Over the last few months, our friends at NeighborhoodX have analyzed house prices in New Orleans. So far, the analytics and research firm evaluated over 10 New Orleans neighborhoods in depth and released a global analysis of seventeen neighborhoods in the city.
Today, the research and analytics firm ranked 17 New Orleans neighborhoods from least to most expensive for September of 2017. Ranging from $28 to $999 per square foot, NeighborhoodX excluded short sales, foreclosures, and any uninhabitable listing in its analysis.
"At one end of this price range is the lowest-priced market-rate unit in Seventh Ward, at the other is the most expensive condo in the CBD," said Constantine A. Valhouli, Director of Research for NeighborhoodX.
This month, the French Quarter has regained its spot as the lone, most expensive neighborhood in New Orleans, priced at an average of $531/square foot. Last August, French Quarter tied with the Central Business District, which both had an average of $531/square foot. With an average of $436/square foot this September, the CBD now ranks as the second most expensive neighborhood.
While the Seventh Ward holds the least expensive listed property in New Orleans, $28/square foot, the Lower 9th Ward continues to reign as the least expensive neighborhood in New Orleans, with an average of $57/square foot.
To see more in depth information about the analyzed New Orleans neighborhoods, check out the graph below. Hover over any data bar to learn more about the break down of averages.