New Orleans, LA

The Good

• ✓Good average school ratings (6.9 average, with some high-rated options).
• ✓Low flood risk (Zone X) is a major advantage in New Orleans.
• ✓Somewhat walkable with some bike infrastructure.
• ✓Vibrant cultural scene, dining, and nightlife opportunities inherent to New Orleans.
• ✓Diverse community with a significant percentage of college-educated residents.

Real Talk

• !New Orleans generally experiences higher rates of both violent and property crime, which is a consideration for living in this area.
• !The area is predominantly renter-occupied (over 60%), which can sometimes lead to less long-term community stability compared to owner-occupied neighborhoods.
• !Public transit options are present but not extensive, meaning car dependency is likely for many errands and commutes.
• !Median household income ($53,143) is moderate compared to the estimated current median home price, which may pose affordability challenges for potential homebuyers.
• !Louisiana's climate means hot, humid summers, which can be challenging for some.
• $Homeowner's insurance, especially for hurricane coverage, can be significantly higher than national averages, even in low flood risk zones.
• $Utility costs for air conditioning during long, hot summers can be substantial.
• $Property taxes in New Orleans are generally low, but unexpected maintenance for older homes is common.
• $Car maintenance costs can increase due to the wear and tear from city driving and road conditions.

Best For

Risk Snapshot