The Home Buyer's Korner

Information presented should be used for educational purposes only.

March 28th, 2017

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GREATER METAIRIE LOUISIANA

S I 10 W/Pasadena Ave Neighborhood

70006

The Home Buyer’s Korner

Real Estate G+

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BUILDING THE DREAM OF HOME OWNERSHIP

S I 10 W / Pasadena Ave median real estate price is $66,563, which is less expensive than 89.1% of Louisiana neighborhoods and 89.1% of all U.S. neighborhoods.

The average rental price in S I 10 W / Pasadena Ave is currently $1,033, based on NeighborhoodScout’s exclusive analysis. The average rental cost in this neighborhood is higher than 63.6% of the neighborhoods in Louisiana.

S I 10 W / Pasadena Ave is a densely urban neighborhood (based on population density) located in Metairie, Louisiana.

S I 10 W / Pasadena Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the S I 10 W / Pasadena Ave neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in S I 10 W / Pasadena Ave. The current real estate vacancy rate here is 19.0%. This is higher than the rate of vacancies in 83.4% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout’s exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Notable & Unique: Real Estate

The S I 10 W / Pasadena Ave neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 96.9% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

In addition, renter-occupied real estate is dominant in the S I 10 W / Pasadena Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 97.1%, which is higher than 98.7% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Furthermore, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the S I 10 W / Pasadena Ave neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood’s real estate stock. In fact, no less than 35.1% of the real estate here is made up of such dwellings, which is higher than 95.3% of all U.S. neighborhoods.

Also of note, most neighborhoods are composed of a mixture of ages of homes, but the S I 10 W / Pasadena Ave stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you’ll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 80.3% of the residential real estate here was built in this one time period.

Notable & Unique: Diversity

Did you know that the S I 10 W / Pasadena Ave neighborhood has more Swiss and Arab ancestry people living in it than nearly any neighborhood in America? It’s true! In fact, 2.5% of this neighborhood’s residents have Swiss ancestry and 3.4% have Arab ancestry.

S I 10 W / Pasadena Ave is also pretty special linguistically. Significantly, 0.6% of its residents five years old and above primarily speak Yiddish at home. While this may seem like a small percentage, it is higher than 99.3% of the neighborhoods in America.

Notable & Unique: People

Single parenting is hard. But you don’t have to tell the S I 10 W / Pasadena Ave neighborhood about it; they already know. 25.0% of this neighborhood’s households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 98.6% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

In addition, of note, 65.8% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

Also, the S I 10 W / Pasadena Ave neighborhood stands out within Louisiana for its college student friendly environment. NeighborhoodScout’s analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it’s not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 9.8% of college-friendly places to live in LA.

Notable & Unique: Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout’s analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the S I 10 W / Pasadena Ave neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 95.3% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Notable & Unique: Occupations

It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout’s leading analysis, the S I 10 W / Pasadena Ave neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 4.1% of the workforce so employed, this neighborhood has a greater concentration of such workers than 95.3% of U.S. neighborhoods.
The Neighbors
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout’s analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the S I 10 W / Pasadena Ave neighborhood in Metairie are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout’s research shows that this neighborhood has an income lower than 92.4% of U.S. neighborhoods. With 65.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.0% of U.S. neighborhoods.

The Neighbors: Occupations
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the S I 10 W / Pasadena Ave neighborhood, 38.3% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 23.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.9%), and 15.8% in executive, management, and professional occupations.

The Neighbors: Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the S I 10 W / Pasadena Ave neighborhood in Metairie, LA, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (11.2%). There are also a number of people of African ancestry (8.8%), and residents who report French roots (7.8%), and some of the residents are also of Irish ancestry (6.3%), along with some Asian ancestry residents (5.8%), among others. In addition, 21.2% of the residents of this neighborhood were born in another country.

The Neighbors: Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the S I 10 W / Pasadena Ave neighborhood is English, spoken by 62.2% of households. Other important languages spoken here include Spanish, Arabic and South Asian languages.

Getting to Work
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in S I 10 W / Pasadena Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (51.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (73.1%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (8.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.

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LOUISIANA HOME OWNERSHIP TOOLS

Your Home Purchasing or Refinancing & Renovation Tools,

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Here are just a few of the home improvements

you might consider with any Home Renovation loan

Repair or replace a roof

Install, replace or repair gutters and downspouts

Replace, repair or upgrade your HVAC system

Repair or replace plumbing

Install, repair or replace electrical systems

Kitchen remodeling (including the purchase and installation of appliances)

Bathroom remodeling, Full interior painting, Total exterior painting

Repair or replace a septic system and/or well

Disability access (wheelchair ramp, elevator, widen doorways)

Build, repair or replace deck, patio or porch

Basement waterproofing and finishing

Abatement/Stabilization of lead-based paint hazards

Replace old windows, Room additions, Finish an attic

Add a second story to your home

Replace a termite damaged sill plate (a water-damaged sill plate also)

Possible landscaping items such as correction of grading & drainage problems,

tree removal, repair a driveway and sidewalks

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