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

Magazine St/4th St 70115 & 70130 Neighborhood

Garden District

The Home Buyer’s Korner

Real Estate G+

Mortgage Lender

General Contractor G+

BUILDING THE DREAM OF HOME OWNERSHIP

Chestnut Street New Orleans LA 70130

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The median real estate price in the Magazine St/4th St (Garden District) neighborhood of New Orleans, Louisiana is just under $574,275, which is more expensive than nearly all of the neighborhoods in Louisiana and over 92 percent of the neighborhoods in the country.

The average rental price in the Magazine St/4th St (Garden District) neighborhood is currently $1,675, and the average rental cost in this neighborhood is higher than over 98 percent of the neighborhoods in Louisiana. Most of the residential real estate is occupied by a mixture of owners and renters. 

Magazine St/4th St (Garden District) is an urban neighborhood located in New Orleans, Louisiana, and real estate is primarily made up of small studios 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 Magazine St/4th 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 1940 and 1969.

If you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 60 percent of the residential real estate in the Magazine St/4th St (Garden District) neighborhood built no later than 1939, this neighborhood has a greater concentration of historic residences than over 95 percent of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

High vacancy rates are a fact of life in the Magazine St/4th St (Garden District) neighborhood. The current real estate vacancy rate here is nearly 24 percent, and this is higher than the rate of vacancies in nearly 90 percent of all the neighborhoods in the country. To understand more about this neighborhoods vacancy rate and its effect 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.

If you are planning to retire in Louisiana, this neighborhood should be on your must-see list. For many reasons, the Magazine St/4th St (Garden District) neighborhood may be considered a retiree’s dream neighborhood. It’s peaceful and quiet, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here.

Do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you, being that over three-quarters of this neighborhood’s residents over the age of 25 in the Magazine St/4th St (Garden District) neighborhood have earned at least a bachelor’s degree. 

The types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. This neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone at nearly 52 percent. This is a higher percent living alone than we found in over 97 percent of all neighborhoods in the country.

Your future neighbors in the Magazine St/4th St (Garden District) neighborhood in New Orleans are well-to-do, making it among the 15 percent highest income neighborhoods in America and this neighborhood has a higher income than 87 percent of the neighborhoods in the country.

Executives, managers and professionals make up nearly 65 percent of the workforce in the Magazine St/4th St (Garden District) neighborhood, which is a higher proportion of such high-level people than is found in over 96 percent of the neighborhoods in America. For this reason, this neighborhood really stands out as unique. 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 25 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations, along with government jobs, whether they are in local, state, or federal positions at around six percent.

Each neighborhood has its own culture derived primarily from the ancestry, and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture, some more unique than others, based on lifestyle, occupations, the types of households, and importantly, on the ethnicity and ancestry of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Magazine St/4th St (Garden District) neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as French at over 14 percent. There are also a number of people of English ancestry at more than 11 percent, and residents who report Irish roots at nearly 10 percent. Some of the residents are also of German ancestry at almost seven percent, along with some Polish or Welsh ancestry residents five percent, along with four percent who have Bristish roots.

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 Magazine St/4th St (Garden District) neighborhood is English, spoken by nearly 88 percent of households, while over five percent speak French at home. Other important languages spoken here include Spanish.

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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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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

70115 Garden District Irish Channell Touro Milan Freret B Harmony Bordeaux St Lyons St Constance St Constance Toledano St Saint Charles Ave 514 Eleonore St Cadiz St 2132 Cadiz Delachaise St Chestnut St 2607 Valence Upperline 6th St Harmony St Laurel St Magazine St Magazine St Patton St Valmont St Nashville Freret St 4637 Tchoupitoulas Valence St Baronne St 3107 Chippewa Street Valence St 3308 Prytania St. APT 12 3700 S Liberty Clara St Magazine St 3605 Constance Foucher Valmont St Constance St Constantinople St 514 Bellecastle Street 2855 St. Charles Ave Valence St Dufossant St Dufossat St 2120 Cadiz St. Milan St 1012 Valence Street 9th St 4007 St. Charles Ave. #114 2210 Jena St. La Salle St Gen Pershing St 7th St Blanc Pl 4889-91 Tchoupitoulas Street Austerlitz St 8th St Camp St Camp St Conery St Constance St Louisiana Ave Louisiana Ave Nashville Ave Nashville Ave Nashville Ave Nashville Ave Robertson St Saint Thomas St Pitt St Rosa Park Perrier St Eleonore St Robert St Milan St 3600 Saratoga St Napoleon Ave Dauphine St Pleasant St 1229 Harmony street Everett Pl 3212 Camp Street Peniston St Franklin Ct And 727 7th St Eleonore Street # Alonzo St 925-27 Milan St. 5105 Annunciation St Bellecastle St Baronne St Carondelet St Jefferson Ave Annunciation St 1928 General Taylor Front St Hurst St Loyola Ave Livaudais St 8th Street # Second Floor Pryania Tchoupitoulas St Coliseum St 726-28 Foucher St. Prytania St Magnolia St Nashville Ave Danneel St Foucher St Peniston Harmony St Laurel St Amelia St Palm Ter Willow St Perrier Leontine St Gen Taylor St Camp St Annunciation St Atlanta St Camp St Leontine St Napoleon Ave 1816 Sixth St OAK ST 3706 s. saratoga st Aline St Saratoga St Robert St 3729 Constance St. Marengo St Conery St Soniat St Danneel Street # Napoleon Ave Napoleon Ave Garfield St Chestnut St For Sale Laurel Richmond Pl Wirth Pl 2820 Milan Lasalle St Napolean Ave 4007 Saint Charles Ave. 3300 Annunciation 4109 Danneel St FOR RENT 600 Saint Charles Ave Upperline St Octavia St Jena St Magazine St Antonine St Dryades St Tchoupitoulas Belmont Pl Valmont St For Sale General Pershing St 2529 Nashville Avenue Arabella St Magazine St General Taylor St Cucullu St Louisiana Ave 3918 Dryades St Chippewa St Loyola Ave. 3705 Clara St Marlborough Gate Pl Story St 1100 Marengo St 800 Toledano Street Carondelet St 1513 Carondelet St Mlk Foucher St Joseph St Liberty St

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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