ZIP 70115
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12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 70115 usually run 0.7% below trend in December and 0.8% above it in May, about $25 a month apart at today's median. Based on 9 years of data.
Rent in ZIP 70115 is at its highest level since Zillow's records here began in June 2016.
Rent in ZIP 70115 changed +2.5% over the year to September 2026. Across the 75 Louisiana ZIP codes Zillow tracks, the typical change was +3.0%.
From 2019 to 2024, rent in ZIP 70115 rose 23.9% while median household income rose 35.6% ($66,499 to $90,182). Income kept ahead of rent.
Rent in ZIP 70115 is 27% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($90,182) is $2,255 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,190); a 4-bedroom is $2,600.
9th cheapest of 15 ZIP codes in New Orleans.
ZIP 70114, 4 miles away, rents for 13% less ($1,458/mo), about $2,700 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 70115. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 70115 (New Orleans, LA) is roughly split between renters and owners, has a median income above the national average, 64.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 70115 in New Orleans, LA has changed in 5 years
The median rent in ZIP 70115 in New Orleans, LA stood at $1,362 in 2021 and currently runs about $1,679, reflecting a 23.3% increase over the period. Median household income rose from $80,672 to $90,182 between 2021 and 2024, a 11.8% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 9.0% since 2021, moving from about 34,261 residents to roughly 31,183. College-educated residents now make up 64.7% of adults here, versus 60.7% in 2021. Taken together, the five-year picture in ZIP 70115 in New Orleans, LA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 70115
Last updated: October 17, 2026
ZIP code 70115 covers New Orleans, LA. The median rent here is $1,679/mo as of October 2026. A 1-bedroom rents for a median of $1,430/mo. A 2-bedroom rents for a median of $1,720/mo.
At 22% of local median household income ($90,182/yr), ZIP 70115 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.
Frequently asked questions
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How does ZIP 70115 compare to other ZIPs in Louisiana?
How does ZIP 70115 compare to the rest of New Orleans?
At $1,679/mo, rent takes ~22% of ZIP 70115's median household income ($90,182/yr). The standard benchmark is 30%.
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