Interested in purchasing investment houses in the 70116 zip code in New Orleans, LA?
The zip code 70116 is in Orleans county with a latitude of -90.064400000000 and longitude of 29.967250000000, is in the state of Louisiana. The average asking price of houses and condos is $346,305.00 and the average sale price was $242,968.00. this regions is classified as the New Orleans metro area and is in the 504 area code. The location in degrees is 29° 58' 2.1" N, 90° 3' 51.84" W. The county F.I.P.S. is 22071. The total land area is 1.3 square miles and the water area is 0.1 square miles. The zip code is on central standard time and observes daylight savings time.
The zip 70116 is in county number 071 and is L. Sector 10, L. Segment , H. Sector , and H. Segment . The population was 11,754 in 2019 and 11,507 in 2010. This further breaks down to 6,549 males (55.7%) and 5,204 females (44.3%). The median age of residents is 45.3 years. The population of the greater New Orleans-Metairie-Kenner, LA area is 1,187,772. The population density (people per square mile) is 9,100. This zip code has a combined total of 9,776 houses and condos. There are 3,699 rented appartments. 61% of residents rent versus the 61% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $59,437 and the average salary is $36,697. The median household income of individuals is $26,105.00 and the average is $72,160.00. This zip code has a mean commute time to work of 20.0 minutes. The unemployment rate is 7.8%. Income earners by percent breakdown as 78.60% (Under $50,000), 16.00% ($50,000-$100,000), and 5.30% earn over $100,000. 25.1% of residents live below poverty line versus the 19.0% in the state that are below this line. The cost of living index is 103.5. The educational breakdown is 85.4% have a high school education or higher, 42.6% have a bachelor's degree or higher, and 15.5% have some kind of profesional degree.
This area has 6,192 households and the average size is 1.9 people. Individuals who are single and have never been married are 49.9%, 25.3% are now married, 2.3% are separated, 6.3% are widowed, and 16.2% are divorced. The average yearly contribution amount given by people to charity was $5,600 versus the state average of $5,533. The percent of residents who gave to charity was 15.2%.
The estimated median value of houses and condos is $390,439. The median monthly owner costs of mortgage holders was $1,897, where as the costs for those who don't have a mortgage are $658. The median number of rooms in houses and condos are 5.5 versus apartments which had a median number of 3.5.
The real estate tax percent rate is 0.7% which equated to an average real estate tax amount payment of $2,665. In comparision, the average real estate tax percent rate in the state is 0.5% which equated to an average real estate tax amount payment in the state of $919. The median housing property tax percent for residents with mortgages was 0.8% which amounted to an average tax amount of $2,838. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.6% which amounted to an average tax amount of $2,507. Reported taxable interest for persons was $2,489, dividends $13,717, capital gains +$50,159, and itemized deductions $26,118. The average earned income tax credit is $2,147. The percent of individuals that use a tax preparer is 48.8%. The total average income taxes paid by individuals was $9,918. Businesses reported an average profit of $16,612.
Clover Grill
900 Bourbon St, New Orleans, LA 70116
Roberts Gumbo Shop
630 Saint Peters Street, New Orleans, LA 70116
Pere Antoine Restaurant
741 Royal St, New Orleans, LA 70116
Deanie's Seafood Restaurant
841 Iberville St, New Orleans, LA 70112 (0.9 miles away)
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