The Home Buyer's Korner

Information presented should be used for educational purposes only.

December 22nd, 2016

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 Hessmer Ave/W Esplanade Ave S Neighborhood 70002

The Home Buyer’s Korner

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The median real estate price in the Hessmer Ave/W Esplanade Ave S neighborhood of Metairie, Louisiana median is $124,250, which is more expensive than nearly 43 percent of the neighborhoods in the state and almost 28 percent of the neighborhoods in the country.

The average rental price in Hessmer Ave/W Esplanade Ave S is currently $1,025 a month, And the average rental cost in this neighborhood is higher than about 63 percent of the neighborhoods in Louisiana. Most of the residential real estate is renter occupied. Also of note, over 90 percent of the real estate in the Hessmer Ave/W Esplanade Ave S neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in the country.

Hessmer Ave/W Esplanade Ave S area is a densely urban neighborhood located in Metairie, Louisiana, and real estate is primarily made up of small studio and two bedroom to medium sized three or four bedroom multi-family housing options like condominiums, town homes, duplexes, and apartment.

The Hessmer Ave/W Esplanade Ave S neighborhood is very unique in that it has one of the highest proportions of one, two, or studio apartments in the city. 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 highs.

Many of the residences in the Hessmer Ave/W Esplanade Ave S neighborhood are established, but not old, having been built between 1970 and 1999, while a number of residences were built between 1940 and 1969.

Hessmer Ave/W Esplanade Ave S has a vacancy rate over 12 percent, which is well above average compared to other neighborhoods nationwide. To learn more about this neighborhood’s vacany rate and its effect on your home buying or selling options, consult your real estate agent.

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular flair, and why it’s important to learn all you can about the neighborhood you plan to call home.

Your future neighbors in the Hessmer Ave/W Esplanade Ave S neighborhood of Metairie earn modest to middle class incomes, this neighborhood has an income lower than nearly 82 percent of all the neighborhoods in the country.

In the Hessmer Ave/W Esplanade Ave S neighborhood, over 47 percent 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 nearly 24 percent of the residents employed. Other residents here are employed in executive, management, and professional occupations at more than 21 percent, and eight in clerical, assistant, and tech support occupations.

Culture is the shared learning behavior of peoples. Undeniably, different ethnicity and ancestry have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicity or ancestry will express those cultures.

In the Hessmer Ave/W Esplanade Ave S neighborhood in Metairie, LA, residents most commonly identify their ethnicity or ancestry as Asian at nine percent. There are also a number of people of Sub-Saharan African ancestry at more that six percent. Some of the residents are also of Irish ancestry at almost six percent, along with some Italian ancestry residents five percent, among others. Furthermore, more than 29 percent of the residents of this neighborhood were born in another country.

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 Hessmer Ave/W Esplanade Ave S neighborhood is English, spoken by almost 66 percent of households, while one percent speak Urdu, which is the national language of Pakistan. Other important languages spoken here include Spanish, Chinese and South Asian languages.


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Your Home Purchasing or Refinancing & Renovation Tools,

Home Improvements, Home Renovations,

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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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