The Home Buyer's Korner

Information presented should be used for educational purposes only.

July 15th, 2016

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GREATER NEW ORLEANS, LOUISIANA

Lakewood 70118 & 70124 Neighborhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

Bellaire Dr New Orleans LA 70124

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The median real estate price in the Lakewood (County Club Gardens – Lakewood East – Lakewood North – Lakewood South – Le Renardeau – The Oaks at Lakewood South) neighborhood of New Orleans, Louisiana is $630,900, which is more expensive than nearly all neighborhoods in the state and over 94 percent of the neighborhoods in the country.

The average rental price in Lakewood is currently $1,900 a month, and the average rental cost in this neighborhood is higher than all other neighborhoods in Louisiana. Most of the residential real estate is owner occupied.

Lakewood is a suburban neighborhood located in New Orleans, Louisiana, and 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.  One way that the Lakewood neighborhood really stands out, is that it has more large four, five, or additional bedroom homes and real estate than in over 97 percent of the neighborhoods in the country. When you walk or drive around this neighborhood, you’ll instantly notice the size of the homes here which definitely makes a strong visual statement. Many of the residences in the Lakewood neighborhood are older, well-established, built between 1940 and 1969, while a number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are under 10 percent in the Lakewood neighborhood, and lower than in over 46 percent of the neighborhoods in the country, or approximately near the mid-range of vacancies. To learn more about this neighborhood’s vacancy rate and its effect 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 its particular flair and why it’s important to learn all you can about the neighborhood you plan to call home. 

Wealth makes most things in life easier, and a few things harder. If you are well-to-do and enjoy keeping up with the Jones’, this neighborhood will interest you. In fact, the Lakewood neighborhood is wealthier than nearly 99 percent of the neighborhoods in the country. Residents here, are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood. 

A majority of the adults in the Lakewood 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.

Some neighborhoods have residents that are more educated than others. But in this neighborhood, there is a dramatic difference. With over 36 percent of the adults here having earned a Masters degree, medical degree, Ph.D., or law degree and the average being just over eight percent, this is a higher rate of people with a graduate degree than is found in over 97 percent of all neighborhoods nationwide. If you are highly educated, you may have much in common with many of your neighbors here.

Amazingly, this neighborhood has a higher concentration of married couples living here than in over 96 percent of all neighborhoods nationwide. Whether they have school-aged children or not, married couples are the rule in the Lakewood neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests.

Your future neighbors in the Lakewood neighborhood of New Orleans are well-to-do, making it among the 15 percent highest income neighborhoods in the country, and this neighborhood has a higher income than nearly 99 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.

The Lakewood neighborhood has a higher proportion of its residents employed as executives, managers and professionals than nearly 99 percent of the neighborhoods in the country. In fact, over 72 percent of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about. 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 19 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at over five percent, and slightly less than five percent are in government jobs, whether they are in local, state, or federal positions.

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 Lakewood neighborhood in New Orleans, LA, residents most commonly identify their ethnicity or ancestry as German at nearly 19 percent. There are also a number of people of French ancestry at almost 18 percent, and residents who report English roots at over 15 percent. Some of the residents are also of Irish ancestry at over 13 percent, along with some Italian ancestry residents just under nine percent, while almost two percent has Canadian roots, among others.

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 Lakewood neighborhood is English, spoken by nearly 88 percent of households, while over four percent speak French. Other important languages spoken here include Spanish and Korean.

VISIT OUR GREATER NEW ORLEANS “HOMES FOR SALE” BOARDSLivingston Homes for Sale

Lakewood – County Club Gardens – Lakewood East – Lakewood North

Lakewood South – Le Renardeau – The Oaks at Lakewood South

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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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70118 70124  Lakewood – County Club Gardens – Lakewood East – Lakewood North Lakewood South – Le Renardeau – The Oaks at Lakewood South

70118 East Carrollton Audubon Holly Grove Cohn St Alvin Callender St Oak St Tchoupitoulas Audubon Blvd Exposition Blvd Audubon Pl Colapissa St St Charles Ave Hollygrove St Audubon St Pear St Monticello Ave Duckhook Dr Chestnut St Hillary St Ferry Pl 2122 S. Carrollton Patton St Freret St 2306-08 Short St. Marquette Pl Dante Forshey St Clara St Magazine St Nelson St Constance St Millaudon St Dominican St Dixon St Cherokee St Cherry St Neron Panola St Lowerline St Adams St Pearl St Neron Pl Newcomb Blvd Tchoupitoulas St Sycamore Pl 7803 Panola Street Pontchartrain Blvd Heaton St Adams St Benjamin St Henry Clay Ave Henry Clay Ave Oak St Hickory St Robertson St Benjamin St Jeannette St 2911 Monroe St. Pitt St Monroe Ct Pritchard Place # Second Floor Perrier St Sycamore St Quince St 3414 Monroe Street Webster St Lowerline St Carrollton Ave Jeannette 1810 Fern St 354 LOWERLINE Henry Clay Ave Spruce St Cromwell Pl Burdette St Palmetto St Apple St Monroe St Annunciation St Henry Clay Ave Burthe St Delord St Birch St Front St Hurst St Calhoun St Loyola Ave Blluebird St Cherry Redbud Rd Hamilton St Tchoupitoulas St Coliseum St Prytania St Magnolia St Apricot St For Rent Only Palm St Laurel St Oakland Dr Leonidas St Willow St Camp St Eagle St Pritchard Pl Dante St Barrett St Live Oak St Oleander St Carrollton Ave Joliet St Fig St Palmer Ave Broadway St Stroelitz St Pine St Leake Ave Carrollton Avenue # Pine St 2210 Pine St Burdette Livingston St Garfield St 8607 Willow St. Cecil St Lasalle Pl Zimpel Aly Apricot St Burdette St Plum St Short Street # Apricot St Cherokee St Short St Dunleith Ct Saint Charles Ave Claiborne Ave Clairborne Ave–Hecm Fern St Olive St Cambronne St Hampson St 2522 S. Carrollton Ave Camphor St Peach St Tchoupitoulas St Palmetto St Spruce St Moqueur Ln Music St Zimpel St Adams St 2522 S Carrollton. Ave Apricot St Marks St State St Walnut St Burdette St For Sale General Ogden St Mistletoe St Johnson St Prieur St Joliet St Eagle St Eagle St Green St Edinburgh St Belfast St Dublin St Story St Maple St Bunker Hill Rd

70124 Lakeview Leslie Ln 16th St Park Pl 22nd St 6079 Louisville St. Rosedale Dr Cherlyn Dr Ridgeway Pl Ada Pl 12th St Middle Park Pl Mound Ave Ringold St Brooks St Orleans Ave. Lakeview Bamboo Rd Milne St Clare Ct  5954 COLBERT STREET Sharon Dr Florida Blvd Evelyn Ct Virginia Ct Maryland Dr 20th St Garden Ln 5665 Hawthorne Place Dale Ct Park Pl Rosemary Pl Sylvia Dr Fairway Dr Virginia St Woodlawn Pl 915 FRENCH STREET Conti St 104 E Park Place Milne Blvd Jacquelyn Ct Navarre Ave Weiblen Pl Country Club Dr Central Park Pl 20th St Virginia St Park Pl Veterans Blvd Homedale St Canal Blvd Hawthorne Pl Hidalgo St Marcia Ave Charles Pl Kenilworth St Metairie Rd 300 Homedale Sylvia Dr Greenwood Dr 14th St Clayton Ave Voisin St Brooks St Harrison Ave 10th St Dayna Ct Harney St Canal Roadway Germain St French St Park Pl Kenilworth St Lemoyne St AYMARD CT 419 Kenilworth St Pontalba St 18th St Cameo St Tern St Avenue A Other Regent St Lark St Robert E Lee Boulevard # First Floor Gull St 351 38th Street Crystal St Conrad St Derbes St Ring St Beauregard Ave Ani St 32nd St 30th St Bluebird St Emerald St Roadway St Swan St Lakeshore Dr Robert E Lee Blvd 40th St Louis Xiv St Milne Blvd General Haig Spanish Fort Blvd Thrush St Argonne Blvd Mariners Cv N Mariners Cv W Filmore Ave Wren St 38th St Walker St Lakeshore Pkwy Lakeshore Pkwy Sardonyx St 935 Chapelle Street 943 Chapelle Street Rue La Ville St Heron St Killdeer St Lake Marina Ave Lark St Ponchartrain Blvd Breakwater Dr 35th St Road Way Beryl St Topaz St Rosemary Pl For Rent Marshall Foch St Finch St Crane St Fleur De Lis Dr Fleur Delis Dr 14 Stafford Pl Amethyst St Agate St General Diaz St 6732 Bellaire Drive Louisville St General Haig St Onyx St Louque Pl Mouton St Catina St Garnet St Spinnaker Ln Porteous St New Basin Way End Blvd For Rent 39th St 33rd St Argonne Blvd Bellaire Dr Catina St 6468-70 Avenue B Bragg St Jade St Wren St Oriole St Wuerpel St Opal St Lark St Swallow St Downs St 36th St 26th St Plover St 28th St Drifter Ln Flamingo St Avenue A 7237 Regent Street Seattle St Egret St Pontchartrain Blvd Amber St Memphis St GEN HAIG ST Marconi Dr Jewel St 5881 Sylvia Drive Avenue B Hay Pl Rail St Orleans Ave Lane St Amp 748 Robert E Lee Blvd Harrison Ave Gem St End Blvd Kenison St Rue Le Ville Ot HAMMOND HWY 7300 Lakeshore Dr 5460-62 Hawthorne Place Snipe St Canal Blvd Portland St Warbler St Hawk St Vicksburg St Lake Marina DR Roy St Stilt St Roadway St 462 Lakeshore Parkway Center St 1 Rail St. Lakeshore Pk New Orleans Louisiana 34th St Thrasher St Swallow St Dove St 37th St Robert E Lee Blvd Turquoise St Chapelle St Ibis St ROADWAY ST Spencer Ave Fremont St Jay St Pontchartrain Blvd Colbert St Tacoma St No Hammond Hwy Wren St Bellaire Dr Polk St

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