The Home Buyer's Korner

Information presented should be used for educational purposes only.

July 13th, 2016

Guy looking up in color

GREATER NEW ORLEANS, LOUISIANA

Fairgrounds

Trafalgar St/N Lopez St 70119 Neighborhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

Derby Pl New Orleans LA 70119

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The median real estate price in the Trafalgar St/N Lopez St (Fairgrounds Desaix Area) neighborhood of New Orleans, Louisiana is $171,900, which is more expensive than over 71 percent of the neighborhoods in the state and more than 49 percent of the neighborhoods in the country.

The average rental price in the Trafalgar St/N Lopez St (Fairgrounds Desaix Area) neighborhood is currently $1,550 a month, and the average rental cost in this neighborhood is higher than nearly 97 percent of the neighborhoods in the state. Most of the residential real estate is occupied by a mixture of owners and renters.

Trafalgar St/N Lopez St (Fairgrounds – Desaix Area) area 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 single family homes, and other multi-family housing options like condominiums, town homes, duplexes, and apartments.  Many of the residences in the Trafalgar St/N Lopez St (Fairgrounds – Desaix Area) neighborhood are older, well-established, built between 1940 and 1969, while a number of residences were built between 1970 and 1999.

Home and apartment vacancy rates are under 10 percent in the Trafalgar St/N Lopez St (Fairgrounds – Desaix Area) neighborhood and this rate is lower than 50 percent of the neighborhoods in the nation, or near the mid range of vacancies. To learn more about this neighborhood’s vacancy rate and its effects 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 Trafalgar St/N Lopez St (Fairgrounds – Desaix Area) neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With nearly half of the households made up of people living alone, it’s a larger proportion of people living alone than in nearly 97 percent of the neighborhoods in the country.

For many reasons, the Trafalgar St/N Lopez St (Fairgrounds – Desaix Area) neighborhood is and ideal neighborhoods for first-time home buyers in New Orleans. Homes here are priced below median housing values in the state, yet the neighborhood has a track record of home appreciation rates above average over the last five years compared to other neighborhoods statewide. Not only does this neighborhood stand out for combining price and home value stability or increases, it also is a neighborhood with a high quality residential population, meaning this is likely a good place to buy, live, and enjoy. While many first time home buyers focus purely on low cost and convenient location, which can risk your investment in your first home and put you in a less than desirable neighborhood, this neighborhood is a true standout for a lot of reasons, and definitely worth a look if you are a first time home buyer.

Your future neighbors in the Trafalgar St/N Lopez St (Fairgrounds – Desaix Area) neighborhood of New Orleans earn modest to middle class incomes, this neighborhood has an income lower than almost 65 percent all neighborhoods nationwide. 

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Trafalgar St/N Lopez St (Fairgrounds – Desaix Area) neighborhood, 45 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 over 31 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at nearly 14 percent, and just over 10 percent in clerical, assistant, and tech support occupations.

Culture is the shared learning behavior of peoples. Undeniably, different ethnicity and ancestry have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or other ethnicity or ancestry will express those cultures. 

In the Trafalgar St/N Lopez St (Fairgrounds – Desaix Area) neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as French or Jamaican at over seven percent. There are also a number of people of Italian roots at nearly six percent. Some of the residents are also of Irish ancestry at almost four percent, along with some German ancestry residents at well over 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 Trafalgar St/N Lopez St (Fairgrounds – Desaix Area) neighborhood is English, spoken by nearly 92 percent of households, while nearly two percent speaks Japanese 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

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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70119 Fairgrounds Desaix Area

70119 Farigrounds Mid City Bayou St John Lafitte St St. Philip St Esplanade Ave Stewart Ct Solomon St Industry St Elaine Pl Olympia St Rendon St Kerlerec St Romulus St Fortin St Crete St Wilshire St Lapeyrouse St Saint John Ct Canal St Portage Pl Governor Nicholls St 2737 St Peter Street 2201 Dumaine Gentilly Blvd Cortez St Broad St 2931 ponce de 603 N. Alexander St. Gravier St Cleveland Avenue # Gravier St Gravier St Cleveland Ave Dhemecourt St Harding Dr Iberville St  Julia St Saint Louis St Paris Ave Frenchmen St Jeff Davis Pkwy 2420 St Philip Street Saint Louis St Moss St Wilson Dr 3105 Toulouse 2726-28 St Phillip St Pauger St Perdido St Hennessey St Laharpe St Rendon St Duels St 2430-32 Barracks Street Hathaway Pl George Nick Connor St Bernadotte St Olympia St Mystery St 4841 Bienville St. 523 S. Hennessey St. 4131-33 Ulloa Frey Pl Bell St Tonti St Derby Pl Paul Morphy St George Nick Connor Dr Bruxelles St 4811-13 Bienville St. 624 N. Salcedo St. Broad St 4020 D’Hemecourt St. Maurepas St Roosevelt Pl Galvez St Rocheblave St Salcedo Street # First Floor Bayou Rd 2851 Grand Rte. St. John Havana St St Bernard Ave Gravier St Chalfant Pl Conti St Saint Peter St Delgado Dr Gayoso St 3225-27 Dumaine St. Saint Philip St Abundance St 231 N. Clark St. Dorgenois St Genois St Esplanade Ave Desaix Blvd Galvez St Dorgenois St Palmyra Cleveland Ave Cleveland Ave Desoto St Desoto St Fortin St Fortin St Saint Ann St Saint Philip St Fortin St Cortez St Rosiere St Clark St Rocheblave St 2744 St. Philip Street David St Dabadie St Orchid St Roger Williams St 2730 Ursulines St Dumaine St Trafalgar St Palmyra St 3219 St. Ann St. Dupre St Solomon Pl Beinville St Lopez St 4225-27 Toulouse St. Verna Ct Banks St White St Annette St Carrollton Ave Bienville St Hope St Pierce St Bellechasse St 238 S. Cortez 1857 deuls st Oreilly St Saint Patrick St Salcedo St Gravier St Republic St Canal St Broad St Yupon St Hagan Ave Baudin St Bungalow Ct Barracks St Telemachus St Desoto St Onzaga St White St Alexander St 1034-36 Crete St. 509-11 S. Pierce St. Murat St Grand Route Saint John Street # C 236 N Carrollton Ave Bradish Pl Jefferson Davis Pkwy Galvez St Miro St 932 Solomon Place Telemachus St Palmyra St Saint Patrick St Passera Ct Salcedo St St. Ann St Lincoln Ct Cleveland Ave A P Tureaud Ave JANE ALY 434 S. Scott St. Grnd Rte St John St Castiglione St Pierce St Tulane Ave Gayoso St Lepage St Jane Pl Cortez St Esplanade Avenue # Main Floor Scott St Castine St Vignaud St Genois St Gravier St Galvez St Gov Nicholls St Tonti St Gentilly Blvd Alexander Iberville St Anthony St Winthrop Pl St Philip Bienville St Orleans Ave Saint Peter St Olga St Gravier St Dorgenois St Tonti St D’Hemecourt St Sherwood Forest Dr Ulloa St 326 N Olympia St 500 S Jefferson Davis Pkwy Allard Blvd 421 s olympia Saint Ann St Dorgenois St Columbus St Murat St Picheloup Pl Saint Anthony St Ida St Parkview Pl Dupre St Bernadotte St Olga Ave Saint Bernard Ave Helena St 2714 Republic St Sauvage St Agriculture St Soloman St Saltus St Toulouse Dorgenois St Nrochebl Ave Jefferson Davis Pkwy Grand Rte Saint John St Galvez St Esplanade Ave Esplanade Ave Roosevelt Hennessey St Rousselin Dr 2931ponce A/B Ulloa St Aubry St Gravier St Tulane Ave Palmyra St Leda Ct Alden Pl 216-18 N. Bernadotte St. Gravier St Bienville Ave Flowerdale Ct Bell St Ulloa St Murat St For Rent Bruxelles St Saint Ann St For Rent New Orleans St Dorgenois St Toulouse St Carrollton Ave Serantine St Seratine St City Park Ave Gibson St Touro St Ponce De Leon St Law St St. Phillip St Taft Pl Belfort Ave Hennessey Olga Solomon St Annette St For Rent Treasure St Ursulines Ave Florida Ave Miro St Scott St Lopez St Allen St Clark St Alexander St

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