The Home Buyer's Korner

Information presented should be used for educational purposes only.

May 9th, 2016

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GREATER NEW ORLEANS, LOUISIANA

Touro

Magazine St/General Taylor St 70115 Neighborhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

General Taylor St New Orleans LA 70115

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The median real estate price in the Magazine St/General Taylor St (Touro) neighborhood of New Orleans, Louisiana is $454,200, which is more expensive than nearly all of the neighborhoods in the state and over 87 percent of the neighborhoods in the country.

The average rental price in the Magazine St/General Taylor St (Touro) neighborhood is currently just under $1,450 a month, and the average rental cost in this neighborhood is higher than well over 94 percent of the neighborhoods in Louisiana. Most of the residential real estate is renter occupied.

The Magazine St/General Taylor St (Touro) neighborhood 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.

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner. These are some of the hallmarks of neighborhoods with lots of small two, three, and four unit buildings. The Magazine St/General Taylor St (Touro) neighborhood really stands out in this regard, however, as it is dominated by such small buildings more than nearly any other neighborhood in the country. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, nearly 38 percent of the real estate, here are small two, three, or four unit building, which is a higher proportion than found in nearly 96 percent of America’s neighborhoods.

Many of the residences in the Magazine St/General Taylor St (Touro) 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 over 70 percent of the residential real estate in the Magazine St/General Taylor St (Touro) neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than nearly 98 percent of all neighborhoods in the country. In this regard, this neighborhood truly stands out as special.

The Magazine St/General Taylor St (Touro) neighborhood has a vacancy rate over 16 percent, which is above average compared to other neighborhoods across the country and higher than over 77 percent of all neighborhoods nationwide. To understand more about this neighborhoods 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 its particular flair, and why it’s important to learn all you can about the neighborhood you plan to call home.

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 over 48 percent. 

The Magazine St/General Taylor St (Touro) neighborhood stands out within Louisiana for its college student friendly environment. This neighborhood is home to a number of college students and is relatively walk-able and a good place for college students to consider. Because a number of college students live here, this neighborhood certain amenities nearby are geared towards the student body. While it’s not an environment for everyone, ambitious scholars can enjoy the seasonal excitement between semesters and school breaks. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for active retirees, young, single professionals and highly educated executives.

Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, Americans enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds, and the Magazine St/General Taylor St (Touro) neighborhood is one of the most walkable neighborhoods in New Orleans. 

Your future neighbors in the Magazine St/General Taylor St neighborhood of New Orleans earn middle class incomes, and this neighborhood has a higher income than nearly 48 percent of the neighborhoods in America.

In the Magazine St/General Taylor St (Touro) neighborhood, over 60 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 22 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 12 percent, and over six percent in manufacturing and laborer occupations.

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/General Taylor St (Touro) neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as Irish at over 12 percent. There are also a number of people of French ancestry at 11 percent, and residents who report English, German or Italian roots at around seven percent. Some of the residents are also of Spanish ancestry at nearly three percent.

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/General Taylor St (Touro) neighborhood is English, spoken by over 85 percent of households, while nearly three 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

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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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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

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