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Rental Insights for ZIP Code 70119 (New Orleans, LA)

Housing Rentals in ZIP Code 70119 (New Orleans, LA)

70119 ZIP Code in Louisiana

A Comprehensive Look at Rentals in the ZIP Code 70119

The 70119 ZIP Code is primarily associated with New Orleans, LA in Orleans County. The median housing rent in this Louisiana region is estimated at $1,029 per month. Approximately 65.8% of housing units in this Orleans County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 7.0%.

The median rent in ZIP Code 70119 of $1,029 per month is 19% higher than the aggregate Louisiana median monthly rent of $866, and is 3% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 37.2% of renters in ZIP Code 70119 pay between $1,000 and $1,499 per month for housing. That is 43% higher than in Louisiana overall, in which 26.1% of total state residents pay between $1,000 and $1,499 per month for housing. Just 0.3% of renters in ZIP Code 70119 pay $3,000 or more for monthly rent.

ZIP Code 70119 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 70119

See the chart below for a comparison of monthly rental costs in ZIP Code 70119, Louisiana, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 70119 along with those in the state of Louisiana and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 70119

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 70119 Louisiana U.S.
Less than $500 11.2% 14.0% 9.4%
$500 to $999 36.3% 51.5% 36.2%
$1,000 to $1,499 37.2% 26.1% 30.0%
$1,500 to $1,999 11.9% 6.2% 14.0%
$2,000 to $2,499 2.4% 1.6% 5.6%
$2,500 to $2,999 0.5% 0.4% 2.4%
$3,000 or more 0.3% 0.3% 2.4%

Rent Cost vs. Income in ZIP Code 70119

Renters in ZIP Code 70119 use an estimated 31.61% of their income to cover their monthly rent payments. That is about 3% higher than in Louisiana overall. The estimate for Louisiana overall is 30.69% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 70119 renters use about 6% more of their income to cover rent expense. Household income figures for ZIP Code 70119 come in lower than in Louisiana as a whole. The median annual household income in ZIP Code 70119 of $39,827 sits approximately 19% lower than the overall Louisiana median income of $49,469 and approximately 37% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 70119

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 70119, Louisiana, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 70119 along with the same calculations in the state of Louisiana and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 70119

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 70119 Louisiana U.S.
Less than 15.0 percent 8.5% 13.4% 13.1%
15.0 to 19.9 percent 13.9% 11.7% 12.9%
20.0 to 24.9 percent 12.0% 10.6% 12.9%
25.0 to 29.9 percent 9.9% 9.8% 11.6%
30.0 to 34.9 percent 8.1% 9.0% 9.1%
35.0 percent or more 47.7% 45.4% 40.5%

Household Income in ZIP Code 70119

See the table below for the regional comparison of annual household income in ZIP Code 70119.

Income ZIP 70119 Louisiana U.S.
Less than $10,000 14.3% 9.6% 6.0%
$10,000 to $14,999 7.7% 5.9% 4.3%
$15,000 to $24,999 13.1% 12.0% 8.9%
$25,000 to $34,999 10.1% 10.4% 8.9%
$35,000 to $49,999 14.3% 12.5% 12.3%
$50,000 to $74,999 13.5% 16.1% 17.2%
$75,000 to $99,999 9.5% 11.2% 12.7%
$100,000 to $149,999 9.6% 12.6% 15.1%
$150,000 to $199,999 3.6% 5.0% 6.8%
$200,000 or more 4.3% 4.6% 7.7%

Household Income in ZIP Code 70119

See the chart below for a comparison of annual household income figures in ZIP Code 70119, Louisiana, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 70119 alongside the same figures for the state of Louisiana and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 70119

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 70119.

ZIP 70119 Louisiana U.S.
Median Housing Rent $1,029 $866 $1,062
Renter-Occupied Housing Units 65.8% 34.4% 36.0%
Rental Vacancy Rate 7.0% 8.6% 6.0%
Average Size of Renter-Occupied Unit 1.96 2.48 2.49
Average # of Bedrooms Per Unit 2.01 2.75 2.75
Percent of Income Spent on Rent 31.61% 30.69% 29.83%
Per Capita Income $28,990 $27,923 $34,103
Median Household Income $61,069 $71,001 $88,607
Living Below the Poverty Line 17.2% 14.5% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 70119

In ZIP Code 70119 (New Orleans, LA), and estimated 65.8% of housing units are occupied by renters. This region has an approximate rental vacany rate of 7.0%.

The per capita income in 70119 is estimated at $28,990, which goes along with an estimated median household income of $61,069. About 17.2% of residents in this Orleans County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.96 occupants, while the units have an aggregate average size of 2.01 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 31.61% of their income on housing rental costs.

Rental FAQs for ZIP Code 70119

1

What is the median monthly rent in ZIP Code 70119?

Median rent for housing in ZIP Code 70119 in Orleans County in Louisiana is approximately $1,029 per month.
2

Is it expensive to rent in ZIP Code 70119?

Rent in ZIP Code 70119 is higher than average in the state of Louisiana overall. The median monthly rent of $1,029 in ZIP Code 70119 is approximately 19% higher than the Louisiana median of $866. Additionally, median rent in this New Orleans, LA region ($1,029) is about 3% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 70119?

High-priced rentals are not uncommon in ZIP Code 70119 when compared to Louisiana overall. The percentage of rentals in ZIP Code 70119 that cost $3,000 or more per month (0.3%) is about 0% roughly equal to the Louisiana rate of 0.3% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 88% higher than the aforementioned 70119 rate of 0.3%.
4

Are affordable rentals common in ZIP Code 70119?

Affordable rentals are less common in ZIP Code 70119 than in Louisiana overall. The percentage of housing rentals in ZIP Code 70119 costing $999 or less per month (47.5%) is approximately 27% lower than the Louisiana rate of 65.5% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 4% lower than the previously mentioned 70119 rate of 47.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 70119?

The most common range for rental cost in ZIP Code 70119 is between $1,000 and $1,499 per month. About 37.2% of renters in 70119 pay in this range for monthly rent. In comparison, approximately 26.1% of renters in the state of Louisiana fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 70119 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 70119 is lower than the rental vacancy rate in the state of Louisiana overall. Rental vacancy of 7.0% in ZIP Code 70119 is about 19% lower than the Louisiana rate of 8.6%. Looking more broadly, rental vacancy in this New Orleans, LA region (7.0%) is an estimated 17% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 70119? How does it compare to other Louisiana regions?

Median household income in ZIP Code 70119 is lower than in the state of Louisiana overall. Annual household income of $39,827 in ZIP Code 70119 is about 19% lower than the Louisiana median of $49,469. Additionally, median household income in this New Orleans, LA region ($39,827) is approximately 37% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 70119 spend on housing costs?

Renters in ZIP Code 70119 spend a higher amount of their income on rent costs than do renters in Louisiana overall. Renters in ZIP Code 70119 spend an estimated 31.61% of their income on rent payments, which is about 3% higher than the overall Louisiana estimated rate of 30.69%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 6% lower than the ZIP Code 70119 estimated rate of 31.61%.
9

Do renters in ZIP Code 70119 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 70119 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 70119 spending 30 percent or more of their income on rent costs (55.8%) is approximately 3% higher than the Louisiana rate of 54.4% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 13% lower than the aforementioned 70119 rate of 55.8%.
10

What is the average household size of renter-occupied units in ZIP Code 70119?

The average household size of renter-occupied units in ZIP Code 70119 is lower than in the state of Louisiana overall. Annual household size of 1.96 in ZIP Code 70119 is about 21% lower than the Louisiana median of 2.48. Additionally, median household size in this New Orleans, LA region (1.96) is approximately 21% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Louisiana ZIP Codes