The Home Buyer's Korner

Information presented should be used for educational purposes only.

June 16th, 2016

Guy looking up in color

GREATER NEW ORLEANS, LOUISIANA

East New Orleans

Michoud Blvd/Lemans St 70129 Neighborhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

Red Maple Dr New Orleans LA 70129

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The median real estate price in the Michoud Blvd/Lemans St (Michoud) neighborhood of New Orleans, Louisiana is $131,000, which is more expensive than nearly 48 percent of the neighborhoods in the state and almost 34 percent of the neighborhoods in the country.

The average rental price in the Michoud Blvd/Lemans St (Michoud) neighborhood is currently $960 a month, and the average rental cost in this neighborhood is higher than over 60 percent of the neighborhoods in Louisiana. Most of the residential real estate is owner occupied.

Michoud Blvd/Lemans St (Michoud) area is a suburban neighborhood in New Orleans, Louisiana, and the residential real estate is primarily made up of medium sized three or four bedroom to large four, five or more bedroom single-family and manufactured homes. Many of the residences in the Michoud Blvd/Lemans St (Michoud) neighborhood are established, but not old, having been built between 1970 and 1999, while a number of residences were built between 1940 and 1969.

The Michoud Blvd/Lemans St (Michoud) neighborhood has a vacancy rate in excess of 12 percent, which is above average compared to other neighborhoods across America. Worth noting that that over seven percent of the housing units here are seasonally occupied, and higher vacancies can occur in some markets with a large amount of college students or vacation homes. If you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year. To understand this neighborhood’s vacancy rate and its effects 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, can make all the difference when choosing a neighborhood to call home. 

One of the really interesting characteristics about the Michoud Blvd/Lemans St (Michoud) neighborhood is that, it’s an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for families with school-aged children.

Your future neighbors in the Michoud Blvd/Lemans St (Michoud) neighborhood of New Orleans earn modest to middle class incomes, and this neighborhood has an income lower than over 70 percent of all neighborhoods nationwide. 

In the Michoud Blvd/Lemans St (Michoud) neighborhood, 31 percent of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 30 percent of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants at 24 percent, and nearly 14 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 ancestry often express those shared learned behaviors and this gives each neighborhood its own culture. 

In the Michoud Blvd/Lemans St (Michoud) neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as Asian at over 37 percent. There are also a number of people of Irish or Italian ancestry at nearly two percent. Additionally, over 19 percent of the residents in this neighborhood were born in another country.

The most common language spoken in the Michoud Blvd/Lemans St (Michoud) neighborhood is English, spoken by over 66 percent of households, while nearly 34 percent speaks Vietnamese. 

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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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70129 Michoud

70129 Viavant Venetian Isles Paris Rd Brittany Ct Intrepid St San Remo Rd Horizon Dr San Rocco St Dwyer Blvd Granville St Toulon St Naples St Lots B & C Burton Rd Lots D & E Burton Rd SCHEMKEL DR Voyageur Ct Voyageur Dr Provincial Pl Endeavors Ct 20647 Old Spanish Trail Adventure Ave Strasbourg Pl Nemours St Revel St Saigon Dr Cannes St Grand Bayou Dr San Trovaso St Nemours St Patio Way Maple Wood Dr Naples Ot Vanchu Dr Cavelier Dr New England Dr Old Spanish Trl Oak Ridge Dr Schmaltz Dr Cernay St Wayfarer St Biscay St Avoyelles Pl My Viet Dr Lemans St Francesco Rd Touche Palace St RTE 5 RTE 6 RIDGEWAY BLVD Alsace St Charmes Ct Lemans St Murano Rd Hayne Blvd Laval St New Hampshire Dr Sevres St Caddo Pl Maucele Acadiana Pl Ridgeway Blvd Martin St Clinton Dr Lucrino Rd San Marco Rd Chateau Ct Trappers Ct Tudo Dr Bergerac St Lake Breeze Dr Trieste St Saint Marie Ct Saint Marie Dr Jacobs Savoie Ct Calais St Marchand Dr Michoud Blvd Cavelier Dr Veronese St Burton Rd Beaucaire St Cherbourg St Saint Helena Pl Venetian Isles Dominic Mai Dr Fort Macomb Rd Pierres Ct Genoa Rd Chef Menteur Hwy Peltier St Alba Rd Alba Rd E Alba Rd W Lourdes St Expedition Dr Deauville Ct Marseille St Petit Bayou Ln Dominique Pl Corsica Pl Point Coupee Pl 4440-50 SAN REMO Explorers Ave Maple Ridge Dr Red Maple Dr Hessler Mayn St Lemans St Kim Ct Gilbert St San Giorgio St Founders Ct Willow Ridge Dr Kim Dr Alcee Fortier Blvd Treves St Assumption Pl Willowbrook Dr Horizon Ct OLD GENTILLY RD

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