CALCMONEY // MORTGAGE // LA // NEW ORLEANS // 70118
ZIP CODE ANALYSISHyper-local mortgage data for ZIP 70118 in New Orleans, LA.
$720,000
$576,000
$4,424
$189,580/yr
| Down Payment | Home Price | Loan Amount | Monthly P&I | Total Monthly | Rate |
|---|---|---|---|---|---|
| 10% Down | $720,000 | $648,000 | $4,268 | $4,898 | 6.9% |
| 20% Down | $720,000 | $576,000 | $3,794 | $4,424 | 6.9% |
| 25% Down | $720,000 | $540,000 | $3,556 | $4,186 | 6.9% |
Total monthly includes principal & interest, property tax (0.65% annual), and estimated homeowners insurance. PMI not included.
Uptown New Orleans (ZIP 70118) sits within New Orleans, Louisiana with a median home price of $720,000 — significantly above the New Orleans city-wide median of $265,000. At 80% LTV, the typical loan of $576,000 remains within conforming loan limits, keeping conventional financing accessible.
Property taxes in ZIP 70118 run 0.65% annually, adding $390 per month on the median home. Median household income in this neighborhood is approximately $128,000, placing the price-to-income ratio at 5.6x. Louisiana levies a state income tax, which reduces take-home pay and should be factored into your maximum monthly payment calculation.