Land Market Insights and Pricing in Orleans Parish, Louisiana

Orleans Parish, Louisiana, offers a unique landscape defined by its position on the Mississippi River Delta. Bounded by Lake Pontchartrain and Lake Borgne, the parish features a stark contrast between its urban core and vast wetlands. The eastern half is dominated by fragile coastal marshland, while the western portion houses the vibrant city of New Orleans. With property taxes at 0.82%, slightly below the national average, Orleans presents diverse land opportunities. However, potential buyers should note the area's high flood risk due to its low-lying terrain. The parish's economy, anchored by educational and healthcare services (29.1% of employment), contributes to a median home price of $296,400. Despite challenges like a 7.8% unemployment rate, Orleans' resilience to natural disasters and its rich cultural tapestry make it an intriguing destination for land investment.