Home Insurance in New Orleans, Louisiana
Homes in New Orleans carry a median value of $315,700 - close to the Orleans Parish median.
The typical home in New Orleans was built around 1960. About 50% of homes were built before 1960, in line with Orleans Parish (50%). Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Housing in New Orleans breaks down to 56% single-family homes and 21% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In New Orleans, about 56% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 51% of occupied homes in New Orleans are owner-occupied. The vacancy rate is 20%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
61% of homes in New Orleans are primarily heated with electricity.
Orleans Parish's top FEMA-rated hazard is hurricane (Very High), per FEMA's National Risk Index. Orleans Parish had 65,695 active NFIP flood policies as of September 2026. See the full Orleans Parish home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Louisiana is $3,027 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $315,700 |
|---|---|
| Median year built | 1960 |
| Owner-occupied share | 51% |
| Share of owner-occupied homes with a mortgage | 56% |
| Top county hazard | Hurricane (Very High) |
| Active NFIP policies in Orleans Parish | 65,695 |
| Home insurance premium | $3,027 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)