The Home Buyer's Korner

Information presented should be used for educational purposes only.

June 13th, 2016

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GREATER NEW ORLEANS, LOUISIANA

South Point 70129 Neighborhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

Founders Ct New Orleans LA 70129

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The average real estate price in the South Point (Michoud Blvd – Maple Ridge/Willowbrook Dr – Oak Island) neighborhood of New Orleans, Louisiana is $158,950, which is more expensive than nearly 64 percent of the neighborhoods in the state and almost 45 percent of all the neighborhoods in the country.

The average rental price in the South Point neighborhood is slightly more than $900 a month, and rents here are currently lower in price than over 47 of all the neighborhoods in Louisiana. Most of the residential real estate is owner occupied.

South Point is a rural neighborhood located in New Orleans, Louisiana, and real estate is primarily made up of medium sized three or four bedroom to large (four, five or more bedroom single-family homes and manufactured and modular homes. This South Point neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the country with over 97 percent of homes here made up of freestanding single-family homes.

Many of the residences in the South Point neighborhood are established, but not old, having been built between 1970 and 1999, while a number of residences were built between 2000 to present day. Most neighborhoods are composed of a mixture of ages of homes, but the South Point neighborhood stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999. What you’ll sense when you look around or drive the streets of this neighborhood is that many of the residences are of the same architecture and similar in age. In fact, nearly 88 percent of the residential real estate here was built in this one time period.

Vacant apartments or homes are a fact of life in the South Point neighborhood, and the current real estate vacancy rate here is just over 24 percent. To understand this neighborhood’s vacancy rate and its effects on 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 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 place you plan to call home before signing a contract. 

Uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just under 44 residents per square mile, South Point is less crowded than over 90 percent of all neighborhoods in America.

If you’re looking for a great spot to raise a family, then look no further than the South Point neighborhood. With its combination of good quality public schools, above-average safety from crime, and a high rate of home ownership in predominantly single-family homes, help make this neighborhood among at top-notch family-friendly neighborhoods in the state. Addition, there are a high proportion of other families with school-aged children living here, making it easy for parents and their children to socialize and develop a sense of community support. Families here highly value education, as is reflected by the strength of the local schools, in part due to the educational attainment of the parents living in this neighborhood, who vote in support of their public schools. 

Your future neighbors in the South Point neighborhood of New Orleans earn modest to middle class incomes, and this neighborhood has an income lower than 62 percent of all the neighborhoods in America. 

The types of occupations your neighbors have, shape their character and together as a group, their collective occupations shape the culture of a place.

In the South Point neighborhood, nearly 40 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 almost 27 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at 18 percent, and more than 15 percent in clerical, assistant, and tech support occupations.

Each 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 South Point neighborhood in New Orleans, LA, residents most commonly identify their ethnicity or ancestry as Jamaican at over five percent. There are also a number of people of English ancestry at more than two percent, and residents who report German roots at just under two percent.

The most common language spoken in the South Point neighborhood is English, spoken by 99 percent of households. 

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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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70129 Michoud Blvd – Maple Ridge/Willowbrook Dr – Oak Island – South Point 

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