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Single Family ResidenceResidential
$92,500$114 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 91How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

4040 VELIE ST

NEW ORLEANS, LA 70126
2
Beds
1
Baths
808 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
3,200 ft²
Lot SizeThe size of the land the home sits on, from county records.
1950
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$93K
$84K low$101K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$990 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$8,320 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$640
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$7,680
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$8,320
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$83,200

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyOrleans
Lot (acres)The size of the land the home sits on, from county records.0.07
HeatingThe type of heating system in the home.None

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Mary Bethune Elementary Literature/TechnologyA-
Elementary · Grades PK–8 · 0.9 mi
M
Benjamin Franklin Elementary Math and ScienceB
Middle · Grades PK–8 · 6.9 mi

District: Orleans Parish School District

Neighborhood · ZIP 70126These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.89
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.86
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.29

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.86%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.13%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.32%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.0%
PopulationHow many people live in this area.26,226
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,469 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$39,724
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$55,705
Average tempThe average temperature here across a full year.69°F
Annual precipHow much rain and melted snow falls here in a typical year.64 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

4040 Velie St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 94% of homes in Orleans Parish County
  • Costs more per square foot than 87% of homes in Desire Area
  • Smaller than 98% of homes in New Orleans 70126
  • Has a smaller lot than 88% of homes in New Orleans 70126
  • Older than 88% of homes in New Orleans 70126

What homes are worth in New Orleans 70126

Each bar is how many homes fall in that price range. The marker is this home.

This home
$53K$322K

This home is worth more than 20% of homes in New Orleans 70126.

How it measures up in New Orleans 70126

The dot is this home. The mark in the middle is the typical home in New Orleans 70126.

Estimated value$92,500
CheaperTypical $146,051Pricier

Pricier than 20% of homes nearby

Price per ft²$114
CheaperTypical $88Pricier

Pricier than 84% of homes nearby

Living area808 ft²
SmallerTypical 1,602 ft²Bigger

Bigger than 2% of homes nearby

Lot size3,200 ft²
SmallerTypical 0.14 acBigger

Bigger than 12% of homes nearby

Year built1950
OlderTypical 1970Newer

Newer than 12% of homes nearby

How 4040 Velie St ranks against every home in each area.
MeasureThis homeDesire AreaNew Orleans 70126Orleans Parish County
Estimated valuepricier than$92,50034% of homes20% of homes6% of homes
Price per ft²pricier than$11487% of homes84% of homes39% of homes
Living areabigger than808 ft²12% of homes2% of homes5% of homes
Lot sizebigger than3,200 ft²25% of homes12% of homes21% of homes
Year builtnewer than195022% of homes12% of homes50% of homes

About 4040 Velie St

How much is 4040 Velie St, New Orleans, LA worth?

The TopHap Estimate for 4040 Velie St, New Orleans, LA is $92,500 as of Sep 24, 2026. The likely range is $83,792 to $101,208. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 4040 Velie St, New Orleans, LA last sell?

4040 Velie St, New Orleans, LA last sold on May 21, 2013, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 4040 Velie St, New Orleans, LA?

4040 Velie St, New Orleans, LA has 2 bedrooms, 1 bathrooms, 808 square feet of living space and a 0.07-acre lot.

When was 4040 Velie St, New Orleans, LA built?

4040 Velie St, New Orleans, LA was built in 1950, making it 76 years old. The building has 1 story.

What schools serve 4040 Velie St, New Orleans, LA?

4040 Velie St, New Orleans, LA is assigned to Mary Bethune Elementary Literature/Technology (elementary), rated A-; Benjamin Franklin Elementary Math and Science (middle), rated B. All sit in Orleans Parish School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 4040 Velie St, New Orleans, LA compare to other homes in New Orleans 70126?

Among the 8,637 homes in New Orleans 70126, it is worth more than 20% of them ($92,500 against a typical $146,051), its price per square foot is higher than 84% of them ($114 against a typical $88), it is bigger than 2% of them (808 ft² against a typical 1,602 ft²), its lot is bigger than 12% of them (3,200 ft² against a typical 0.14 ac) and it is newer than 12% of them (1950 against a typical 1970). Measured against all of Orleans Parish County, it is worth more than 6% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 4040 Velie St, New Orleans, LA?

The 2025 property tax bill for 4040 Velie St, New Orleans, LA was $990. The county assessed it at $8,320.

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