The Home Buyer's Korner

Information presented should be used for educational purposes only.

June 11th, 2016

Guy looking up in color

GREATER NEW ORLEANS, LOUISIANA

Algiers

Our Lady of Holy Cross College/Berkley Dr 70131 Neighborhood

The Home Buyer’s Korner

Real Estate G+

Mortgage Lender

General Contractor G+

BUILDING THE DREAM OF HOME OWNERSHIP

Rue Nichole New Orleans LA 70131

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The median real estate price in Our Lady of Holy Cross College/Berkley Dr neighborhood (Algiers – Aurora Gardens) of New Orleans, Louisiana is $189,850, which is more expensive than 79 percent of the neighborhoods in the state and nearly 55 percent of the neighborhoods in the country.

The average rental price in Our Lady of Holy Cross College/Berkley Dr (Algiers – Aurora Gardens) neighborhood is currently $1,075 a month, and the average rental cost in this neighborhood is higher than nearly 74 percent of the neighborhoods in Louisiana. Most of the residential real estate is occupied by a mixture of owners and renters. 

Our Lady of Holy Cross College/Berkley Dr (Algiers – Aurora Gardens) area is an urban neighborhood located in New Orleans, Louisiana, and real estate is primarily made up of medium sized three and four bedroom to large four, five or more bedroom single-family homes, and other multi-family housing options like condominiums, town homes, duplexes, and apartments.

Many of the residences in the Our Lady of Holy Cross College/Berkley Dr (Algiers – Aurora Gardens) neighborhood are established, but not old, having been built between 1970 and 1999, with a number of homes were also built between 1940 and 1969.

Vacant apartments or homes are a fact of life in Our Lady of Holy Cross College/Berkley Dr (Algiers – Aurora Gardens) neighborhood, and the current real estate vacancy rate here is over 26 percent. To understand this neighborhood’s 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 is important to learn all you can about the neighborhood you plan to call home.

If you are an executive or professional seeking a neighborhood affording an executive lifestyle, or just wanting to find where other executives live in the area, the Our Lady of Holy Cross College/Berkley Dr (Algiers – Aurora Gardens) neighborhood should be on your list. It has an enviable mix of spacious homes, relatively stable real estate values, and residents that include a number of well-to-do executives, managers, and professionals.

Your future neighbors in Our Lady of Holy Cross College/Berkley Dr (Algiers – Aurora Gardens) neighborhood of New Orleans earn upper middle class incomes, and this neighborhood has a higher income than over 62 percent of the neighborhoods in America. 

In Our Lady of Holy Cross College/Berkley Dr (Algiers – Aurora Gardens) neighborhood, over 34 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 28 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 23 percent, and more than 14 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 ancestry will express those cultures.

In Our Lady of Holy Cross College/Berkley Dr (Algiers – Aurora Gardens) neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as German at eight percent. There are also a number of people of English ancestry at seven percent, and residents who report Sub-Saharan African roots nearly five percent. Some of the residents are also of French ancestry at over four percent, along with some Irish ancestry residents more than three percent, among others.

The most common language spoken in Our Lady of Holy Cross College/Berkley Dr (Algiers – Aurora Gardens) neighborhood is English, and spoken by 96 percent of households.

VISIT OUR GREATER NEW ORLEANS “HOMES FOR SALE” BOARDS

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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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70131 Algiers – Aurora Gardens

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