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Housing market/Louisiana/ZIP 70129

ACS 2023 · FY2027 SAFMR

ZIP 70129 New Orleans, Louisiana

New Orleans-Metairie, LA HUD Metro FMR Area · Louisiana. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
10,219
Households
3,075
Median HH income
$53,811
Renter share
29.9%
Median gross rent
$890
Vacancy
17.5%
Pop. change
-1.4%
2BR SAFMR
$1,450
SAFMR / rent
1.629×
2–49 unit stock
664
LIHTC proj / units
3 / 1,006
HUD assisted MF
1 / 170

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 70129 · LA — sent to you.

ZIP 70129 · LA

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ACS rent vs 2BR SAFMR

ZIP 70129 — New Orleans, LA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$890
2BR SAFMR$1,450
90% floor$1,305
110% ceiling$1,595

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 70129

  • 1-unit detached2,43165.3%
  • 1-unit attached42011.3%
  • 2–4 units2035.5%
  • 5–49 units46112.4%
  • 50+ units551.5%
  • Mobile1514.1%
TypeUnitsShare
1-unit detached2,43165.2%
1-unit attached42011.3%
2 units (duplex)340.9%
3–4 units1694.5%
5–9 units3519.4%
10–19 units631.7%
20–49 units471.3%
50+ units551.5%
Mobile1514.1%

2–4 unit share 5.4% · 5–49 unit share 12.4% · combined 2–49 17.8%.

Units by bedrooms

Studio
13
1BR
225
2BR
659
3BR
1,994
4BR
761
5+
75

Rent burden

Rent ≥30% of income43.1%
Rent ≥50% of income25.2%
  • ACS median gross rent $890 (all bedrooms, occupied rentals).
  • Median contract rent $644.
  • Renters paying ≥30% of income 43.1%; ≥50% 25.2%.
  • FY2027 2BR SAFMR $1,450 (1.629× ACS median gross rent).

Population

10,219 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -1.4%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 3 projects, 1,006 units.
  • HUD project-based assisted MF: 1 properties, 170 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 318 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 70129 29.9% of occupied households are renters; vacancy is 17.5%; ACS median gross rent is $890; population changed -1.4% between the 2018 and 2023 ACS vintages; the housing stock includes 203 units in 2–4-unit structures and 461 units in 5–49-unit structures; 3 LIHTC projects totaling 1,006 units; FY2027 2BR SAFMR is $1,450 versus ACS median gross rent of $890. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Louisiana research

ZIP 70129 is a Census / HUD profile for New Orleans-Metairie, LA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 70129 — New Orleans, LA HUD Section 8 Payment Standards / SAFMR·Louisiana ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
70001New Orleans-Metairie, LA HUD Metro FMR Area49.0%$1,145$1,64070002New Orleans-Metairie, LA HUD Metro FMR Area49.2%$1,128$1,39070003New Orleans-Metairie, LA HUD Metro FMR Area23.3%$1,191$1,45070004New Orleans-Metairie, LA HUD Metro FMR Area——$1,43070005New Orleans-Metairie, LA HUD Metro FMR Area34.9%$1,160$1,44070006New Orleans-Metairie, LA HUD Metro FMR Area38.6%$1,206$1,46070009New Orleans-Metairie, LA HUD Metro FMR Area——$1,43070010New Orleans-Metairie, LA HUD Metro FMR Area——$1,43070011New Orleans-Metairie, LA HUD Metro FMR Area——$1,43070030New Orleans-Metairie, LA HUD Metro FMR Area7.4%$1,765$2,02070031New Orleans-Metairie, LA HUD Metro FMR Area13.1%$1,151$1,51070032New Orleans-Metairie, LA HUD Metro FMR Area28.7%$998$1,210

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Louisiana research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 70129?

ZIP 70129 (New Orleans-Metairie, LA HUD Metro FMR Area) has 10,219 residents, 3,075 households, a renter share of 29.9%, median household income of $53,811, and ACS 2023 median gross rent of $890. Vacancy is 17.5%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 70129?

ACS counts 34 units in 2-unit buildings, 169 in 3–4 unit buildings, 351 in 5–9, 63 in 10–19, and 47 in 20–49. Combined 2–49 unit stock is 664 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 70129?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,450. See the full schedule and 90–110% payment-standard band on the ZIP 70129 — New Orleans, LA HUD Section 8 Payment Standards / SAFMR.

Does this Louisiana ZIP profile include Georgia listings?

No. ZIP 70129 is Census / HUD research for New Orleans-Metairie, LA HUD Metro FMR Area. Jeff Crowe CRE does not list Louisiana property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.