Jul 28, 2025 - News
New Orleans has fewer "wealthy" renters than most metros
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New Orleans lags nationally for our share of "wealthy" renters, per a Redfin analysis of the latest Census Bureau data, and saw one of the country's biggest drops for its share of them between 2019 and 2023.
Between the lines: The income needed to afford a home here has risen less than the national average, a Redfin report says, which may mean that affluent people here may be more likely to have just bought a home instead.
Yes, but: That's not what's happening nationally.
- Rich renters are on the rise in 35 of the 50 most populous U.S. metros, the real estate site reports.
How they did it: Redfin defines "wealthy" as those with a household income in the top 20% locally. In New Orleans, that's $134,086.