The Home Buyer's Korner

Information presented should be used for educational purposes only.

April 28th, 2016

Guy looking up in color

GREATER NEW ORLEANS, LOUISIANA

Garden District

Jackson Ave/Magazine St 70130 Neighorhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

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The median real estate price in the Jackson Ave/Magazine St (Garden District) neighborhood of New Orleans, Louisiana is slightly more than $440,500, which is more expensive than nearly 99 percent of the neighborhoods in the state and over 86 percent of the neighborhoods in the country.

The average rental price in the Jackson Ave/Magazine St (Garden District) neighborhood is currently a little over $1,300, and the average rental cost in this neighborhood is higher than over 90 percent of the neighborhoods in Louisiana. Most of the residential real estate is occupied by a mixture of owners and renters

Jackson Ave/Magazine St (Garden District) area is an urban neighborhood located in New Orleans, Louisiana, and the real estate is primarily made up of small studios and two bedroom to medium sized three or four bedroom single-family homes, and multi-family housing options like condominiums, town homes, duplexes, and apartments.

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small two, three, and four unit multi-family housing units. The Jackson Ave/Magazine St (Garden District) neighborhood really stands out in this regard, while creating a stunning visual and lifestyle example of the neighborhood. In fact, over 39 percent of the real estate are small two, three, and four unit multi-family housing units, which is a higher proportion than found in over 96 percent of all neighborhood in America.

Many of the residences in the Jackson Ave/Magazine St (Garden District) neighborhood are relatively historic, built no later than 1939, and in some cases quite a bit earlier, while a number of residences were built between 1970 and 1999. Furthermore, do you watch home improvement shows on TV? 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 Jackson Ave/Magazine St (Garden District) neighborhood stands out on a national scale for the sheer concentration of historic residences it contains with over 83 percent of the residential real estate built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than in nearly all the neighborhoods in the country.

Vacant real estate is a fact of life in the Jackson Ave/Magazine St (Garden District) neighborhood and the current real estate vacancy rate here is over 22 percent, and higher than the rate of vacancies in over 88 percent of all neighborhoods in the country. A relatively large percentage of more than 15 percent of the homes here is seasonally occupied. This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of housing stock in your neighborhood is actually empty. To understand more about this neighborhood’s vacancy rate, 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.

A majority of the adults in the Jackson Ave/Magazine St (Garden District) neighborhood are well-to-do and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you’re an executive and want to keep similar company, consider settling in this neighborhood.

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. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. The Jackson Ave/Magazine St (Garden District) neighborhood is a fantastic option for bicycle commuters, as nearly 11 percent of commuters here do ride their bikes to and from work on a daily basis.

Your future neighbors in the Jackson Ave/Magazine St (Garden District) neighborhood of New Orleans earn upper middle class incomes, and this neighborhood has a higher income than 81 percent of the neighborhoods in America. 

In the Jackson Ave/Magazine St (Garden District) neighborhood, over 54 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 nearly 27 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at over 11 percent, and eight 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 ancestries will express those cultures. 

In the Jackson Ave/Magazine St (Garden District) neighborhood of New Orleans, LA, residents most commonly identify their ethnicity or ancestry as French at nearly 14 percent. There are also a number of people of Irish ancestry at 11 percent, and residents who report Polish roots at seven percent. Some of the residents are also of English or German ancestry at around six percent, while one percent claim Lebanese ancestry.

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 Jackson Ave/Magazine St (Garden District) neighborhood is English, spoken by nearly 90 percent of households, while over three percent speaks French. Other important languages spoken here include Spanish and Chinese. 

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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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70130 French Quarter Lower Garden District Race St Jackson Ave Rousseau St Common St 2nd St Polymnia St Terpsichore St Chestnut St Camp St Decatur St Bourbon St Clio St 2 1525 Clio St St Charles Ave Union St Clio St Orange St Melpomene St Thalia St Canal St WHITNEY BLDG Port of Orleans Pl Carondelet St 2nd St Annunciation St Annunciation St Camp St Carondelet St Carondelet St Coliseum St Constance St Euterpe St Jackson Ave Jackson Ave Jackson Ave Jackson Ave Magazine St Magazine St Margaret Pl Saint Andrew St Saint Andrew St Saint Mary St Philip St Washington Ave Washington Ave 536 Royal St St Charles Ave Constance St Chippewa St Chippewa St Notre Dame St Richard St 450 John Churchill Chase Prytania St 1805 coliseum st #1 402 Julia Street 812-814 Philip 539 Toulouse St. Tchoupitoulas St 333 julia st. #508 Wilkinson St Jackson Ave Saint James St Peters St Hastings Place # Peters St 3rd St 3rd St 2625 constance Wilkinson St St Charles Ave 1st St Washington Ave 1430 Jackson Avenue Harmony St Poydras St 448 Julia St. Conti St Annunciation St Thalia St Erato St Felicity St Prytania St Laurel St Gravier St 920 Poeyfarre St Royal St Felicity St Lafayette St Philip Diamond St Jackson Ave 610 John Churchill Chase St. Charles Ave Religious St Saint Louis St Exchange Pl Saint Andrew St Philip St Commerce St Jackson Ave 920 Poeyfarre Street Chartres St 920 Poeyfarre St. 1805 Coliseum St. #1 Melpomene St Saint Mary St 1st St Josephine St Chippewa St Laurel St Chippewa St Julia St St Charles Ave 515 226 Decatur Natchez St 516 Conti St 1631-33 Saint Charles Ave Hastings Pl Girod St Magazine St For Sale Bienville St Julia St River Rd Fourth St Carondelet St Commerce St Euterpe St Urania St 1st St Saint Charles Ave Phillip St Sophie Wright Pl 448 Julia Street Celeste St St. Mary 2619 st Thomas street Soraparu St Iberville St John Churchill Chase St 334 Carondelet Street 1818 Carondelet St 2527 Rousseau St Carondelet St -Robert C Blakes Sr Dr Coliseum St 1817 1821 Magazine St Annunciation St Diamond St Saint Joseph StPort  of New Orleans Pl Poeyfarre St Saint Thomas St 425 Notre Dame St 600 Port of New Orleans Place Toulouse St Magazine St Peters St 4th St

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