KEY TAKEAWAYS:

New Orleans marks 20 years since Hurricane Katrina

Median home value rose to $296,000 in 2023

Housing volume remains below pre-Katrina levels at 195,000 units

Vacant and blighted properties continue to challenge recovery

Since Hurricane Katrina hit in 2005, the housing market in New Orleans has fluctuated substantially as families rebuild both their homes and the city.

Friday will mark the 20-year anniversary of the destructive storm that is still considered the nation’s most costly and among its most deadly, resulting in $125 billion worth of damages to homes and infrastructure.

After Hurricane Katrina hit the coast, 80% of homes in New Orleans flooded, leaving the city in complete devastation. Of the evacuated residents, 61% returned to the city, resulting in a s

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