The Home Buyer's Korner

Information presented should be used for educational purposes only.

July 4th, 2016

Guy looking up in color

GREATER NEW ORLEANS, LOUISIANA

Gentilly

Chef Menteur Hwy/Congress Dr 70126 Neighborhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

Desire Dr New Orleans LA 70126

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The median real estate price in the Chef Menteur Hwy/Congress Dr (Gentilly Woods) neighborhood of New Orleans, Louisiana is slightly more than $146,850, which is more expensive than over 56 percent of the neighborhoods in the state 40 percent of the neighborhoods in the country.

The average rental price in the Chef Menteur Hwy/Congress Dr neighborhood is currently $1,175 a month, and the average rental cost in this neighborhood is higher than 81 percent of the neighborhoods in Louisiana. Most of the residential real estate is occupied by a mixture of owners and renters.

Chef Menteur Hwy/Congress Dr area is a suburban neighborhood located in New Orleans, Louisiana, and the real estate is primarily made up of medium sized three and four bedroom to small studios or two bedroom single-family homes and other multi-family housing option like condominiums, town homes, duplexes, and apartments. Many of the residences in the Chef Menteur Hwy/Congress Dr neighborhood are older, well-established, built between 1940 and 1969, while a number of residences were built between 2000 and the present.

Gentilly Woods back in the day was referred to as the lowlands behind the city or “the woods,” “the swamp,” “the backswamp,” or “La Cépière,” and a marshy rather than forested area. The swamps were transected by topographic ridges followed by important roads; the one that wended westward got named for its numerous little farms and dairies – Metairie – whereas the eastern ridge, which boasted a number of estates outside of New Orleans proper, gained the name of a comparable estate outside Paris – “Chantilly,” our Gentilly.

Vacant homes and apartments are a fact of life in Chef Menteur Hwy/Congress Dr neighborhood, and the current real estate vacancy rate here is over 22 percent. To understand this neighborhood’s vacancy rate and its effects 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 in the world, when choosing a neighborhood to call home. This neighborhood has some really cool things about the way it looks and feels.

The Chef Menteur Hwy/Congress Dr neighborhood has a greater concentration of residents currently enrolled in college than over 95 percent of the neighborhoods in the country, with more than 12 percent of residents here attending college, this is very much a college-focused neighborhood.

Because a number of college students live here, and this neighborhood being close to the University of New Orleans and Southern University of New Orleans it offers certain amenities nearby geared towards the student body. While it’s not an environment for everyone, ambitious scholars can enjoy the seasonal excitement between semesters and school breaks. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for first-time home buyers.

Your future neighbors in the Chef Menteur Hwy/Congress Dr neighborhood of New Orleans earn modest to middle class incomes, this neighborhood has an income lower than over 70 percent of all the neighborhoods nationwide. 

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood. In the Chef Menteur Hwy/Congress Dr neighborhood, over 43 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 almost 26 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at more than 23 percent, and nearly 11 percent in government jobs, whether they are in local, state, or federal positions.

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 ancestries will express those cultures. 

In the Chef Menteur Hwy/Congress Dr neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as Asian, English, Irish, or Sub-Saharan African ancestry at more than four percent each, among others.

The most common language spoken in the Chef Menteur Hwy/Congress Dr neighborhood is English, spoken by over 94 percent, while nearly four percent speaks Korean.

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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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70126 Gentilly Woods

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