The Home Buyer's Korner

Information presented should be used for educational purposes only.

May 4th, 2016

Guy looking up in color

GREATER NEW ORLEANS, LOUISIANA

Central City

Freret St/Washington Ave 70113 Neighborhood

The Home Buyer’s Korner

Real Estate G+

Mortgage Lender

General Contractor G+

BUILDING THE DREAM OF HOME OWNERSHIP

Fourth St New Orleans 70113

Get Pre-Approved for a Home Loan

The median real estate price in the Freret St/Washington Ave (Central City – Gilbert and Kelly) neighborhood of New Orleans is $112,600, which is more expensive than over 37 percent of the neighborhoods in the state and nearly a quarter of all the neighborhoods in the country.

The average rental price in the Freret St/Washington Ave neighborhood is currently over $875 a month, and rents here are currently lower in price than about 53 percent of all the neighborhoods in Louisiana. Most of the residential real estate is renter occupied. In fact, nearly 85 percent of the real estate in the Freret St/Washington Ave (Central City – Gilbert and Kelly) neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Freret St/Washington Ave area 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 small multi-family housing options like condominiums, town homes, duplexes, and apartments.  Many of the residences in the Freret St/Washington Ave (Central City – Gilbert and Kelly) neighborhood are newer, built in 2000 or more recently, while a number of residences were built between 1940 and 1969.

The Freret St/Washington Ave neighborhood has a vacancy rate of nearly 17 percent, which is well above average compared to other neighborhoods nationwide, and higher than 79 percent all the neighborhoods in the country. Higher than average vacancy rates can sometimes be due in part to new or newly remodeled homes, and not yet occupied.  To learn more about this neighborhood 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 when choosing a neighborhood to call home. 

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

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With nearly eight percent of residents in the Freret St/Washington Ave neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than nearly 99 percent of all neighborhoods in the country.

In the Freret St/Washington Ave neighborhood, walking to work is a real option, and walking to and from work is the chosen way to commute for nearly 17 percent of residents here.

Your future neighbors in the Freret St/Washington Ave neighborhood of New Orleans earn modest incomes, and this neighborhood has an income lower than 99 percent of all the neighborhoods in the country. 

In the Freret St/Washington Ave neighborhood, over 51 percent of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 21 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at over 18 percent, and more than nine percent in executive, management, and professional 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. 

The Freret St/Washington Ave neighborhood has more Black or African American ancestry people living in it than nearly any neighborhood in the country. In fact, well over 23 percent of this neighborhood’s residents have Black or African American ancestry.

The most common language spoken in the Freret St/Washington Ave neighborhood is English, spoken by over 93 percent of households, while nearly six percent of resident people also speak Spanish.

VISIT OUR GREATER NEW ORLEANS “HOMES FOR SALE” BOARDS

Livingston Homes for Sale

Central City – Gilbert and Kelly

FIND HOMES THROUGHOUT GREATER NEW ORLEANS LOUISIANA

HUD HOMES FOR SALE IN GREATER NEW ORLEANS LA

USDA RURAL DEVELOPMENT HOMES FOR SALE IN GREATER NEW ORLEANS LA

FIND FORECLOSURES IN GREATER NEW ORLEANS LA

FIND MORE FORECLOSURES IN NEW ORLEANS LA

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.

To print this document, click on “Open in New Window” located at the lower right corner;

click on “File”; then click on “Print”. In the center of the screen, you will have the option to

“Create A Printable PDF of the Presentation”.

START YOUR PATH TO HOME OWNERSHIP TODAY

FNMA HomeStyle FNMA My Community Mortgage FHA One-Time Close Construction Portfolio or VA Home Loans Homes REO Short Sales FNMA HomePath Properties HUD Homes USDA Homes Condominiums Co-Ops Townhomes Manufactured Homes Modular Homes Mobile Homes Log Homes Second Homes Investment Property 2-4 Family Custom Homes Builders Custom Built Homes for Sale Luxury Homes for Sale General Contractors Home Improvement Experts Kitchen & Bathroom Renovations Real Estate Brokers & Agents Mortgage Lenders

70113 Central City – Gilbert and Kelly

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

Join us at Real Estate Social

Comments are closed.