The Home Buyer's Korner

Information presented should be used for educational purposes only.

June 13th, 2016

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GREATER NEW ORLEANS, LOUISIANA

Michoud 70126 70127 & 70129 Neighborhood

The Home Buyer’s Korner

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The median real estate price in the Michoud (East Highlands – Vivant – Venetian Isles) neighborhood of New Orleans, Louisiana is $163,200, which is more expensive than 66 percent of the neighborhoods in the state and 46 percent of all the neighborhoods in the country.

The average rental price in Michoud (East Highlands – Vivant – Venetian Isles) currently $750, and rents here are currently lower in price than over 70 percent of all the neighborhoods in Louisiana. Most of the residential real estate is renter occupied and over 90 percent of the real estate in the Michoud neighborhood is occupied by renters

Michoud (East Highlands – Vivant – Venetian Isles) is a rural 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.

The Michoud (East Highlands – Vivant – Venetian Isles) neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in the country. Nearly 83 percent of the neighborhood is comprised of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. 

Many of the homes in the Michoud (East Highlands – Vivant – Venetian Isles) neighborhood are older, well-established, built between 1940 and 1969, with a number of residences built between 1970 and 1999.

Vacant apartments or homes are a fact of life in the Michoud (East Highlands – Vivant – Venetian Isles) neighborhood, and the current vacancy rate here exceeds 33 percent. 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, and its flair can make all the difference when choosing a neighborhood to call home. This neighborhood has some really cool things about the way it looks and feels.

Do you like to be surrounded by people from all over the country or the world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? This neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Michoud (East Highlands – Vivant – Venetian Isles) neighborhood, a greater proportion of the residents living here today did not live here five years ago. This neighborhood, more than almost any other in America, has new residents from other areas.

The Michoud (East Highlands – Vivant – Venetian Isles) neighborhood stands out nationally for having a greater proportion of its residents active in the military than almost 99 percent of all other neighborhoods in America. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

American households most often have a car, and regularly they have two or three. But households in the Michoud (East Highlands – Vivant – Venetian Isles) neighborhood buck this trend, with over 30 percent of the households in this neighborhood not own a car at all. 

More people ride the bus in this neighborhood each day to get to work than nearly any other neighborhood in America.

Also, in the Michoud (East Highlands – Vivant – Venetian Isles) neighborhood, walking to work is a real option for many, and nearly 16 percent of residents here already walk to and from work here daily.

Your future neighbors in the Michoud (East Highlands – Vivant – Venetian Isles) neighborhood of New Orleans earn modest incomes, and this neighborhood has an income lower than nearly 99 percent of the neighborhoods in America.

Nearly 95 percent of the adult residents in the Michoud neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in nearly 96 percent of the neighborhoods in America.

The types of occupations your neighbors have, shape their character and together as a group, their collective occupations shape the culture of a place.

In the Michoud (East Highlands – Vivant – Venetian Isles) neighborhood, over 33 percent of the working population is employed in manufacturing and laborer 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 over 22 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at more than 20 percent, and over 19 percent in executive, management, and professional occupations.

It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish, or harvest now than at any time in American history. But, the Michoud (East Highlands – Vivant – Venetian Isles) neighborhood stands apart from most American neighborhood due to the proportion of its residents still working on our waterways and the Gulf of Mexico. With nearly five percent of the seafaring workers, this neighborhood has a greater concentration of such seaman and fisherman than over 96 percent of all other neighborhoods nationwide.

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 other ancestry often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Michoud (East Highlands – Vivant – Venetian Isles) neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as Mexican at over seven percent. There are also a number of people of Sub-Saharan African ancestry at over six percent. Some of the residents are also of English or French ancestry at nearly two percent, among others. In addition, over 15 percent of the residents of this neighborhood were born in another country.

The most common language spoken in the Michoud (East Highlands – Vivant – Venetian Isles) neighborhood is English, spoken by over 79 percent of households, while 19 percent of households speak 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

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are ready to assist you with your home purchase

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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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70126 East Highlands – Vivant – Venetian Isles

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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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