The Home Buyer's Korner

Information presented should be used for educational purposes only.

August 10th, 2016

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GREATER NEW ORLEANS, LOUISIANA

Audubon Park – Leonidas 70118 Neighborhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

Audubon St New Orleans LA 70118

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The median real estate price in the Audubon (Audubon Park – Greenville – Riverside – Leonidas) neighborhood of New Orleans, Louisiana is $674,850, which is more expensive than nearly any of the neighborhoods in the state and 95 percent of the neighborhoods in the country.

The average rental price in the Audubon neighborhood is currently $1,800 a month, and the average rental cost in this neighborhood is higher than 99 percent of all the neighborhoods in Louisiana. Most of the residential real estate is occupied by a mixture of owners and renters.

Audubon is a suburban neighborhood located in New Orleans, 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. Do you watch home improvement shows on TV? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood.

The Audubon  neighborhood stands out on a national scale for the sheer concentration of historic residences at nearly 63 percent of the residential real estate here being built from 1939 or earlier, some much earlier, while a number of residences were built between 1970 and 1999.

Audubon has a vacancy rate of nearly 12 percent, which is above average compared to other neighborhoods across the country. 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, its setting and 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.

The rate of college educated adults over the age of 25 in the Audubon neighborhood is a unique characteristic of the neighborhood, with nearly 79 percent having received at least a 4-year bachelor’s degree, compared to the average neighborhood in America, which has nearly 23 percent of the adults with a bachelor’s degree.

One interesting characteristic about the Audubon neighborhood is that, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, the neighborhood is ideal for already-enrolled college students, prospective students and their parents to consider. Between semesters and during school breaks, you’ll notice that the excitement here fluctuates with the college seasons.

Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. Which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. The Audubon neighborhood is a fantastic option for bicycle commuters, and nearly five percent of residents commute on their bikes to and from work on a daily basis.

Your neighbors in the Audubon neighborhood of New Orleans earn upper middle class incomes, and this neighborhood has a higher income than nearly 81 percent of the neighborhoods in America.

Executives, managers and professionals make up 70 percent of the workforce in the Audubon neighborhood, which, is a higher proportion of such high-level people than is found in 98 percent of the neighborhoods in America. For this reason, this neighborhood really stands out as unique. 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 nearly 17 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at almost 10 percent, and nearly five percent in government jobs, whether they are in local, state, or federal positions.

Each neighborhood has its own culture derived primarily from the ancestry, and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture, some more unique than others, based on lifestyle, occupations, the types of households, and importantly, on the ethnicity and ancestry of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Audubon neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as French at nearly 20 percent. There are also a number of people of German ancestry at almost 19 percent, and residents who report Irish roots at over 13 percent. Some of the residents are also of English ancestry at over 12 percent, along with some Italian ancestry residents at nearly seven percent, and almost four percent claim British roots, among others.

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 Audubon neighborhood is English, spoken by more than 80 percent of households, while nearly four percent speak French. Other important languages spoken here include Spanish.

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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.

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70118  Audubon Park – Greenville – Riverside – Leonidas

70118 East Carrollton Audubon Holly Grove Cohn St Alvin Callender St Oak St Tchoupitoulas Audubon Blvd Exposition Blvd Audubon Pl Colapissa St St Charles Ave Hollygrove St Audubon St Pear St Monticello Ave Duckhook Dr Chestnut St Hillary St Ferry Pl 2122 S. Carrollton Patton St Freret St 2306-08 Short St. Marquette Pl Dante Forshey St Clara St Magazine St Nelson St Constance St Millaudon St Dominican St Dixon St Cherokee St Cherry St Neron Panola St Lowerline St Adams St Pearl St Neron Pl Newcomb Blvd Tchoupitoulas St Sycamore Pl 7803 Panola Street Pontchartrain Blvd Heaton St Adams St Benjamin St Henry Clay Ave Henry Clay Ave Oak St Hickory St Robertson St Benjamin St Jeannette St 2911 Monroe St. Pitt St Monroe Ct Pritchard Place # Second Floor Perrier St Sycamore St Quince St 3414 Monroe Street Webster St Lowerline St Carrollton Ave Jeannette 1810 Fern St 354 LOWERLINE Henry Clay Ave Spruce St Cromwell Pl Burdette St Palmetto St Apple St Monroe St Annunciation St Henry Clay Ave Burthe St Delord St Birch St Front St Hurst St Calhoun St Loyola Ave Blluebird St Cherry Redbud Rd Hamilton St Tchoupitoulas St Coliseum St Prytania St Magnolia St Apricot St For Rent Only Palm St Laurel St Oakland Dr Leonidas St Willow St Camp St Eagle St Pritchard Pl Dante St Barrett St Live Oak St Oleander St Carrollton Ave Joliet St Fig St Palmer Ave Broadway St Stroelitz St Pine St Leake Ave Carrollton Avenue # Pine St 2210 Pine St Burdette Livingston St Garfield St 8607 Willow St. Cecil St Lasalle Pl Zimpel Aly Apricot St Burdette St Plum St Short Street # Apricot St Cherokee St Short St Dunleith Ct Saint Charles Ave Claiborne Ave Clairborne Ave–Hecm Fern St Olive St Cambronne St Hampson St 2522 S. Carrollton Ave Camphor St Peach St Tchoupitoulas St Palmetto St Spruce St Moqueur Ln Music St Zimpel St Adams St 2522 S Carrollton. Ave Apricot St Marks St State St Walnut St Burdette St For Sale General Ogden St Mistletoe St Johnson St Prieur St Joliet St Eagle St Eagle St Green St Edinburgh St Belfast St Dublin St Story St Maple St Bunker Hill Rd

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