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Market Reports

While the average price of a New Orleans single-family home rose only one percent in the last year, number crunching shows a different story when you zoom in on the city's specific zip codes. Lakefront home prices are up by five percent; Uptown's 70115 zip shows an 11 percent increase, and in the 70127 area, which includes New Orleans East, prices shot up by 14 percent. That data only represents renovated homes, but the fixer-uppers are holding their ground, too. The Advocate reports that the average sale price of unrenovated homes in Orleans Parish is now $79,623—a 47 percent increase from last year. [NOLA.com; Advocate]