ZIP Code · LA

ZIP 70127

Part of New Orleans, LA

Pop. 23,107·Orleans Parish·53rd most expensive ZIP in Louisiana

Median rent (all units)

$1,414/mo

Year-over-Year

+4.3%

Month-over-Month

+1.0%

vs US Median

-$518

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 70127 · $1,414

More affordable than 79% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$970

1 BR

$1,120

2 BR

$1,340

3 BR

$1,710

4 BR+

$2,000

Research median

$1,340/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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Louisiana

Rent in ZIP 70127 changed +4.3% over the year to September 2026. Across the 75 Louisiana ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent has risen 2 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($40,765) is $1,019 a month. That covers HUD's Fair Market Rent for up to a studio ($970); a 1-bedroom is $1,120.

Rank in New Orleans

1st cheapest of 15 ZIP codes in New Orleans.

From Zillow's monthly rent index (ZORI) for ZIP 70127. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,968/yr

At $1,414/mo median

Location

CityNew Orleans

StateLA

CountyOrleans Parish

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 4.3% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+4.3% YoY, +1.0% MoM), not inventory.

Demographics

Who lives here

ZIP 70127 (New Orleans, LA) is roughly split between renters and owners, has a median income below the national average, 19.6% of residents hold a bachelor's degree or higher.

Population

23,107

Median income

$40,765

Median age

37.7

Renters

53%

Age distribution

23.9%

21.3%

24.2%

13.8%

16.8%

Under 1823.9%

18–3421.3%

35–5424.2%

55–6413.8%

65+16.8%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

90.1%

White2.5%

Black90.1%

Hispanic3.8%

Asian1.3%

Other2.3%

Education (25+)

17.1%

27.7%

35.5%

19.6%

No HS diploma17.1%

HS diploma27.7%

Some college35.5%

Bachelor's+19.6%

Housing tenure

47%

53%

Owner47%

Renter53%

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

2021 vs 2026

How ZIP 70127 in New Orleans, LA has changed in 5 years

Income

$28,283 → $40,765

up 44.1%

Population

25,177 → 23,107

down 8.2%

Renter share

55.8% → 53%

-2.8 pts

Bachelor's+

21.5% → 19.6%

-1.9 pts

Median age

35.3 → 37.7

+2.4 yrs

On the earnings side, the typical household in ZIP 70127 in New Orleans, LA now reports about $40,765, up from $28,283 in 2021. The population has contracted by 8.2% since 2021, moving from about 25,177 residents to roughly 23,107. Renters now make up 53% of households, compared with 55.8% five years ago.

Community

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Local insights

Tips for renters in ZIP 70127

About renting in ZIP 70127

Last updated: October 17, 2026

ZIP code 70127 covers New Orleans, LA. The median rent here is $1,414/mo as of October 2026. A 1-bedroom rents for a median of $1,120/mo. A 2-bedroom rents for a median of $1,340/mo.

At 42% of local median household income ($40,765/yr), ZIP 70127 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 70127?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (about $27/hour full-time) to afford the median rent of $1,414/mo in ZIP 70127. The local median household income is $40,765/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 70127?

Rent in ZIP 70127 has risen 4.3% over the past year.

How does ZIP 70127 compare to other ZIPs in Louisiana?

ZIP 70127 is in the middle among Louisiana ZIP codes for rent, ranking #53 of 92 at $1,414/mo. Over the year to September 2026, rent in ZIP 70127 changed +4.3%, against a typical +3.0% across the 75 Louisiana ZIP codes Zillow tracks.