ZIP 70124 rental reportOrleans Parish | New Orleans, LA | $1,899 | ▼ 0.1% | 38.1% | 21,778 |
| ZIP 70118 rental reportOrleans Parish | New Orleans, LA | $1,751 | ▲ 4.3% | 55.8% | 36,072 |
| ZIP 70115 rental reportOrleans Parish | New Orleans, LA | $1,743 | ▲ 1.6% | 46.8% | 31,183 |
| ZIP 70119 rental reportOrleans Parish | New Orleans, LA | $1,593 | ▲ 1.0% | 56.2% | 37,253 |
| ZIP 70117 rental reportOrleans Parish | New Orleans, LA | $1,509 | ▲ 3.8% | 54.7% | 25,652 |
Zillow ZORI is an asking-rent index. ACS burden and population describe the Census ZCTA; missing observations remain n/a.
Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.
Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.
0.448% of building value expected lost per year
$2,606 median annual bill
10,057 in · 12,111 out
$59,537 arriving · $67,470 leaving
436 of 2,614 mortgages
Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.
A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.
| County | Population | Price | Rent | Yield | Hazard |
|---|---|---|---|---|---|
| Orleans Parish | 371,853 | $248k | $1,664 | 8.1% | hurricane |
| Jefferson Parish | 430,920 | $276k | $1,525 | 6.6% | hurricane |
| St. Charles Parish | 51,396 | $271k | $1,475 | 6.5% | hurricane |
| St. Bernard Parish | 44,419 | $209k | $1,512 | 8.7% | hurricane |
| St. John the Baptist Parish | 40,743 | $201k | $1,666 | 10.0% | hurricane |
| Plaquemines Parish | 22,803 | $278k | $2,125 | 9.2% | hurricane |
| St. James Parish | 19,528 | $210k | n/a | n/a | hurricane |
It is a median monthly asking market-rent measure; HUD FMR is separately reported as a payment standard.
No. Zillow is a county home-value series, while FHFA is an annual repeat-transaction HPI, and the supplied period labels differ.
No. It measures annual covered jobs at workplaces in the county.