ZIP Code 70118 — New Orleans city, LA Demographics & Data

ZIP code 70118 covers New Orleans, LA in Orleans Parish with a population of about 36,061.

At a glance, the area shows median age of 32.7 versus a U.S. median of about 38.9.

It sits in telephone area code 504; U.S. House district LA-2; the NEW ORLEANS media market.

New Orleans, LA sits in a university / college context (near tulane university of louisiana (0.4 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 70118 is about $62,665 — about 17% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 24.3%; unemployment rate near 7.1%; 54.0% of adults with a bachelor’s degree or higher (about 20.3 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Education, Healthcare, and Professional services; about 14.8% of workers reporting work-from-home (roughly in line with the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $451,600 — about 30% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,064 (about 9% below the U.S. median rent ($1,163)), and owner-occupancy near 50.4% (about 15.0 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 70118 in New Orleans, LA, a household would need roughly $124,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,901. That is about 98% above the local median household income ($62,665), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Climate normals for New Orleans city, LA show little to no average snow and around 64.6 inches of annual precipitation.

IRS migration statistics show a net inflow of about 1,427 for ZIP 70118 (New Orleans city, LA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.