The Home Buyer's Korner

Information presented should be used for educational purposes only.

April 27th, 2016

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GREATER NEW ORLEANS, LOUISIANA

Faubourg Livaudais

Saint Charles Ave/Felicity St 70113 Neighborhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

Brainard Street New Orleans LA 70113

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The median real estate price in the Saint Charles Ave/Felicity St (Faubourg Livaudais) neighborhood of New Orleans, Louisiana  is $226,050, which is more expensive than nearly 86 of the neighborhoods in the state and 61 percent of the neighborhoods in the country.

The average rental price in the Saint Charles Ave/Felicity St (Faubourg Livaudais) neighborhood is slightly higher than $1,100 a month, and the average rental cost in this neighborhood is higher than over three-quarters of the neighborhoods in Louisiana. 

Most of the residential real estate is renter occupied. In addition, 90 percent of the real estate in the Saint Charles Ave/Felicity St (Faubourg Livaudais) neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Saint Charles Ave/Felicity St (Faubourg Livaudais) 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 housing options like condominiums, town homes, duplexes, and apartments. Many of the residences in the Saint Charles Ave/Felicity St (Faubourg Livaudais) 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.

A high vacancy rate is a fact of life in the Saint Charles Ave/Felicity St (Faubourg Livaudais) neighborhood. The current real estate vacancy rate here is over 24 percent. This rate is higher than the rate of vacancies in over 90 percent of all other neighborhoods in the country. One of the contributing factors could be the high amount of college students residing in the area, who don’t occupy many of the residents between semesters. To learn more about this neighborhoods vacancy rate and how it affects 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 setting. Some places look the same, but they only reveal their true character after living in them for a while, and why it’s important to learn all you can about the neighborhood you plan to call home.

One of the most interesting things about the Saint Charles Ave/Felicity St (Faubourg Livaudais) neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America, with over 51 percent of residents with this status. 

An interesting characteristic about the Saint Charles Ave/Felicity St (Faubourg Livaudais) neighborhood is that, it is an excellent choice for college students. Due to its popularity among college students who already choose to live here, its walk-ability, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you’ll notice that the excitement here fluctuates with the college seasons. 

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 Charles Ave/Felicity St (Faubourg Livaudais) neighborhood is a fantastic option for bicycle commuters, with nearly four percent of commuters here do ride their bikes to and from work on a daily basis.

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 Charles Ave/Felicity St (Faubourg Livaudais) neighborhood, a greater proportion of the residents living here today did not live here five years ago. This neighborhood, more than almost any other in America, has new residents from other areas.

Your future neighbors in the Saint Charles Ave/Felicity St (Faubourg Livaudais) neighborhood in New Orleans earn modest incomes, and this neighborhood has an income lower than over 82 percent of all neighborhoods in America. 

In the Saint Charles Ave/Felicity St (Faubourg Livaudais) neighborhood, over 41 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 more than 32 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at over 16 percent, and more than 10 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 Charles Ave/Felicity St (Faubourg Livaudais) neighborhood in New Orleans, LA, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African at over 13 percent. There are also a number of people of African ancestry at more than 12 percent, and residents who report English roots at over four percent. Some of the residents are also of Asian or German ancestry at around three percent, 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 Saint Charles Ave/Felicity St (Faubourg Livaudais) neighborhood is English, spoken by over 83 percent of households. Other important languages spoken here include French, Spanish, and Chinese.

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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

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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 Livaudais

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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