CALCMONEY // MORTGAGE // LA // NEW ORLEANS // 70131
ZIP CODE ANALYSISHyper-local mortgage data for ZIP 70131 in New Orleans, LA.
$480,000
$384,000
$2,949
$126,387/yr
| Down Payment | Home Price | Loan Amount | Monthly P&I | Total Monthly | Rate |
|---|---|---|---|---|---|
| 10% Down | $480,000 | $432,000 | $2,845 | $3,265 | 6.9% |
| 20% Down | $480,000 | $384,000 | $2,529 | $2,949 | 6.9% |
| 25% Down | $480,000 | $360,000 | $2,371 | $2,791 | 6.9% |
Total monthly includes principal & interest, property tax (0.65% annual), and estimated homeowners insurance. PMI not included.
Algiers Point (ZIP 70131) sits within New Orleans, Louisiana with a median home price of $480,000 — significantly above the New Orleans city-wide median of $265,000. At 80% LTV, the typical loan of $384,000 remains within conforming loan limits, keeping conventional financing accessible.
Property taxes in ZIP 70131 run 0.65% annually, adding $260 per month on the median home. Median household income in this neighborhood is approximately $82,000, placing the price-to-income ratio at 5.9x. Louisiana levies a state income tax, which reduces take-home pay and should be factored into your maximum monthly payment calculation.