New Orleans $350K Buyer Report: May 2026
What's active right now, what the payments look like, and why FHA actually wins on monthly cost at this price point this week
If you’re shopping around the $350K range, here’s what’s actually available in Orleans Parish right now, a 2021 new build in the Marigny, a Mid-City double, two Algiers Point homes, and a cute renovated single in Fontainebleau. Also, its Mother’s Day this Sunday...!
1904 Frenchmen St, New Orleans 70116
$349,900 | 2 bed · 2 bath · 1,466 sqft New Marigny
A 2021 build, fully gated, two off-street parking spots, hardwood floors, GE Café appliances, quartz counters, marble primary bath, covered paver patio, spray foam insulation, tankless water heater. One thing to know: the solar panels are leased and the lease transfers to the buyer. Verify the terms before you make an offer.
4812-14 Conti St, New Orleans 70119
$350,000 | 4 bed · 2 bath · 1,708 sqft · Double Mid-City
A 1925 Arts and Crafts double four blocks from City Park and three blocks from the Canal Street streetcar. Heart pine floors, 9-ft ceilings, original windows, decorative mantels. New roof 2021, new gutters 2024, new electrical 2012, new AC on both sides 2024. Each unit has its own washer/dryer and separate fenced backyard. Total current rent is $1,300/month.
915 Opelousas St, New Orleans 70114
$345,000 | 2 bed · 2 bath · 1,892 sqft Algiers Point
The most square footage in this group at the lowest price. A 1915 Creole Cottage with a 2015 renovation: hardwood floors, soaring ceilings, loft flex space, clawfoot tub, covered rear patio, one parking spot. Quick access to downtown via the Crescent City Connection.
532 Elmira Ave, New Orleans 70114
$350,000 | 2 bed · 2 bath · 1,300 sqft Algiers Point
A 1926 raised cottage with a full 2025 restoration. Hardwood floors, updated baths, fireplace, detached garage and workshop, large fenced backyard. Three blocks from the Mississippi River. Flood Zone X.
7021 Fig St, New Orleans 70118
$345,000 | 2 bed · 2 bath · 1,273 sqft Fontainebleau
A renovated 1945 cottage with a slate roof, hardwood floors throughout, updated baths, sprawling backyard, and one parking spot. Steps from Carrollton Avenue, Ye Olde College Inn, and Rock ‘n Bowl. The floor plan has a flex room that could work as a third bedroom.
Below are two scenarios courtesy of Cameron Budzius at The Mortgage Firm.
Scenario #1 3% Down Conventional
Conventional Loan | 30 Year Fixed Rate Mortgage
Sales Price: $350,000
Loan Amount: $339,500
Interest Rate: 6.44%
Monthly Payment Breakdown:
P&I: $2,135.25
Homeowners Insurance: $233.00*
Property Taxes (with Homestead Exemption): $89.69
Mortgage Insurance: $141.46
Total Monthly Payment: $2,599.40
Cash to Close:
Down Payment: $10,500.00
Closing Costs: $7,500.00
Prepaids and Escrows: $6,000.00
Total Cash to Close: $24,000.00
Scenario #2 3.5% Down FHA
FHA Loan | 30 Year Fixed Rate Mortgage
Sales Price: $350,000
Loan Amount: $343,661
Interest Rate: 5.95%
Monthly Payment Breakdown:
P&I: $2,047.23
Homeowners Insurance: $233.00*
Property Taxes (with Homestead Exemption): $89.69
Mortgage Insurance: $157.47
Total Monthly Payment: $2,527.39
Cash to Close:
Down Payment: $12,250.00
Closing Costs: $7,500.00
Prepaids and Escrows: $6,000.00
Total Cash to Close: $25,750.00
*Homeowners insurance is estimated and will vary based on property, roof age, construction type, and carrier. Get a real quote before finalizing your numbers.
These are estimates. For exact figures, reach out to Cameron Budzius at The Mortgage Firm and tell him Phil sent you 😉
Looking to buy a house in this price range?
Philip Ewbank, Realtor Keller Williams Realty New Orleans 8601 Leake Ave, New Orleans, LA 70118 C: 504.335.7481 | O: 504.862.0100 Each office independently owned & operated. Licensed in the state of Louisiana. License #0995700196