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.
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…