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

Faubourg Delassize

Saint Charles Ave/2nd St 70113 Neighborhood

The Home Buyer’s Korner

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General Contractor G+

BUILDING THE DREAM OF HOME OWNERSHIP

Fourth Street New Orleans LA 70113

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The median real estate price in the Faubourg Delassize neighborhood of New Orleans, Louisiana is just under $190,750, which is more expensive than nearly 79 percent of the neighborhoods in the state and over 52 percent of the neighborhoods in the country.

The average rental price in the Faubourg Delassize neighborhood is currently a little over $1,000 a month, and the average rental cost in this neighborhood is higher than nearly two-thirds of all the neighborhoods in Louisiana. Most of the residential real estate is renter occupied

Faubourg Delassize is a densely populated urban neighborhood located in New Orleans, Louisiana, and real estate is primarily made up of small studios and two bedrooms to medium sized three or four bedroom multi-family housing options like condominiums, town homes, duplexes, and apartments. Many of the residences in the Faubourg Delassize (Saint Charles Ave/2nd St) 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 Faubourg Delassize neighborhood, and the current real estate vacancy rate here is nearly 24 percent, and higher than the rate of vacancies in nearly 90 percent of all neighborhoods in the country. One reason this neighborhoods vacancy rate could be higher than average could be attributed to many residents being college students, and many units are vacant between semesters. To learn more about this neighborhood vacancy rate and 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.

One of the interesting things about the Faubourg Delassize neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in the country, with over 55 percent of the households are made up of people living alone.

The Faubourg Delassize neighborhood stands out within Louisiana for its college student friendly environment. This neighborhood is home to a number of college students, is relatively walk-able. Because a number of college students live here, this neighborhood offers certain amenities nearby geared towards the student body. While it’s not an environment for everyone, ambitious scholars can enjoy the seasonal excitement between semesters and school breaks. 

In the Faubourg Delassize neighborhood, car pooling is still a popular way to get to and from work, and over a quarter of residents carpool. 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 Charles Ave/2nd St neighborhood is among the top American neighborhoods in terms of walk-ability.

Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into multi-family housing, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small two, three, and four 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 Faubourg Delassize 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 nation, as they make up a substantial portion of this neighborhood’s real estate stock. In fact, no less than 42 percent of the real estate here is made up of such dwellings.

Your future neighbors in the Faubourg Delassize neighborhood in New Orleans earn modest incomes, making it a below average income neighborhood, and lower than nearly 69 percent of all neighborhoods in America. 

In the Faubourg Delassize neighborhood, nearly 34 percent of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 33 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at nearly 24 percent, and over eight 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 Faubourg Delassize neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African at over 28 percent. There are also a number of people of African ancestry at nearly 28 percent, and residents who report English or Irish roots at under five percent. Some of the residents are also of German ancestry at under four percent, among others. In addition, nearly 24 percent of the residents of this neighborhood were born in another country.

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 Faubourg Delassize neighborhood is English, spoken by almost three-quarters of households, while over 14 percent of its residents primarily speaks French at home. 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

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FANNIE MAE HOMEPATH RENOVATIONS

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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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70113 Faubourg Delassize

70113 Central City North Street Josephine St Philip St Lafayette St Terpsichore St Danneel Street # Robertson St Lasalle St 2215 Felicity Street Baronne St Oretha C Haley Blvd Clara St Washington Ave Baronne St Euterpe St St. Andrew St 1st St 2725 Philp St 1st St Saint Andrew St Freret St Lafayette St Lafayette St ST CHARLES AVE Dryades St 712 Salcedo Julia St Danneel St Saratoga St Julia St 1737-39 First St. Simon Bolivar Ave Thalia St 2619 Danneel Street Jackson Ave Felicity St Liberty St Willow St Danneel 2125 Josephine St Okeefe Ave Martin Luther King Jr Blvd 2nd St Erato St Loyola Ave 3rd St Washington Brainard St Rampart St Girod St 4th St Magnolia St Saint Joseph St Clio St Robertson St

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