Comment by ghaff

To put numbers to it, according to Zillow, the average New Orleans home value is $263,349, down 8.3% over the past year and goes to pending in around 53 days. (That's the city at the top of the list.) Obviously there are some large historic homes in Uptown that go for a lot more than that, but that doesn't really line up with the typical "housing in unaffordable" storyline except to the degree that--as is almost certainly the case in New Orleans--the job market is pretty poor in general.