The Home Buyer's Korner

Information presented should be used for educational purposes only.

August 4th, 2016

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GREATER NEW ORLEANS, LOUISIANA

Broadmoor

S Broad St/Fontainebleau Dr 70125 Neighborhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

Elba St New Orleans LA 70125

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The median real estate price in the S Broad St/Fontainebleau Dr (Broadmoor) neighborhood of New Orleans, Louisiana is $240,625, which is more expensive than over 88 percent of the neighborhoods in the state and nearly 66 percent of the neighborhoods in the country.

The average rental price in the S Broad St/Fontainebleau Dr (Broadmoor) neighborhood is currently $1,375, and the average rental cost in this neighborhood is higher than 93 percent of the neighborhoods in Louisiana. Most of the residential real estate is occupied by a mixture of owners and renters.

S Broad St/Fontainebleau Dr (Broadmoor) area is an urban neighborhood located in New Orleans, Louisiana, and the 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.

Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes; such building types define the real estate in neighborhoods dominated by small two, three, and four unit buildings. Many are in older core neighborhoods of New Orleans. If you’re romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist on the corner, then you might find the S Broad St/Fontainebleau Dr (Broadmoor) neighborhood worth a closer look. This neighborhood is an absolutely outstanding example of the dominance of small two, three, and four unit buildings compared to neighborhoods across the country, as they make up a substantial portion of this neighborhood’s real estate stock. In fact, over 34 percent of the real estate here is made up of such dwellings, which is higher than 95 percent of all the neighborhoods in America.

Many of the residences in the S Broad St/Fontainebleau Dr (Broadmoor) neighborhood are older, well-established, built between 1940 and 1969, while a number of residences were built before 1940.

The S Broad St/Fontainebleau Dr (Broadmoor) neighborhood has a vacancy rate over 14 percent, which is above average compared to other neighborhoods across the country. To learn more about this neighborhoods vacancy rate and its effect on your home buying or selling options, consult your real estate agents.

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 it’s so important to learn all you can about the neighborhood you plan to call home.

Your future neighbors in the S Broad St/Fontainebleau Dr (Broadmoor) neighborhood of New Orleans earn middle class incomes, and this neighborhood has a higher income than nearly 49 percent of the neighborhoods across the country. 

In the S Broad St/Fontainebleau Dr (Broadmoor) neighborhood, over 48 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 manufacturing and laborer occupations at almost 20 percent, and over 10 percent in clerical, assistant, and tech support 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 the S Broad St/Fontainebleau Dr (Broadmoor) neighborhood of New Orleans, LA, residents most commonly identify their ethnicity or ancestry as French at 10 percent. There are also a number of people of German ancestry at nearly nine percent, and residents who report Irish or Sub-Saharan roots at around seven percent. Some of the residents are also of  Brazilian ancestry at over two percent and nearly six percent have Haitian ancestry, among others.

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 S Broad St/Fontainebleau Dr (Broadmoor) neighborhood is English, spoken by over 89 percent of households, while over two percent speak French. 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

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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70125 Broadmoor

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