The Home Buyer's Korner

Information presented should be used for educational purposes only.

April 27th, 2016

Guy looking up in color

GREATER NEW ORLEANS, LOUISIANA

Garden District

Saint Andrew St/Magazine St 70130 Neighborhood

The Home Buyer’s Korner

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Mortgage Lender

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BUILDING THE DREAM OF HOME OWNERSHIP

Chestnut St New Orleans LA 70130

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The median real estate price in the Saint Andrew St/Magazine St (Garden District) neighborhood of New Orleans, Louisiana is $305,400, which is more expensive than over 94 percent of the neighborhoods in the state and nearly 74 percent of the neighborhoods in the country.

The average rental price in the Saint Andrew St/Magazine St (Garden District) neighborhood is currently $1,150, and the average rental cost in this neighborhood is higher than 78 percent of the neighborhoods in Louisiana. Most of the residential real estate is renter occupied.

Saint Andrew St/Magazine St (Garden District) area is a densely populated urban neighborhood located in New Orleans, Louisiana, and the residential real estate is primarily made up of small studios and two bedroom to medium sized three or four bedroom multi-family homes like condominiums, town homes, duplexes, and apartments. 

The Saint Andrew St/Magazine St (Garden District) 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 America. Most neighborhoods have a mixture 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. With over 92 percent of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the country that share this characteristic.

The real estate in the Saint Andrew St/Magazine St (Garden District) neighborhood really stands out in the way it looks for a unique reason. This neighborhood has a higher proportion of multi-family housing option than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by multi-family housing units. In fact, nearly 69 percent of the real estate here is classified as such.

Many of the residences in the Saint Andrew St/Magazine St (Garden District) neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier, while a number of residences were built between 1940 and 1969.

Vacant apartments or homes are a fact of life in the Saint Andrew St/Magazine St (Garden District) neighborhood, and the current real estate vacancy rate here is above 21 percent, and higher than the rate of vacancies in nearly 87 percent of all neighborhoods in America. To understand more about this neighborhood’s vacancy rate and its affects 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’s important to learn all you can about the neighborhood you plan to call home. 

This neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone at nearly 64 percent. 

Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. The Saint Andrew St/Magazine St (Garden District) neighborhood is a fantastic option for bicycle commuters, as nearly nine percent of commuters here do ride their bikes to and from work on a daily basis. 

Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don’t realize is that the Saint Andrew St/Magazine St (Garden District) neighborhood is among the top American neighborhoods in terms of walk-ability.

Do you watch home improvement shows on TV? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Saint Andrew St/Magazine St (Garden District) neighborhood stands out on a national scale for the sheer concentration of historic residences it contains, with over 67 percent of the residential real estate here being built from 1939 or earlier, some much earlier! This is a greater concentration of historic homes than over 97 percent of the neighborhoods in the country.

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 Saint Andrew St/Magazine St (Garden District) neighborhood, a greater proportion of the residents living here today did not live here five years ago.

Your future neighbors in the Saint Andrew St/Magazine St (Garden District) neighborhood of New Orleans earn modest incomes, and this neighborhood has an income lower than over 61 percent of neighborhoods in America. 

In the Saint Andrew St/Magazine St (Garden District) neighborhood, nearly 47 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 39 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at 12 percent, and just over two percent in clerical, assistant, and tech support occupations.

Each neighborhood has its own culture derived primarily from the ancestry, and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture, some more unique than others, based on lifestyle, occupations, the types of households, and importantly, on the ethnicity and ancestry of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Saint Andrew St/Magazine St (Garden District) neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as Irish at over 13 percent. There are also a number of people of German ancestry at more than 10 percent, and residents who report English roots at around seven percent. Some of the residents are also of Dutch, French, Italian, or Scottish  ancestry at around over five percent each.

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 Saint Andrew St/Magazine St (Garden District) neighborhood is English, spoken by 88 percent of households, while nearly three percent speaks 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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70130 Garden District

70130 French Quarter Lower Garden District Race St Jackson Ave Rousseau St Common St 2nd St Polymnia St Terpsichore St Chestnut St Camp St Decatur St Bourbon St Clio St 2 1525 Clio St St Charles Ave Union St Clio St Orange St Melpomene St Thalia St Canal St WHITNEY BLDG Port of Orleans Pl Carondelet St 2nd St Annunciation St Annunciation St Camp St Carondelet St Carondelet St Coliseum St Constance St Euterpe St Jackson Ave Jackson Ave Jackson Ave Jackson Ave Magazine St Magazine St Margaret Pl Saint Andrew St Saint Andrew St Saint Mary St Philip St Washington Ave Washington Ave 536 Royal St St Charles Ave Constance St Chippewa St Chippewa St Notre Dame St Richard St 450 John Churchill Chase Prytania St 1805 coliseum st #1 402 Julia Street 812-814 Philip 539 Toulouse St. Tchoupitoulas St 333 julia st. #508 Wilkinson St Jackson Ave Saint James St Peters St Hastings Place # Peters St 3rd St 3rd St 2625 constance Wilkinson St St Charles Ave 1st St Washington Ave 1430 Jackson Avenue Harmony St Poydras St 448 Julia St. Conti St Annunciation St Thalia St Erato St Felicity St Prytania St Laurel St Gravier St 920 Poeyfarre St Royal St Felicity St Lafayette St Philip Diamond St Jackson Ave 610 John Churchill Chase St. Charles Ave Religious St Saint Louis St Exchange Pl Saint Andrew St Philip St Commerce St Jackson Ave 920 Poeyfarre Street Chartres St 920 Poeyfarre St. 1805 Coliseum St. #1 Melpomene St Saint Mary St 1st St Josephine St Chippewa St Laurel St Chippewa St Julia St St Charles Ave 515 226 Decatur Natchez St 516 Conti St 1631-33 Saint Charles Ave Hastings Pl Girod St Magazine St For Sale Bienville St Julia St River Rd Fourth St Carondelet St Commerce St Euterpe St Urania St 1st St Saint Charles Ave Phillip St Sophie Wright Pl 448 Julia Street Celeste St St. Mary 2619 st Thomas street Soraparu St Iberville St John Churchill Chase St 334 Carondelet Street 1818 Carondelet St 2527 Rousseau St Carondelet St -Robert C Blakes Sr Dr Coliseum St 1817 1821 Magazine St Annunciation St Diamond St Saint Joseph StPort  of New Orleans Pl Poeyfarre St Saint Thomas St 425 Notre Dame St 600 Port of New Orleans Place Toulouse St Magazine St Peters St 4th St

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