Market Snapshot
Lower 9th Ward, Orleans Parish, LA is a neighborhood market with a median home price of $120,951, a median monthly rent of $1,318, a GRM of 8.0x, and a price-to-rent ratio of 7.6.
Lower 9th Ward, Orleans Parish, LA
Median Home Price Price
$120,951 $121K
Median Monthly Rent Rent
$1,318 $1.3K
8.0x
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Comparable Markets
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Within Orleans Parish
Within LA
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Price
$157.3K
Rent
$1.4K
GRM
10.0x
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No in-state alternatives are available for this market yet.
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No in-state alternatives are available for this market yet.
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Price
$72.6K
Rent
$1.4K
GRM
4.0x
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GRM = home price / annual rent
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These charts compare the selected market against displayed similar markets for home prices, monthly rent, and GRM. The nearby similar markets table provides the accessible market names and current metrics.
Home prices
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Monthly rent
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GRM = home price / annual rent
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Region
Show
These charts compare the selected market against displayed similar markets for home prices, monthly rent, and GRM. The nearby similar markets table provides the accessible market names and current metrics.
Home prices
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Monthly rent
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GRM = home price / annual rent
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Lower 9th Ward
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Benchmark comparison
Compare Lower 9th Ward, LA to another market.
Compare to
Plum Orchard, LA
Lower 9th Ward, LA
Plum Orchard, LA
Delta
Median rent
$1,318
N/A
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Median price
$120,951
N/A
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YoY change
+$73
N/A
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Price-to-rent
7.6x
Data unavailable
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Key takeaways
- Lower 9th Ward, Orleans Parish, LA has a lower-grm screening profile: At 8.0x GRM, current rent may provide stronger support relative to price.
- Low GRM can also reflect operating friction, softer appreciation expectations, or local risk that GRM does not capture.
- Rent momentum is positive, with median rent up about $73 year over year.
- Next discovery step: compare Plum Orchard, Orleans Parish, LA from the Same county set.