Rent to Own Homes near New Orleans, LA

Top Reasons to Live in New Orleans LA

Housing Statistics

• In the past few years, New Orleans has been affected by a series of natural catastrophes that caused significant material damage as well as the loss of lives. The real estate market was also affected by the hurricane and is only now beginning to recuperate. Even so, at $130,000, the median home sale price in New Orleans remains noticeably lower than the national average. Ever since Hurricane Katrina, the city has witnessed a drop in population along with an increase in apartment vacancy rates. In fact, until a couple of years ago, New Orleans had one of the highest vacancy rates in the entire country. However, things have come a long way since then. With the development of new housing units and reconstruction of hurricane-damaged property, occupancy rates have been on the rise. Since a large number of people are starting over from the scratch, rent-to-own plans have emerged as a popular option.

Check out New Orleans, LA homes for sale, and rent to own