3-digit ZIP regional index
Home appreciation in ZIP codes 701xxNew Orleans, LA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 701 changed +1.8% over the year to Q2 2026, compared with +2.9% for Louisiana and +3.0% for the United States.
The region covers ZIP codes 70112–70163. Most of its 2010 population lived in Orleans Parish (90%), Jefferson Parish (10%). Communities in the region include River Ridge, Jefferson, Harahan, Elmwood. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +1.8%
- 5-year change
- +10.1%
- Since Q1 1995
- +288%
- National rank (1 year)
- 673rd
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 701 vs Louisiana and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 701: 387.8
- Louisiana: 300.2
- New Orleans-Metairie, LA metro: 327.4
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 701 | LA | U.S. | Gap vs LA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +1.8% | +2.9% | +3.0% | −1.0 pts | −1.2 pts |
| 3 years | +2.0% | +6.3% | +12.9% | −4.4 pts | −10.9 pts |
| 5 years | +10.1% | +20.9% | +41.3% | −10.8 pts | −31.2 pts |
| 10 years | +35.3% | +42.1% | +93.3% | −6.7 pts | −58.0 pts |
| Since Q1 1995 | +288% | +200% | +292% | +87.5 pts | −3.8 pts |
If you bought in ZIP3 701 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +282% | $1,145,495 |
| Q2 2000 | +178% | $833,572 |
| Q2 2005 | +87.9% | $563,836 |
| Q2 2010 | +78.7% | $536,159 |
| Q2 2015 | +43.2% | $429,592 |
| Q2 2020 | +18.4% | $355,137 |
| Q2 2021 | +10.1% | $330,197 |
| Q2 2023 | +2.0% | $305,877 |
| Q2 2025 | +1.8% | $305,515 |
How ZIP3 701 ranks
Over the past year ZIP3 701 ranks 673rd of 882 3-digit ZIP regions nationally and 10th of 13 in Louisiana. Its one-year change is −1.2 pts versus the nation and −1.0 pts versus Louisiana. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Louisiana |
|---|---|---|
| 1 year | 673rd of 882 | 10th of 13 |
| 3 years | 867th of 882 | 11th of 13 |
| 5 years | 880th of 882 | 13th of 13 |
| 10 years | 875th of 882 | 11th of 13 |
| Since Q1 1995 | 349th of 879 | 1st of 13 |
Boom, bust, and recovery in ZIP3 701
ZIP3 701's index peaked in Q3 2007, fell 5.8% to its low in Q2 2010, and regained its peak in Q3 2012, about 5 years after the top. Today it sits +68.3% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| ZIP3 701 | Q3 2007 | Q2 2010 | -5.8% | Q3 2012 (5 yrs) | +68.3% |
| LA | Q1 2009 | Q2 2011 | -4.2% | Q2 2014 (5.2 yrs) | +53.7% |
| Metro | Q2 2007 | Q2 2011 | -9.1% | Q1 2015 (7.8 yrs) | +54.5% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 701's index has changed +75.1% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 701 after inflation | LA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -1.9% | -0.9% | -1.2% | -0.8% |
| 3 years | +9.8% | -7.2% | -3.2% | -6.3% | +2.8% |
| 5 years | +24.0% | -11.3% | -2.5% | -8.2% | +13.9% |
| 10 years | +39.1% | -2.7% | +2.1% | +1.8% | +39.0% |
| Since Q1 1995 | +121% | +75.1% | +35.6% | +47.9% | +76.8% |
Estimate appreciation for a home in ZIP3 701
Regional estimate
$405,993
- Estimated gain
- $105,993
- Index change
- +35.33%
- Start index
- 286.52
- End index
- 387.75
ZIP3 701 (New Orleans, LA area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 700 · Kenner, LA area | LA | +3.0% | +17.0% | +202% |
| 704 · Slidell, LA area | LA | +1.9% | +26.3% | +192% |
| 703 · Houma, LA area | LA | -4.3% | +14.7% | +196% |
| 707 · Central, LA area | LA | +3.9% | +28.2% | +214% |
| 708 · Baton Rouge, LA area | LA | +4.6% | +22.2% | +195% |
| 395 · Gulfport, MS area | MS | +3.2% | +42.4% | +222% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 387.75 |
| Q1 2026 | 384.25 |
| Q4 2025 | 386.50 |
| Q3 2025 | 379.80 |
| Q2 2025 | 380.75 |
| Q1 2025 | 377.21 |
| Q4 2024 | 377.48 |
| Q3 2024 | 384.43 |
| Q2 2024 | 372.61 |
| Q1 2024 | 374.63 |
| Q4 2023 | 371.55 |
| Q3 2023 | 378.05 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 701?
- Based on FHFA HPI® data for 3-digit ZIP region 701, the regional index changed +1.8% over the year to Q2 2026, +10.1% over five years, +35.3% over ten years, and +288% since Q1 1995.
- Is ZIP3 701 appreciating faster than Louisiana and the U.S.?
- Over the past year the region's index +1.8% compares with +2.9% for Louisiana and +3.0% for the U.S., a gap of −1.2 pts versus the nation. Over five years the gap versus the nation is −31.2 pts.
- Which ZIP codes are in 3-digit ZIP region 701?
- All ZIP codes that begin with 701. Census 2010 ZIP Code Tabulation Areas in this region run from 70112 to 70163 (21 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.