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ZIP Code · LA

ZIP 70124

Pop. 21,778·Orleans Parish·5th most expensive ZIP in Louisiana
Median rent (all units)
$1,899/mo
Year-over-Year
+0.8%
Month-over-Month
-3.6%
vs US Median
-$66
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 70124 · $1,899
More expensive than 55% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,420
1 BR
$1,610
2 BR
$1,930
3 BR
$2,450
4 BR+
$2,920
Research median
$1,930/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$22,788/yr
At $1,899/mo median
Location
StateLA
CountyOrleans Parish
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.8% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.8% YoY, -3.6% MoM), not inventory.
Demographics

Who lives here

ZIP 70124 (New Orleans, LA) is majority owner-occupied, has a median income above the national average, 71.5% of residents hold a bachelor's degree or higher.

Population
21,778
Median income
$121,228
Median age
39.9
Renters
22.4%
Age distribution
24.5%
17.3%
27.7%
12.8%
17.8%
Under 1824.5%
18–3417.3%
35–5427.7%
55–6412.8%
65+17.8%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
74.4%
15.5%
White74.4%
Black5.1%
Hispanic15.5%
Asian3.7%
Other1.3%
Education (25+)
17.5%
71.5%
No HS diploma1.3%
HS diploma9.7%
Some college17.5%
Bachelor's+71.5%
Housing tenure
77.6%
22.4%
Owner77.6%
Renter22.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 70124 in New Orleans, LA has changed in 5 years

Rent
$1,601 → $1,899
up 18.6%
Income
$104,563 → $121,228
up 15.9%
Population
19,578 → 21,778
up 11.2%
Renter share
28.6% → 22.4%
-6.2 pts
Bachelor's+
68.7% → 71.5%
+2.8 pts
Median age
38.6 → 39.9
+1.3 yrs

The median rent in ZIP 70124 in New Orleans, LA stood at $1,601 in 2021 and currently runs about $1,899, reflecting a 18.6% increase over the period. On the earnings side, the typical household in ZIP 70124 in New Orleans, LA now reports about $121,228, up from $104,563 in 2021. The population has grown by 11.2% since 2021, moving from about 19,578 residents to roughly 21,778. Renters now make up 22.4% of households, compared with 28.6% five years ago. College-educated residents now make up 71.5% of adults here, versus 68.7% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 70124 in New Orleans, LA reflects that arc in its own way.

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Local insights

Tips for renters in ZIP 70124

About renting in ZIP 70124

Last updated: July 20, 2026

ZIP code 70124 covers New Orleans, LA. The median rent here is $1,899/mo as of July 2026. A 1-bedroom rents for a median of $1,610/mo. A 2-bedroom rents for a median of $1,930/mo.

At 19% of local median household income ($121,228/yr), ZIP 70124 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 70124?

As of July 20, 2026, the median monthly rent in ZIP 70124 (New Orleans, LA) is $1,899. This is based on aggregated data from public sources and community submissions.

How does ZIP 70124 rent compare to the US average?

ZIP 70124's median rent of $1,899/mo is $66 (3%) below the US national median of $1,965/mo.

How does ZIP 70124 compare to other ZIPs in Louisiana?

ZIP 70124 is one of the pricier ZIP codes in Louisiana, ranking #5 out of 91 ZIPs tracked at $1,899/mo.

How much income do you need to rent in ZIP 70124?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,899/mo in ZIP 70124. The local median household income is $121,228/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 70124?

Rent in ZIP 70124 has increased 0.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 70124 an affordable place to rent?

ZIP 70124 is considered very affordable for renters. At $1,899/mo, rent takes approximately 19% of the local median household income ($121,228/yr). The standard benchmark is 30%. ZIP 70124 falls comfortably within that range.

What percentage of ZIP 70124 residents rent vs. own?

According to Census data, approximately 22.4% of ZIP 70124 households are renters, while 77.6% are owner-occupied. ZIP 70124 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 70124 compare to the rest of New Orleans?

ZIP 70124 is pricier than New Orleans as a whole. At $1,899/mo, it's $235 above the New Orleans citywide median of $1,664/mo.

When was rent data for ZIP 70124 last updated?

Rent data for ZIP 70124 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $1,899/mo, rent takes ~19% of ZIP 70124's median household income ($121,228/yr). The standard benchmark is 30%.

ZIP 70124 19%Benchmark 30%
State income tax1.85–4.25%
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Schools nearby

Public schools near ZIP 70124 (New Orleans, LA)

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