The Home Buyer's Korner

Information presented should be used for educational purposes only.

July 23rd, 2016

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GREATER NEW ORLEANS, LOUISIANA

Mid City

Banks St/S Cortez St 70119 Neighborhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

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The median real estate price in the Banks St/S Cortez St (Mid-City) neighborhood of New Orleans, Louisiana is $236,650, which is more expensive than over 87 percent of the neighborhoods in the state and more than 65 of the neighborhoods in the country.

The average rental price in the Banks St/S Cortez St (Mid-City) neighborhood is currently $1,125 a month, and the average rental cost in this neighborhood is higher than 77 percent of the neighborhoods in Louisiana. Most of the residential real estate is renter occupied.

Banks St/S Cortez St (Mid-City) area is a densely populated urban neighborhood located in New Orleans, Louisiana, and real estate is primarily made up of small studios and two bedrooms to medium sized three or four bedroom single family home and other multi-family housing options like condominiums, town homes, duplexes, and apartments.  Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Banks St/S Cortez St (Mid-City) neighborhood could be the right neighborhood for you. With over 25 percent of the homes and real estate here classified as row houses or other attached homes, this neighborhood brims with opportunity to find the right place.

If you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood, with nearly 67 percent of the residential real estate in the Banks St/S Cortez St (Mid-City) neighborhood built no later than 1939, and some built considerably earlier. Other homes in the Banks St/S Cortez St (Mid-City) neighborhood were built between 1940 and 1969.

Vacant apartments or homes are a fact of life in the Banks St/S Cortez St (Mid-City) neighborhood, and the current real estate vacancy rate here is over 29 percent. To understand more about this neighborhood’s vacancy rate and 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 so important to learn all you can about a neighborhood you’re planning on calling home.

The Banks St/S Cortez St (Mid-City) neighborhood stands out within Louisiana for being a college student friendly environment, and this neighborhood already is home to a number of college students. While it’s not an environment for everyone, ambitious scholars can enjoy the seasonal excitement between semesters and school breaks. 

Your future neighbors in the Banks St/S Cortez St (Mid-City) neighborhood of New Orleans earn modest to middle class incomes, and this neighborhood has an income lower than over 73 percent of all the neighborhoods nationwide. 

In the Banks St/S Cortez St (Mid-City) neighborhood, 40 percent of the working population is employed in executive, management, and professional 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 more than 30 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at over 17 percent, and nearly 14 percent in manufacturing and laborer 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 other ethnicity or ancestry will express those cultures. 

In the Banks St/S Cortez St (Mid-City) neighborhood of New Orleans, LA, residents most commonly identify their ethnicity or ancestry as Irish at over 10 percent. There are also a number of people of German ancestry at more than seven percent, and residents who report French roots at nearly seven percent. Some of the residents are also of English ancestry at more than five percent, and some Italian ancestry residents at almost five percent, while nearly three percent claim Cuban roots, among others.

The most common language spoken in the Banks St/S Cortez St (Mid-City) neighborhood is English, spoken by nearly 87 percent of households, while nearly 10 percent speak Spanish, and almost one percent speak Hebrew at home.

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A SIMPLE HOME SHOPPING INSPECTION TOOL

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70119 2Nd District Estates 7Th Ward Estates 8Th Ward Estates 8Th Ward Inner City Estates Adryn Park Estates Alberna Place Estates Algiers Estates Algiers Point Estates Algiers Riverpoint Estates Arcadia Lane  Estates Ardyn Estates Ardyn Park Estates Armbruster Estates Aurora Estates Aurora Garden Estates Aurora Gardens West Estates Aurora Oaks Estates Aurora Riverside Estates Aurora Gardens Estates Bancroft Park Estates Barrington Estates Barrington Court Estates Barrington Park Estates Barrington Park Estates Barrington Park East Estates Bayou St John Estates Behrman Estates Behrman Heights Estates Belair East Estates Black Pearl Estates Bloomingdale Estates Blum Antoine Estates Bocage Estates Bodenger Estates Bonita Park Estates Bouligny Estates Briarwood Estates Broadmoor Estates Burbank Gardens Estates Burtheville Estates Bywater Estates Bywater North Estates Bywater South Estates Carrollton Estates Castle Manor Estates Central Business Estates Central City Estates Chimney Wood 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Custom Built Homes Luxury Homes General Contractors Home Improvement Experts Kitchen & Bathroom Renovations Real Estate Brokers & Agents Mortgage Lenders Federal Credit Unions Community Bankers Real Estate Listings Jumbo Investor Hard Money HARP HECM Equity Zero 3% 3.5% Portfolio Non-Warrantable Down Payment Assistance Chalmette Orleans Parish  French Quarter (The Vieux Carré)  Faubourg  Marigny & Bywater  Tremé Lakeview Gentilly New Orleans East & The Ninth Ward Algiers The Garden District Uptown & Carrollton Central Business District Mid City & Esplanade Ridge  Plaquemines Parish Saint Bernard Parish

70119 Farigrounds Mid City Bayou St John Lafitte St St. Philip St Esplanade Ave Stewart Ct Solomon St Industry St Elaine Pl Olympia St Rendon St Kerlerec St Romulus St Fortin St Crete St Wilshire St Lapeyrouse St Saint John Ct Canal St Portage Pl Governor Nicholls St 2737 St Peter Street 2201 Dumaine Gentilly Blvd Cortez St Broad St 2931 ponce de 603 N. Alexander St. Gravier St Cleveland Avenue # Gravier St Gravier St Cleveland Ave Dhemecourt St Harding Dr Iberville St  Julia St Saint Louis St Paris Ave Frenchmen St Jeff Davis Pkwy 2420 St Philip Street Saint Louis St Moss St Wilson Dr 3105 Toulouse 2726-28 St Phillip St Pauger St Perdido St Hennessey St Laharpe St Rendon St Duels St 2430-32 Barracks Street Hathaway Pl George Nick Connor St Bernadotte St Olympia St Mystery St 4841 Bienville St. 523 S. Hennessey St. 4131-33 Ulloa Frey Pl Bell St Tonti St Derby Pl Paul Morphy St George Nick Connor Dr Bruxelles St 4811-13 Bienville St. 624 N. Salcedo St. Broad St 4020 D’Hemecourt St. Maurepas St Roosevelt Pl Galvez St Rocheblave St Salcedo Street # First Floor Bayou Rd 2851 Grand Rte. St. John Havana St St Bernard Ave Gravier St Chalfant Pl Conti St Saint Peter St Delgado Dr Gayoso St 3225-27 Dumaine St. Saint Philip St Abundance St 231 N. Clark St. Dorgenois St Genois St Esplanade Ave Desaix Blvd Galvez St Dorgenois St Palmyra Cleveland Ave Cleveland Ave Desoto St Desoto St Fortin St Fortin St Saint Ann St Saint Philip St Fortin St Cortez St Rosiere St Clark St Rocheblave St 2744 St. Philip Street David St Dabadie St Orchid St Roger Williams St 2730 Ursulines St Dumaine St Trafalgar St Palmyra St 3219 St. Ann St. Dupre St Solomon Pl Beinville St Lopez St 4225-27 Toulouse St. Verna Ct Banks St White St Annette St Carrollton Ave Bienville St Hope St Pierce St Bellechasse St 238 S. Cortez 1857 deuls st Oreilly St Saint Patrick St Salcedo St Gravier St Republic St Canal St Broad St Yupon St Hagan Ave Baudin St Bungalow Ct Barracks St Telemachus St Desoto St Onzaga St White St Alexander St 1034-36 Crete St. 509-11 S. Pierce St. Murat St Grand Route Saint John Street # C 236 N Carrollton Ave Bradish Pl Jefferson Davis Pkwy Galvez St Miro St 932 Solomon Place Telemachus St Palmyra St Saint Patrick St Passera Ct Salcedo St St. Ann St Lincoln Ct Cleveland Ave A P Tureaud Ave JANE ALY 434 S. Scott St. Grnd Rte St John St Castiglione St Pierce St Tulane Ave Gayoso St Lepage St Jane Pl Cortez St Esplanade Avenue # Main Floor Scott St Castine St Vignaud St Genois St Gravier St Galvez St Gov Nicholls St Tonti St Gentilly Blvd Alexander Iberville St Anthony St Winthrop Pl St Philip Bienville St Orleans Ave Saint Peter St Olga St Gravier St Dorgenois St Tonti St D’Hemecourt St Sherwood Forest Dr Ulloa St 326 N Olympia St 500 S Jefferson Davis Pkwy Allard Blvd 421 s olympia Saint Ann St Dorgenois St Columbus St Murat St Picheloup Pl Saint Anthony St Ida St Parkview Pl Dupre St Bernadotte St Olga Ave Saint Bernard Ave Helena St 2714 Republic St Sauvage St Agriculture St Soloman St Saltus St Toulouse Dorgenois St Nrochebl Ave Jefferson Davis Pkwy Grand Rte Saint John St Galvez St Esplanade Ave Esplanade Ave Roosevelt Hennessey St Rousselin Dr 2931ponce A/B Ulloa St Aubry St Gravier St Tulane Ave Palmyra St Leda Ct Alden Pl 216-18 N. Bernadotte St. Gravier St Bienville Ave Flowerdale Ct Bell St Ulloa St Murat St For Rent Bruxelles St Saint Ann St For Rent New Orleans St Dorgenois St Toulouse St Carrollton Ave Serantine St Seratine St City Park Ave Gibson St Touro St Ponce De Leon St Law St St. Phillip St Taft Pl Belfort Ave Hennessey Olga Solomon St Annette St For Rent Treasure St Ursulines Ave Florida Ave Miro St Scott St Lopez St Allen St Clark St Alexander St

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