1031 Exchange New Orleans, Louisiana

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in New Orleans due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

New Orleans, Louisiana is a part of the New Orleans-Metairie, LA metropolitan area, and contains 61 zip codes, including: 70141, 70150, 70127, 70123, 70183, and 70167.

New Orleans Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the New Orleans, LA metropolitan area was $1,067, which is 18.03% lower than 2014 average rent. This represents a compounded annual growth rate of 3.37%. 2019 vacancy in New Orleans, LA was 4.60%.

The total population of the city of New Orleans, LA has grown 13.72% since 2010. As of 2018, the population was 391,006. The median household income of the New Orleans was $39,576, which is 34.36% lower than the national average.

  • metropolitan area New Orleans-Metairie, LA
  • avg rent $1,067
  • rent growth 18.03%
  • vacancy 4.60%
  • median income $39,576
  • population (2018) 391,006
  • population growth 13.72%
  • vs. nat'l avg 34.36%
  • zip codes 70112 70113 70114 70115 70116 70117 70118 70119 70121 70122 70123 70124 70125 70126 70127 70128 70129 70130 70131 70139 70141 70142 70143 70145 70146 70148 70150 70151 70152 70153 70154 70156 70157 70158 70159 70160 70161 70162 70163 70164 70165 70166 70167 70170 70172 70174 70175 70176 70177 70178 70179 70181 70182 70183 70184 70185 70186 70187 70189 70190 70195

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