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 Lafayette

Saint Charles/Clio St 70113 & 70130 Neighborhood

The Home Buyer’s Korner

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The median real estate price in the Faubourg Lafayette neighborhood of New Orleans, Louisiana is $257,475, which is more expensive than 90 percent of the neighborhoods in the state and 67 percent of the neighborhoods in the country.

The average rental price in Faubourg Lafayette neighborhood is currently $1,200 a month, and the average rental cost in this neighborhood is higher than 84 percent of the neighborhoods in Louisiana. Most of the residential real estate is renter occupied.

Faubourg Lafayette is an urban neighborhood located in New Orleans, Louisiana, and 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. In addition, the real estate in the Faubourg Lafayette  neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of multi-family housing options 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, over 71 percent of the real estate here is classified as such, which is more than is found in 96 percent of American neighborhoods.  

Many of the residences in the Faubourg Lafayette neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier, with a number of residences built between 1970 and 1999.

Vacant homes or apartments are a fact of life in the Faubourg Lafayette neighborhood, and the current real estate vacancy rate here is over 24, and higher than the rate of vacancies in over 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 its effect 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. 

One of the most interesting things about the Faubourg Lafayette neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With over 50 percent of the households made up of people living alone, this is a larger proportion of people living alone than in 97 percent of the neighborhoods in the country.

Also, with a nice mix of college students, and decent walkability, and certain amenities and services geared toward college students, from undergraduates to graduate students, the Faubourg Lafayette neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider.

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With well over nine percent of residents in the Faubourg Lafayette neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than almost any neighborhoods in the country.

Do you watch ‘This Old House’ on Public Television? 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 Charles Ave/Clio St (Faubourg Lafayette) neighborhood stands out on a national scale for the sheer concentration of historic residences it contains, with over 63 percent of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than over 96 percent of the neighborhoods in the country.

Your future neighbors in the Faubourg Lafayette neighborhood of New Orleans earn modest incomes, and this neighborhood has an income lower than 86 percent of  all neighborhoods in the country. 

In the Faubourg Lafayette neighborhood, nearly 44 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 manufacturing and laborer occupations at almost 21 percent, and 12 percent in government jobs, whether they are in local, state, or federal positions.

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 Lafayette neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African at nearly 11 percent. There are also a number of people of African ancestry over eight percent, and residents who report German or Irish roots almost six percent. Some of the residents are also of French ancestry at slightly over five percent, while nearly two percent of this neighborhood’s residents have Brazilian ancestry. In addition, nearly 14 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 Lafayette neighborhood is English, spoken by 80 percent of households, while nearly two percent of its residents primarily speak Portuguese at home. Other important languages spoken here include Spanish and African languages.

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70113 & 70130 Faubourg Lafayette 

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

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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