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Flood insurance cost · ZIP 70124 · LA

Flood insurance cost in ZIP 70124 (unincorporated New Orleans/orleans Parish, LA)

What homeowners with a National Flood Insurance Program policy actually pay, from FEMA's records of 6,641 home policies in force on August 31, 2026.

ZIP code 70124 (unincorporated New Orleans/orleans Parish, LA)Policies in force on Aug 31, 2026

Median annual cost of NFIP flood insurance for a home

$1,259a year

Half of insured homes paid between $1,084 and $1,332. That is 8% more than the Orleans Parish median ($1,167). Most insured homes here are rated in zone X (61%).

$0$1,084 · $1,259 · $1,332$1,665
+16.6% vs Aug 31, 2025 (median $1,080)
6,641home policies in force
$1,294average cost (mean)
39%of insured homes in high-risk zones (A, V)
$250,000median building coverage

This is what policyholders paid, not a quote. Two neighbors can pay very different prices: NFIP prices depend on the building (elevation, foundation, number of floors, replacement cost), the coverage and deductible chosen and the distance to water (FEMA FloodSmart: premium factors). For a price for your building, ask an insurance agent. Private flood insurance is not included in these figures.

Cost by flood zone in ZIP code 70124

The flood zone on FEMA's map is one of the main price factors. Median and middle half of what insured homes paid, by the zone used to rate the policy.

Flood zoneMedianMiddle half (25th–75th percentile)AveragePoliciesvs last year
Zone VE / V
High risk, coastal		$4,603$3,695–$5,747$4,44852 (1%)+1.7%
Zone AE
High risk		$1,264$1,090–$1,490$1,3222,486 (37%)+15.8%
Zone AO
High risk, shallow		$1,232$1,084–$1,261$1,17745 (1%)+16.8%
Zone X
Moderate to low risk		$1,259$1,084–$1,267$1,2394,058 (61%)+16.7%

Not shown (fewer than 10 home policies): A, AH, A99/AR, D. Shares are of all insured homes; a few policies have no rated zone. "vs last year" compares medians with policies in force a year earlier.

Cost by type of building

All NFIP policies in force in ZIP code 70124, by what they insure.

Type of buildingPoliciesMedianAverage
Single-family home5,779$1,259$1,296
2–4 unit building784$1,307$1,343
Condo or apartment unit77$581$667
Whole residential building (5+ units or condo association)
One policy covers the whole building, so the cost is much higher than for a single home.		54$2,002$4,686
Non-residential building or unit
Businesses, churches, farm buildings and other non-residential property.		238$2,356$2,914

Not shown (fewer than 10 policies): manufactured (mobile) home.

6,933NFIP policies in force, any building
7,415insured units (condo association policies count every unit)
91%of home policies also cover contents
$100,000median contents coverage, when bought

One year on: ZIP code 70124

Policies in force on August 31, 2026 compared with a year earlier. Nationwide, practically all policies in both years carry FEMA's Risk Rating 2.0 occupancy codes, so both years use the same pricing system. The policies are not the same: some were new, some lapsed.

Aug 31, 2025Aug 31, 2026Change
Home policies in force6,8626,641−3.2%
Median annual cost$1,080$1,259+16.6%
Average annual cost$1,149$1,294+12.6%
All policies in force (any building)7,1546,933−3.1%

Flood claims history

Since 1978, NFIP policyholders in ZIP 70124 have filed 11,144 flood claims. 9,858 received a payment, for a total of $1.3 billion (an average of $134,790 per paid claim). The year with the most claims was 2005 (7,547 claims). Amounts are in dollars of the time, not adjusted for inflation.

02k4k6k8k1978: 93 claims, 67 paid, $233,518 in total1979: 19 claims, 12 paid, $73,736 in total1980: 88 claims, 67 paid, $208,003 in total19801981: 14 claims1982: 11 claims1983: 135 claims, 90 paid, $298,588 in total1985: 51 claims, 38 paid, $848,907 in total1988: 50 claims, 31 paid, $271,817 in total1989: 13 claims1990: 48 claims, 40 paid, $183,196 in total19901991: 55 claims, 47 paid, $313,268 in total1992: 13 claims1995: 999 claims, 800 paid, $7,792,429 in total19951996: 53 claims, 47 paid, $528,389 in total1997: 33 claims, 31 paid, $504,559 in total1998: 489 claims, 400 paid, $4,834,991 in total199820002001: 24 claims, 16 paid, $91,934 in total2002: 421 claims, 335 paid, $5,413,069 in total2003: 12 claims2004: 100 claims, 86 paid, $1,225,925 in total2005: 7,547 claims, 7,079 paid, $1,285,200,916 in total20052008: 77 claims, 58 paid, $1,778,483 in total2009: 29 claims, 18 paid, $373,674 in total20102011: 36 claims, 30 paid, $796,801 in total2012: 128 claims, 98 paid, $2,828,969 in total2015: 18 claims, 15 paid, $260,496 in total2017: 69 claims, 52 paid, $1,329,475 in total2020: 45 claims, 32 paid, $1,076,527 in total20202021: 375 claims, 274 paid, $10,567,619 in total2024: 46 claims, 39 paid, $1,073,637 in total
Flood claims per year of loss, 1978–2026. Years with fewer than 10 claims are left blank. Hover a bar for details.
All years with at least 10 claims (30)

Swipe the table sideways to see all columns.

Year of lossClaimsPaid claimsTotal paidAverage per paid claim
20244639$1,073,637$27,529
2021375274$10,567,619$38,568
20204532$1,076,527$33,641
20176952$1,329,475$25,567
20151815$260,496$17,366
201212898$2,828,969$28,867
20113630$796,801$26,560
20092918$373,674$20,760
20087758$1,778,483$30,664
20057,5477,079$1,285,200,916$181,551
200410086$1,225,925$14,255
200312<10––
2002421335$5,413,069$16,158
20012416$91,934$5,746
1998489400$4,834,991$12,087
19973331$504,559$16,276
19965347$528,389$11,242
1995999800$7,792,429$9,741
199213<10––
19915547$313,268$6,665
19904840$183,196$4,580
198913<10––
19885031$271,817$8,768
19855138$848,907$22,340
198313590$298,588$3,318
198211<10––
198114<10––
19808867$208,003$3,105
19791912$73,736$6,145
19789367$233,518$3,485

From 2016 to 2026: 535 claims (counting only years with at least 10). 2026 is a partial year. Claims are counted where the insured property is; they include buildings and contents, homes and businesses.

NFIP communities in this ZIP code

Unincorporated New Orleans/orleans Parish (6,630 home policies) · Unincorporated Jefferson Parish (11 home policies). A ZIP code can cross city and county lines; each policy is counted once, in the ZIP code reported for the insured building.