The Home Buyer's Korner

Information presented should be used for educational purposes only.

June 13th, 2016

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GREATER NEW ORLEANS, LOUISIANA

Chef Menteur/Rigolets 70129 Neighborhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

San Marco Rd New Orleans LA 70129

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The median real estate price in the Chef Menteur/Rigolets (Michoud – Irish Bayou – Lake Catherine) neighborhood of New Orleans, Louisiana is $235,600, which is more expensive than 87 percent of the neighborhoods in the state and 65 percent of the neighborhoods in the country.

The average rental price in the Chef Menteur/Rigolets neighborhood is unreported. Most of the residential real estate is owner occupied. Furthermore, homes built from 2000 through today make up a higher proportion of the Chef Menteur/Rigolets neighborhood’s real estate landscape than 95 percent of all the neighborhoods in America. When you are driving around this neighborhood, you’ll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, nearly 47 percent of the residential real estate here is classified as newer.

Chef Menteur/Rigolets is a remote neighborhood located in New Orleans, Louisiana and a coastal neighborhood. The real estate is primarily made up of medium sized three or four bedroom to large four, five or more bedroom single-family homes and other multi-family housing options like condominiums, town homes, duplexes, and apartments. Many of the residences in the Chef Menteur/Rigolets (Michoud – Lake Catherine) neighborhood are newer, built in 2000 or more recently, while a number of residences were built between 1970 and 1999.

Vacant homes are a fact of life in Chef Menteur/Rigolets neighborhood. The current real estate vacancy rate here is nearly 45 percent. A relatively large percentage of housing here is seasonally occupied at nearly 36 percent and high vacancy rates often occur in vacation areas. If you live here year round, you may find that a number of homes in the neighborhood are empty much of the year.

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and why it’s important to learn all you can about the neighborhood you plan to call home. For example, one might notice whether the buildings all date from a certain time period. This particular neighborhood in New Orleans, the Chef Menteur/Rigolets neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just over 19 residents per square mile, Chef Menteur/Rigolets is less crowded than 95 percent of all neighborhoods in the country. Chef Menteur/Rigolets is a neighborhood that a generally eastward course to Lake Borgne, a lagoon in the Gulf of Mexico, and finally to the Gulf of Mexico, with amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery.

In addition to being coastal, Chef Menteur/Rigolets is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, which some may really enjoy the sights and sounds of. One of the notable things about Chef Menteur/Rigolets is that it is one of the quietest neighborhoods in New Orleans, so if quiet and peaceful are your cup of tea, you may have found a great place for you.

The Chef Menteur/Rigolets neighborhood is among the best neighborhoods for families in Louisiana. In fact, this neighborhood is more family-friendlier than nearly any neighborhood in the state. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a “Leave It to Beaver” episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Chef Menteur/Rigolets (Michoud – Lake Catherine) neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for active retirees.

Priests and therapists would like to think they know the secrets to a truly successful marriage, but the folks of the Chef Menteur/Rigolets (Michoud – Lake Catherine) neighborhood may actually hold the key with over 67 percent of its residents are married.

Your future neighbors in the Chef Menteur/Rigolets neighborhood of New Orleans earn upper middle class incomes, and this neighborhood has a higher income than over 65 percent of the neighborhoods in America.

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 and help you understand if this neighborhood may fit your lifestyle.

In the Chef Menteur/Rigolets neighborhood, nearly 45 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 over 23 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at more than 21 percent, and over 11 percent in government jobs, whether they are in local, state, or federal positions.

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 more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture.

In the Chef Menteur/Rigolets neighborhood in New Orleans, LA, residents most commonly identify their ethnicity or ancestry as French at over 26 percent. There are also a number of people of Italian ancestry at nearly 17 percent, and residents who report German roots at almost 16 percent. Some of the residents are also of Asian ancestry at nearly 10 percent, along with some Irish ancestry residents at over seven percent, among others.

The most common language spoken in the Chef Menteur/Rigolets neighborhood is English, spoken by nearly 92 percent of households, while almost eight percent speaks 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

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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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70129 Michoud – Irish Bayou – Lake Catherine

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