The Home Buyer's Korner

Information presented should be used for educational purposes only.

August 17th, 2016

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GREATER ARABI, LOUISIANA

Arabi

Saint Claude Heights 70032 Neighborhood

The Home Buyer’s Korner

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General Contractor G+

Mehle St Arabi LA 70032

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The median real estate price in the Town Center of Arabi, Louisiana is $172,875, which is more expensive than nearly 72 percent of the neighborhoods in the state and almost 50 percent of the neighborhoods in the country.

The average rental price in the Arabi Town Center neighborhood is currently $925 a month, and rents here are currently lower in price than almost 46 percent of all the neighborhoods in Louisiana. Most of the residential real estate is occupied by a mixture of owners and renters.

The Town Center of Arabi is a suburban neighborhood located in Arabi, Louisiana and the residential real estate is primarily made up of small studios and two bedroom to medium sized three or four bedroom single-family homes and other multi-family housing options like condominiums, town homes, duplexes, and apartments.  Many of the residences in the Town Center neighborhood are older, well-established, built between 1940 and 1969, while a number of residences were built between 2000 and to present day.

Vacant homes or apartments are a fact of life in the Arabi Town Center neighborhood, and the current real estate vacancy rate here is 22 percent. To learn more about this neighborhood’s vacancy rate at its effect on your home buying or selling options, consult your real estate agent.

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its flair. Some places look the same, but they only reveal their true character after living in them for a while and why it’s important to learn all you can about the neighborhood you plan to call home. 

With a nice mix of college students who already live in the Arabi Town Center neighborhood, it’s one area that current or prospective college students and their parents may want to consider. 

Your future neighbors in the Town Center neighborhood in Arabi earn modest to middle class incomes, and this neighborhood has an income lower than 85 percent of neighborhoods in the country.

The recent census placed the population of Albany well within their maximum limits set by the USDA, and according to the census, many, if not all of this area could be eligible for government insured zero down payment home loans. A product designed to assist modest to middle class income earning home buyers in rural and semi-suburban areas for obtaining home ownership. 

In the Arabi Town Center neighborhood, nearly 32 percent of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with over 25 percent of the residents employed. Other residents here are employed in executive, management, and professional occupations at almost 23 percent, and over 20 percent in clerical, assistant, and tech support occupations.

Culture is shared learning behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture, our learned behavior, comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand. Places with concentrations of people of one or other ancestry often express those shared learning behaviors and this gives each neighborhood its own culture. 

In the Town Center neighborhood of Arabi, Louisiana, residents most commonly identify their ethnicity or ancestry as French at nearly 27 percent. There are also a number of people of German ancestry at nearly 16 percent, and residents who report Italian roots at almost 14 percent. Some of the residents are also of Irish ancestry at over 12 percent, along with some English ancestry residents nearly seven percent, among others.

The most common language spoken in the Arabi Town Center neighborhood is English, spoken by nearly 94 percent households, while over five percent speak Spanish.

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FIND HOMES THROUGHOUT GREATER ARABI LOUISIANA

HUD HOMES FOR SALE IN GREATER ARABI LA

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LOUISIANA HOME OWNERSHIP TOOLS

Your Home Purchasing or Refinancing & Renovation Tools,

Home Improvements, Home Renovations,

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase.

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

FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

FANNIE MAE HOMESTYLE

The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

FANNIE MAE HOMEPATH RENOVATIONS

Rebuilding the Dream of Home Ownership

Fannie Mae HomePath has No Mortgage Insurance up to 95% LTV

Up to $35K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors are ready to assist you with your home purchase

USDA RURAL DEVELOPMENT

Up to $10K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors are ready to assist you with your home purchase

A SIMPLE HOME SHOPPING INSPECTION TOOL

Organizing your home shopping experience affords a wise decision-making process.

This simple home inspection tool makes your ultimate buying decision a smart one.

To print this document, click on “Open in New Window” located at the lower right corner;

click on “File”; then click on “Print”. In the center of the screen, you will have the option to

“Create A Printable PDF of the Presentation”.

START YOUR PATH TO HOME OWNERSHIP TODAY

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