70131 — Orleans Parish, Louisiana Market Snapshot
Housing market data for zip code 70131 in Orleans Parish, Louisiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
46 sales in 2026 (year to date)
Median Sale Price
$270,500
Days to Sell
50
Homes Sold
46
Inventory
100
Sale-to-List
97.2%
New Listings
88
Price/SqFt
$135
Pending Sales
79
Conforming Loan Available
Most homebuyers in 70131 can comfortably use conventional financing. The median home price of $270,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
70131's market is balanced with homes taking an average of 50 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 70131 sells for 2.8% below asking price (97.2% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 70131 can comfortably use conventional financing. The median home price of $270,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 70131 are set at the county level.
2026 Loan Limits — Orleans Parish
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 70131
To purchase the median home at $270,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,222.
Monthly Payment
$2,222
Income Required
$95,249
Principal & Interest
$1,667/mo
Down Payment (5%)
$13,525
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 70131.
Estimated Monthly Payment
$1,824
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