70128 — Orleans Parish, Louisiana Market Snapshot
Housing market data for zip code 70128 in Orleans Parish, Louisiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
22 sales in 2026 (year to date)
Median Sale Price
$182,857
Days to Sell
114
Homes Sold
22
Inventory
50
Sale-to-List
95.0%
New Listings
28
Price/SqFt
$95
Pending Sales
29
Conforming Loan Available
Most homebuyers in 70128 can comfortably use conventional financing. The median home price of $182,857 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 114 days on average, 70128 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 70128 sells for 5.0% below asking price (95.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 70128 can comfortably use conventional financing. The median home price of $182,857 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 70128 are set at the county level.
2026 Loan Limits — Orleans Parish
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 70128
To purchase the median home at $182,857 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,551.
Monthly Payment
$1,551
Income Required
$66,471
Principal & Interest
$1,127/mo
Down Payment (5%)
$9,143
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 70128.
Estimated Monthly Payment
$1,282
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