ZIP 70127 - 860Z200US70127 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 70127, located in New Orleans, Louisiana, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of nearly 25,000 and a predominantly Black community, this ZIP code presents unique characteristics for homebuyers, real estate investors, small-business owners, and analysts. From household income to housing costs, we’ve compiled the latest data to help you make informed decisions about living or working in this area.

Population & Households

ZIP 70127 is home to 24,769 residents, making it a moderately sized community within the New Orleans metro area. The area supports 9,646 households, reflecting a diverse range of family structures and living arrangements. With 10,719 total housing units, there’s a mix of occupied and vacant properties, which could signal opportunities for buyers or investors looking to enter the market. Understanding the population and household dynamics here is key to gauging community needs, whether you’re planning to settle down or launch a local business.

Income & Housing Costs

The median household income in ZIP 70127 stands at $41,548, which is below the national average but reflective of the economic conditions in parts of New Orleans. For homebuyers, the median house value of $191,200 offers a relatively affordable entry point compared to other urban markets, though it’s important to weigh this against income levels when assessing affordability. Renters face a median rent of $1,060 per month, which may appeal to those seeking alternatives to homeownership or investors eyeing rental properties. These figures provide a practical baseline for budgeting and financial planning in this ZIP code.

Race & Ethnicity

The racial and ethnic composition of ZIP 70127 is notably homogeneous, with 91.36% of residents identifying as Black or African American. White residents make up just 2.35% of the population, while Hispanic or Latino individuals account for 3.66%, and Asian residents comprise 0.65%. This demographic makeup shapes the cultural fabric of the area, influencing everything from community events to local business offerings. For businesses and investors, this data highlights the importance of tailoring services or marketing to resonate with the predominant demographic.

Key Facts

• Total population: 24,769 residents in 2023.
• Total households: 9,646, indicating a mix of family and individual living arrangements.
• Total housing units: 10,719, with some vacancy potential for buyers or investors.
• Median household income: $41,548, a critical factor for affordability assessments.
• Median house value: $191,200, offering a lower entry point for homeownership.
• Median rent: $1,060, relevant for renters and rental property investors.
• Racial composition: Predominantly Black (91.36%), with small percentages of White, Hispanic, and Asian residents.

What This Means for You

For homebuyers, ZIP 70127 presents an opportunity to purchase at a median value of $191,200, which could be attractive if you’re seeking affordability in an urban setting. However, consider the median income of $41,548 when planning your budget, as it may impact long-term financial comfort. Real estate investors and agents should note the spread between housing units (10,719) and households (9,646), suggesting potential vacancies to target for rental or flip opportunities, especially with a median rent of $1,060. Small-business owners can leverage the area’s demographic profile—predominantly Black with a sizable population of 24,769—to offer products or services that meet community needs, from culturally relevant goods to essential services. Analysts can use this data to track trends in housing affordability and demographic shifts, providing deeper insights for clients or research. Across all groups, understanding ZIP 70127’s unique makeup is the first step to making strategic decisions.

Run This Study Yourself

• Curious about diving deeper into ZIP 70127 or comparing it to another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your specific interests.
• Use the insights to inform your next move, whether you’re buying a home, investing in property, or planning a business venture in a new location.