Home Value Estimator For New Orleans, LA
There are currently 119,548 real estate properties
in New Orleans, LA,
with a median automated valuation model (AVM) price
of $246,227.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in New Orleans, LA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in New Orleans, LA,
is $349,830.00, with the most expensive house
in New Orleans, LA, topping out
at $12,109,429.00 and the cheapest home
in New Orleans, LA,
clocking in at $10,018.00. In other words, there’s
something for every potential homebuyer
or savvy investor in New Orleans, LA!
Rent Prices
In New Orleans, LA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in New Orleans, LA, is on
a rollercoaster ride. The
average rent price in New Orleans, LA,
is $1,663.00. Indeed, when looking to rent in
New Orleans, LA, you can expect to pay as little
as $590.00 or as much
as $4,520.00,
with the average rent median estimated to
be $1,530.00. The good news is that finding
an affordable and desirable property to rent in New Orleans, LA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
