The Home Buyer's Korner

Information presented should be used for educational purposes only.

July 6th, 2016

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GREATER NEW ORLEANS, LOUISIANA

Milneburg

Milneburg 70122 Neighborhood

The Home Buyer’s Korner

Real Estate G+

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General Contractor G+

BUILDING THE DREAM OF HOME OWNERSHIP

Odin St New Orleans LA 70122

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The median real estate price in the Milneburg (St Raphael) neighborhood of New Orleans, Louisiana is $188,875, which is more expensive than over 78 percent of the neighborhoods in the state and nearly 55 percent of the neighborhoods in the country.

The average rental price in the Milneburg neighborhood is currently $1,075 a month, and the average rental cost in this neighborhood is higher than over 72 percent of the neighborhoods in Louisiana. Most of the residential real estate is occupied by a mixture of owners and renters.

Milneburg is a suburban neighborhood located in New Orleans, Louisiana and real estate is primarily made up of medium sized three or four bedroom to small studios to two bedroom single-family homes and other multi-family housing options like condominiums, town homes, duplexes, and apartments. Many of the residences in the Milneburg neighborhood are older, well-established, built between 1940 and 1969, while a number of residences were built between 1970 and 1999.

Vacant homes and apartments are a fact of life in Milneburg, and the current real estate vacancy rate here is over 25 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 you want to learn all you can about the neighborhood you plan to call home. 

Your future neighbors in the Milneburg neighborhood in New Orleans earn modest to middle class incomes, and this neighborhood has an income lower than nearly 68 percent of all other neighborhoods in America. 

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Milneburg neighborhood, over 32 percent of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with more than 27 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 more than 23 percent, and almost 17 percent in manufacturing and laborer occupations.

Culture is the shared learning behavior of peoples. Undeniably, different ethnicity and ancestry have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or other ethnicity or ancestries will express those cultures. 

In the Milneburg neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African at more than 15 percent, and residents who report Cuban roots over four percent. Some of the residents are also of Irish ancestry at nearly three, while over two percent are of Haitian ancestry residents, among others.

The most common language spoken in the Milneburg neighborhood is English, spoken by over 90 percent of households, while more than seven percent speak Spanish.

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Milneburg – St Raphael

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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.

To print this document, click on “Open in New Window” located at the lower right corner;

click on “File”; then click on “Print”. In the center of the screen, you will have the option to

“Create A Printable PDF of the Presentation”.

START YOUR PATH TO HOME OWNERSHIP TODAY

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70122 Milneburg – St Raphael

70122 Fillmore Camp Leroy Johnson Gentilly Saint Bernard Area Saint Denis St Elder St Jumonville St Acacia St Virgil Blvd Sage St Frenchmen St Sere St Encampment St Westbrook Dr Gladiolus St Treasure St Wellington Dr Jonquil St Sumpter St Stephen Girard St Havana Pl Havana St Piedmont Dr Florida Ave 3642 Clematis St Rayne Dr Iris St Deers St St Anthony Ave Hamburg St Davey St Foy St Republic St Constitution Pl Lavender St Jeannie Marie Pl Monterey St Randolph Ave Humanity St Buchanan St Benefit St Sybil St Senate St Fairmont Dr Broad St Van Ave 2647 robert e. lee Kennon Ave ST ANTHONY ST Caton Ct Jasmine St Caton St Pleasure St Wallace Dr Park Island Dr Agriculture St Gibson St Wakefield Pl Harcourt Dr Abundance St Edge St Lafreniere St Verbena St Croftway Ct Pelopidas St Mandolin St Industry St Lombard St Clematis St Saint Roch Ave Aster St Bruxelles St Live Oak Pl CLOVER ST Bay St Myrtle St Overton Dr London Ave Harrison Ave Gentilly Blvd Montpelier St Montreal St Rabbits St Clermont Dr Jeanne Marie Pl Wisteria St Clover St Paula St Lotus St Cadillac St Duplessis St Overton Dr Bancroft Dr Demontluzin St For Rent Madrid St Marigny St Cameron Blvd Arts Owens Blvd Paris Ave Frenchmen St New York St Mendez St London Dr Chatham Dr Venus St Moss St Wildair St A PAUGER ST Frankfort St Jay St Painters St Eads St Bancroft Dr 6042 Pratt Drive Mexico St Franklin Ave Mithra St Wadsworth Dr 4919 St. Roch Ave. Carlson Dr Western St Crescent Dr Curie St Robert E Lee Blvd Saint Roch Ave Soldiers St King Dr Vermillion Blvd Perlita Dr Perlita St Dreux Ave Lark St Verbena St For Rent Fortress Rd Eastern St Caldwell Dr Chamberlain Dr Wilton Dr Wildair Dr Seville Dr Timoleon St Annette St Alfred St Rosary Dr Ern 5241 chamberlain dr. Selma St Leon C Simon Dr Elysian Fields Ave Filmore Ave Gardena Dr 5000 Chamberlain Pratt Dr Pratt Pl Mirabeau Ave Riviera Ave Granada Dr Baccich St Athis St Mandeville St Wainwright Dr Mandeville Street # Miles Dr 1442 Mithra Street 1603 Charlton Drive 5012 Paris Avenue 1600 LAKESHORE DRIVE Baccich St Pasteur Blvd Moore Dr Bertha Dr Oriole St Prentiss Ave Spain St Marjorie Ln 2536 robert e. lee Carnot St 2251 Vienna Street Burbank Dr Demontluzin St 4763 painters Charlotte Dr Vienna St Baccich St Aviators St Mexico St Wilton Dr For Sale Music St Charlton Dr Saint Anthony Ave Filmore Ave 1343 seville dr. Pressburg St St Benard Ave Saint Bernard Ave Rapides Dr Pratt Dr Wickfield Dr Lakeshore Dr Arts St Waldo Dr Robin St 2412 PRESSBURG ST Killdeer St Warrington Dr Lafaye St Odin St Peoples Ave Lake Oaks Pkwy Cabrini Ct Brutus St Cartier Ave Cartier Dr New Orleans St Lisbon St Cartwright Dr Spain St Arts St Touro St Milton St Allen St Wingate Dr Spanish Fort Shell Rd Virginia Marie St

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