Why Gentilly Doubles Are Quietly Becoming the Hardest Asset to Find in New Orleans
3.5 months of inventory, $253k median purchase price, $1,800/mo rental demand. The numbers tell the story.
Gentilly is one of the most data-rich neighborhoods to track right now. Here’s the full picture across all three markets.
The $43,000 gap between median list and median sold is the number that matters most here. Sellers pricing at $275k are closing at $232k. Homes priced to that reality are moving in 42 days. Everything else is collecting time on market.
This is the most surprising number in this entire post. Only 14 active doubles in Gentilly with 4 closings in 30 days puts multifamily at roughly 3.5 months of inventory, seller-leaning territory. While single family sits at 12+ months, doubles are genuinely scarce. Investors paying attention to Gentilly should be focused here.
Rentals are leasing at $1,800/mo median with a 32-day turnaround. That’s a healthy leasing pace. With 39 active rentals and 10 leased in 30 days, renters have options but well-priced units aren’t sitting long.
The investment math: Gentilly doubles
Median purchase price: ~$253,000
Median gross rent per unit: ~$1,800/mo
Two units: ~$3,600/mo gross
That’s a rent-to-price ratio worth running through a full deal analyzer before someone else does.
What it means
Buyers: Best value play in the city at $174/sqft sold. Homes past 60 days DOM are your negotiation targets.
Sellers: Price to $232k median or expect a long wait. Condition matters more than ever in this supply-heavy market.
Investors: The doubles story here is the real headline. Low inventory, reasonable purchase prices, and $1,800/mo rental demand is a combination that doesn’t last forever.
Renters: $1,800/mo median with 32-day leasing pace, move quickly on well-priced units, shop carefully on anything sitting past 45 days.
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