The Home Buyer's Korner

Information presented should be used for educational purposes only.

April 28th, 2016

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GREATER NEW ORLEANS, LOUISIANA

Faubourg Livaudais

Felicity St/Orange St 70113 Neighborhood

The Home Buyer’s Korner

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The median real estate price in the Faubourg Livaudais neighborhood of New Orleans, Louisiana neighborhood is just over $423,150, which is more expensive than nearly 99 percent of the neighborhoods in the state and 85 percent of the neighborhoods in the country.

The average rental price in the Faubourg Livaudais neighborhood is slightly over $1,400 a month, and the average rental cost in this neighborhood is higher than almost 94 percent of all the neighborhoods in Louisiana. Most of the residential real estate is renter occupied.

Faubourg Livaudais is an urban neighborhood located in New Orleans, Louisiana, and real estate is primarily made up of small studios and two bedroom to medium sized three or four bedroom multi-family housing options like condominiums, town homes, duplexes, and apartments. Furthermore, the Faubourg Livaudais neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With over 82 percent of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the country that share this characteristic.

Many of the residences in the Faubourg Livaudais neighborhood are relatively historic, built no later than 1939, and in some cases quite a bit earlier, a number of residences were built between 1940 and 1969.

Starting in 1788, New Orleanians developed a new neighborhood nomenclature: faux bourg, or faubourg literally meaning, “false town,” which Spanish translated it to (you called it) suburbia. The first, Faubourg Ste. Marie was laid out immediately after the Good Friday fire to give the New Orleans new living space in what’s now the central business district or CBD. Seventeen years passed before another faubourg would come came into being, but then they exploded, after Americanization in 1803.

Faubourg development occurred as a free-market response to New Orleans’ burgeoning population and its need for living space, which gave owners of adjacent plantations an opportunity to make more money through urbanization than agriculture. One by one they subdivided, starting with the Faubourg Marigny in 1805. Within the next five years, streets would be laid out (in chronological order by their initial platting) in faubourgs named Delord, Duplantier, La Course, L’Annunciation, Plaisance, St. John, Tremé, Saulet (Solet) and des Religieuses, today’s upper CBD, Lower Garden District, Tremé and Bayou St. John.

It took many more years for these lots to be fully developed; some were used for working or pleasure gardens, or simply remained vacant, for decades. But even as houses arose, new faubourgs appeared downriver in places called Washington, Daunois, Montegut, Clouet, Montreuil, Cariby and deLesseps, in today’s Bywater. Another wave of residential development occurred between 1807-1840s, toward Bayou St. John, with the faubourgs Lafayette, Nouvelle Marigny and Franklin, Livaudais, Carrollton, Bouligny, Hurstville, Delassize, Greenville, Friburg, Bloomingdale, Hagan, Avart, St. Joseph, Rickerville, Burtheville and Delachaise. By the Civil War, most of the Crescent City had been gridded with streets, and faubourgs (suburbia).

Faubourg Livaudais has a vacancy rate over 14 percent, which is above average compared to other neighborhoods in the country and higher than nearly 72 percent of all American neighborhoods. To understand this neighborhoods vacancy rate and its effects on your home buying and 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. This neighborhood has some really cool things about the way it looks and feels.

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With over 15 percent of residents in the Faubourg Livaudais neighborhood commuting on a bicycle to and from work daily.

In the Faubourg Livaudais neighborhood, a greater proportion of the residents living here today did not live here five years ago. This neighborhood, more than almost any other in America, has new residents from other areas.

Some neighborhoods have residents that are more educated than others. But in this neighborhood, there is a dramatic difference, with nearly one-third of the adults here have earned a Masters degree, medical degree, Ph.D., or law degree. This is a higher rate of people with a graduate degree than is found in over 96 percent of all the neighborhoods in the country, where the average American neighborhood has just over eight percent of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.

In addition, one of the most interesting things about the Faubourg Livaudais neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America, with nearly 49 percent of the households made up of people living alone.

The Faubourg Livaudais neighborhood is considered a great choice for executive lifestyles, based on the wealth and education professionals, executives, and managers have, who choose to reside here. Additionally, this neighborhood has spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state. 

Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don’t realize is that the Faubourg Livaudais neighborhood is among the top American neighborhoods in terms of walkability.

Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small two, three, and four unit housing types. Many are in older core neighborhoods of New Orleans.  If you’re romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist on the corner, then you might find the Faubourg Livaudais neighborhood worth a closer look. This neighborhood is an absolutely outstanding example of the dominance of small two, three, and four unit housing types compared to neighborhoods across the country, as it makes up a substantial portion of this neighborhood’s real estate stock.

Do you watch ‘This Old House’ on Public Television? 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 Faubourg Livaudais neighborhood stands out on a national scale for the sheer concentration of historic residences it contains, with over 76 percent of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 99 percent of the neighborhoods in the country. 

Your future neighbors in the Faubourg Livaudais neighborhood of New Orleans earn upper middle class incomes, and this neighborhood has a higher income than 69 percent of the neighborhoods in America. 

In the Faubourg Livaudais neighborhood, 61 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 22 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at 10 percent, and over seven percent in clerical, assistant, and tech support 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 Faubourg Livaudais neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as Irish or South American at over 11 percent. There are also a number of people of English, French or German roots at around over six percent, while a little over five percent have Welsh ancestry. In addition, over 20 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 Faubourg Livaudais neighborhood is English, spoken by nearly 69 percent of households, while over four percent speaks African languages. Other important languages spoken here include Spanish and French.

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LOUISIANA HOME OWNERSHIP TOOLS

Your Home Purchasing or Refinancing & Renovation Tools,

Home Improvements, Home Renovations,

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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

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70113 Faubourg Livaudais

70113 Central City North Street Josephine St Philip St Lafayette St Terpsichore St Danneel Street # Robertson St Lasalle St 2215 Felicity Street Baronne St Oretha C Haley Blvd Clara St Washington Ave Baronne St Euterpe St St. Andrew St 1st St 2725 Philp St 1st St Saint Andrew St Freret St Lafayette St Lafayette St ST CHARLES AVE Dryades St 712 Salcedo Julia St Danneel St Saratoga St Julia St 1737-39 First St. Simon Bolivar Ave Thalia St 2619 Danneel Street Jackson Ave Felicity St Liberty St Willow St Danneel 2125 Josephine St Okeefe Ave Martin Luther King Jr Blvd 2nd St Erato St Loyola Ave 3rd St Washington Brainard St Rampart St Girod St 4th St Magnolia St Saint Joseph St Clio St Robertson St

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