ZIP 70117 - 860Z200US70117 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 70117 for buying a home, investing in property, or starting a business, understanding the local demographics and housing landscape is essential. Located in New Orleans, Louisiana, this area offers a unique blend of cultural diversity and economic opportunity. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 70117.

Population & Households

ZIP 70117 is home to a population of 26,250 residents, making it a moderately sized community within the New Orleans area. These individuals are distributed across 11,882 households, reflecting a mix of family and individual living arrangements. With 15,821 total housing units in the area, there’s a notable number of vacant or seasonal properties, which could signal opportunities for investors or buyers looking for available homes. The ratio of households to population suggests an average household size of roughly 2.2 people, indicating a community with a blend of smaller households and potentially single-occupancy residences.

Income & Housing Costs

The median household income in ZIP 70117 stands at $41,645, which is below the national average but reflective of the economic diversity in parts of New Orleans. For homebuyers and investors, the median house value of $247,600 offers a relatively accessible entry point compared to higher-priced urban markets. However, this value also suggests potential for appreciation, especially in a culturally rich and historically significant area like this one. For renters, the median rent of $1,191 per month indicates a competitive rental market, which could be a factor for small-business owners considering employee housing costs or for investors eyeing rental properties.

Race & Ethnicity

The racial and ethnic composition of ZIP 70117 highlights a predominantly Black community, with 60.08% of residents identifying as Black or African American. White residents make up 29.63% of the population, while Hispanic or Latino individuals account for 4.62%. Asian residents represent a smaller share at 0.31%. This diversity shapes the cultural fabric of the area, offering a vibrant community for residents and businesses alike. For small-business owners, understanding this demographic mix can help tailor products, services, and marketing strategies to resonate with local consumers.

Key Facts

• Total population: 26,250 residents in ZIP 70117.
• Total households: 11,882, with an average household size of about 2.2 people.
• Total housing units: 15,821, indicating potential availability of vacant properties.
• Median household income: $41,645, reflecting local economic conditions.
• Median house value: $247,600, a competitive price point for buyers and investors.
• Median rent: $1,191, relevant for renters and rental property investors.
• Racial composition: 60.08% Black, 29.63% White, 4.62% Hispanic, 0.31% Asian.

What This Means for You

For homebuyers, ZIP 70117 presents an opportunity to purchase at a median value of $247,600, which could be appealing if you’re seeking an affordable entry into a culturally vibrant area with room for growth. The presence of over 15,000 housing units, compared to fewer households, suggests availability, though you’ll want to assess property conditions and neighborhood specifics.

For investors and real estate agents, the gap between total housing units and occupied households hints at potential for flipping homes or developing rental properties, especially with a median rent of $1,191 that could attract tenants. The area’s diversity and moderate income levels also suggest demand for varied housing options.

For small-business owners, the demographic makeup and income data point to a community with specific needs and cultural preferences. Tailoring your offerings to resonate with a predominantly Black and diverse population could build strong customer loyalty. Additionally, consider the rental costs when planning employee housing or operational budgets.

For analysts, these metrics provide a baseline for deeper research into economic trends, housing demand, and community development in ZIP 70117, especially when paired with historical data or neighboring ZIP code comparisons.

Run This Study Yourself

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