The Home Buyer's Korner

Information presented should be used for educational purposes only.

May 2nd, 2016

Guy looking up in color

GREATER NEW ORLEANS, LOUISIANA

Central City-Faubourg Delassize

Loyola Ave/4th St 70113 Neighborhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

Washington Ave, New Orleans, LA 70113

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The median real estate price in the Loyola Ave/4th St (Central City-Faubourg Delassize) neighborhood of New Orleans, Louisiana is $136,250, which is more expensive than nearly 51 percent of the neighborhoods in the state and 34 percent of all the neighborhoods across the nation.

The average rental price in the Loyola Ave/4th St (Central City-Faubourg Delassize) neighborhood is currently just over $800, and rents here are currently lower in price than almost 65 percent of Louisiana neighborhoods. Most of the residential real estate is renter occupied.

Loyola Ave/4th St (Central City-Faubourg Delassize) area is an urban neighborhood located in New Orleans, Louisiana, and the residential real estate is primarily made up of small studio and 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 Loyola Ave/4th St (Central City-Faubourg Delassize) neighborhood are relatively historic, built no later that 1939 and in some cases, quite a bit earlier, while a number of residences were also built between 1940 and 1969.

Vacancy rates for apartments or homes are a fact of life in the Loyola Ave/4th St (Central City-Faubourg Delassize) neighborhood, and the current real estate vacancy rate here is nearly 29 percent. To understand more about this neighborhoods vacancy rate and its effects on your home buying or selling options, consult your real estate agent.

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its flair. Some places look the same, but they only reveal their true character after living in them for a while, and why it’s important to learn all you can about the neighborhood you plan to call home.

One of the interesting things about the Loyola Ave/4th St (Central City-Faubourg Delassize) neighborhood is that it has a greater concentration of residents who live alone at over 49 percent, than mostly all neighborhoods in the country.

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 Loyola Ave/4th St (Central City-Faubourg Delassize) neighborhood is a great neighborhood for bicycle commuters, as nearly six percent of commuters here do ride their bikes to and from work on a daily basis. 

Your future neighbors in the Loyola Ave/4th St (Central City-Faubourg Delassize) neighborhood in New Orleans earn modest incomes, and this neighborhood has an income lower than 98 percent of neighborhoods in America. 

In the Loyola Ave/4th St (Central City-Faubourg Delassize) neighborhood, nearly 35 of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with almost 31 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at over 27 percent, and slightly more than seven percent in executive, management, and professional occupations.

Culture is shared learning behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture, our learned behavior, comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand. Places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. 

In the Loyola Ave/4th St (Central City-Faubourg Delassize) neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as Black, or African-American at nearly 23 percent.

The most common language spoken in the Loyola Ave/4th St (Central City-Faubourg Delassize) neighborhood is English, spoken by nearly all households. 

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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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70113 Central City

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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