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New Orleans, LA · ZIP 70124 · Census Tract 22071005602 · 2027–2030 outlook
Current modeled value
$636K
Downside (P10)
$498K
-22% by 2030
Base Case (P50)
$634K
-0% by 2030
Upside (P90)
$905K
+42% by 2030
Base case: -0% by 2030, with a forecast range from -22% to +42%. The model forecasts this with 65% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $365K | $378K | $417K | $442K | $454K | $433K | $491K | $578K | $615K | $634K | $636K | $634K | $636K | $634K |
| YoY Change | +3.5% | +10.4% | +6.0% | +2.7% | -4.6% | +13.4% | +17.7% | +6.4% | +3.0% | +0.4% | -0.3% | +0.3% | -0.3% | |
| Downside (P10) | $525K | $499K | $498K | |||||||||||
| Upside (P90) | $773K | $832K | $905K |
The forecast range is moderate for this market over this horizon. Near-term outcomes are fairly tight, but the confidence interval widens meaningfully by 2030.
1-Year Spread
$525K to $773K
39.0% of median
5-Year Spread
$498K to $905K
64.0% of median
Use these nearby areas to compare price level, upside potential, and forecast risk.
Areas with the most similar current median values
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| New Orleans | $631K | $634K | +0.6% | |
| New Orleans (Tract 010900) | $623K | $707K | +13.4% | |
| New Orleans (Tract 009700) | $643K | $721K | +12.2% | |
| New Orleans (Tract 013400) | $646K | $702K | +8.7% | |
| New Orleans (Tract 009600) | $631K | $678K | +7.5% | |
| New Orleans (Tract 002600) | $640K | $679K | +6.2% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| New Orleans | $631K | $634K | +0.6% | |
| New Orleans (Tract 011900) | $664K | $789K | +18.7% | |
| New Orleans (Tract 008800) | $496K | $582K | +17.2% | |
| New Orleans (Tract 009000) | $720K | $834K | +15.8% | |
| New Orleans (Tract 013800) | $316K | $366K | +15.6% | |
| New Orleans (Tract 004600) | $596K | $686K | +15.1% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| New Orleans | $631K | $634K | $406K | |
| New Orleans (Tract 000605) | $133K | $144K | $79K | |
| New Orleans (Tract 001757) | $154K | $163K | $79K | |
| New Orleans (Tract 000602) | $142K | $148K | $79K | |
| New Orleans (Tract 000902) | $96K | $108K | $76K | |
| New Orleans (Tract 000901) | $122K | $127K | $73K |
Forecasts are probabilistic model outputs, not guarantees. The model uses historical data and economic indicators; it does not observe property-specific conditions. This is not financial, investment, or real estate advice. Learn more about our methodology.
Model
Homecastr World Model (Schrödinger Bridge v12)
Forecast Horizon
2027 to 2030
Schema Version
forecast_queue
Citation
Hardesty Lewis, D. (2026). Homecastr Home Price Forecast. Retrieved from homecastr.com.
Data Sources
Deep dive into property-level home price forecasts for parcels in this area.