The Home Buyer's Korner

Information presented should be used for educational purposes only.

August 10th, 2016

Guy looking up in color

GREATER NEW ORLEANS, LOUISIANA

Black Pearl 70118 Neighborhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

Millaudon St New Orleans LA 70118

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The median real estate price in the Black Pearl (Uptown – Carrollton) neighborhood of New Orleans, Louisiana is $310,925, which is more expensive than nearly 95 percent of the neighborhoods in the state and almost 76 percent of the neighborhoods in the country.

The average rental price in the Black Pearl neighborhood is currently $1,250 a month, and the average rental cost in this neighborhood is higher than nearly 88 percent of the neighborhoods in Louisiana. Most of the residential real estate is occupied by a mixture of owners and renters

Black Pearl is an urban 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 including condominiums, town homes, duplexes, and apartments. 

Do you enjoy watching Home Improvement shows? 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 Black Pearl neighborhood stands out on a national scale for the sheer concentration of historic residences at over 60 percent of the residential real estate, built before 1939, while a number of residences were built between 1940 and 1969.

Vacant homes or apartments are a fact of life in the Black Pearl neighborhood and the current residential real estate vacancy rate here is nearly 21 percent. To learn more about this neighborhood’s vacancy rate and its effect on your home buying or selling options, consult your real estate agent.

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flair, can make all the difference when choosing a neighborhood to call home. 

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. In the Black Pearl neighborhood is a great option and nearly 10 percent of the residents here commute on their bikes to and from work on a daily basis.

The types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. This neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone at 57 percent of households. 

Some neighborhoods have residents that are more educated than others, and in  this neighborhood you find that nearly 34 percent of the adults have earned a Masters degree, a Medical degree, Ph.D., or Law degree, compared to an average of just over eight percent for all other neighborhoods in America.

The Black Pearl neighborhood stands out for its college student friendly environment. This neighborhood already is home to a number of college students, makes it stand out for a good place for future college students and their parents to consider. 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 Black Pearl neighborhood in New Orleans earn modest to middle class incomes, and this neighborhood has an income lower than nearly 67 percent of all other neighborhoods in America. 

Executives, managers and professionals make up nearly 64 percent of the workforce in the Black Pearl (Uptown/Carrollton) neighborhood and 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 25 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations nearly seven percent, and almost three 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 Black Pearl neighborhood of New Orleans, LA, residents most commonly identify their ethnicity or ancestry as English at over 12 percent. There are also a number of people of German ancestry at nearly 12 percent, and residents who report Irish roots at over 10 percent. Some of the residents are also of Asian or French ancestry at more than nine percent, while over seven percent residents have Sub-Sarahan African ancestry, and over six percent has Scottish roots,among others. Furthermore, nearly 14 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 Black Pearl neighborhood is English, spoken by nearly 82 percent of households, while nearly four percent speak French. Other important languages spoken here include Spanish and Vietnamese.

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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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START YOUR PATH TO HOME OWNERSHIP TODAY

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70118 Black Pearl Carrollton Uptown

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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