The Home Buyer's Korner

Information presented should be used for educational purposes only.

June 21st, 2016

Guy looking up in color

GREATER NEW ORLEANS, LOUISIANA

East New Orleans

Lake Forest Blvd/Bundy Rd 70127 Neighborhood

The Home Buyer’s Korner

Real Estate G+

Mortgage Lender

General Contractor G+

BUILDING THE DREAM OF HOME OWNERSHIP

Norgate Dr New Orleans LA 70127

Get Pre Approved for a Home Loan

The median real estate price in the Lake Forest Blvd/Bundy Rd (Michoud – Cindy Place – Donna Villa- Lake Forest) neighborhood of New Orleans, Louisiana is $170,175, which is more expensive than over 71 percent of the neighborhoods in Louisiana and nearly 49 percent of the neighborhoods in the country.

The average rental price in the Lake Forest Blvd/Bundy Rd neighborhood is currently $950, and rents here are currently lower in price than almost 42 percent of all the neighborhoods in Louisiana. Most of the residential real estate is renter occupied.

Lake Forest Blvd/Bundy Rd area is a suburban neighborhood located in New Orleans, Louisiana, and real estate is primarily made up of small studios to two bedroom to medium sized three or four bedroom single-family homes and other multi-family housing options like condominiums, town homes, duplexes, and apartments.  Many of the residences in the Lake Forest Blvd/Bundy Rd neighborhood are established, but not old, having been built between 1970 and 1999, with a number of homes built between 2000 to present day.

Vacant homes and apartments are a fact of life in the Lake Forest Blvd/Bundy Rd neighborhood. The current real estate vacancy rate here is nearly 23 percent. To understand the neighborhood’s vacancy rate and its effects on your home buying or selling options, consult your real estate agent. 

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.

Your future neighbors in the Lake Forest Blvd/Bundy Rd neighborhood of New Orleans earn modest incomes, and this neighborhood has an income lower than nearly 90 percent of all neighborhoods in America. 

Over 50 percent of the residents in the Lake Forest Blvd/Bundy Rd neighborhood are employed as sales and service workers. 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 executive, management, and professional occupations, with over 20 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations more than 17 percent, and 12 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 Lake Forest Blvd/Bundy Rd neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African at nearly 17 percent, while just under two percent  has Italian roots. 

Languages spoke here is primarily English, but under one percent of its residents primarily speak Yiddish at home. While this may seem like a small percentage, it is higher than in over 99 percent of the neighborhoods in America.

VISIT OUR GREATER NEW ORLEANS “HOMES FOR SALE” BOARDS

Livingston Homes for Sale

Michoud – Cindy Place – Donna Villa – Lake Forest

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 FHA 203K 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 Vacation 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 Down Payment Assistance

70127 Michoud – Cindy Place – Donna Villa – Lake Forest

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