The Home Buyer's Korner

Information presented should be used for educational purposes only.

June 14th, 2016

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GREATER NEW ORLEANS, LOUISIANA

East New Orleans 70129

Willowbrook Dr/Michoud Blvd Neighborhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

St Helena Place New Orleans LA 70129

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The median real estate price in the Willowbrook Dr/Michoud Blvd neighborhood of New Orleans, Louisiana is $145,650, which is more expensive than nearly 56 percent of the neighborhoods in the state and over 39 percent of the neighborhoods in the country.

The average rental price in the Willowbrook Dr/Michoud Blvd neighborhood is currently slightly less than $750 a month, and rents here are currently lower in price than 73 percent of all the neighborhoods in Louisiana. Most of the residential real estate is occupied by a mixture of owners and renters.

The Willowbrook Dr/Michoud Blvd area is an urban neighborhood located in New Orleans, Louisiana, and real estate are primarily made up of medium sized three and four bedroom to large four, five or more bedroom single-family homes and other multi-family housing options like condominiums, town homes, duplexed, and apartments. Many of the residences in the Willowbrook Dr/Michoud Blvd neighborhood are established, but not old, having been built between 1970 and 1999, while a number of residences were also built between 2000 to present day.

This neighborhood has a vacancy rate in excess of 14 percent, which is well above average compared to other neighborhoods across the county. To understand the vacancy rate here 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 neighborhood you’re considering to call home.

One of the really interesting characteristics about the Willowbrook Dr/Michoud Blvd neighborhood is that it’s a great choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. 

With well over one percent of employed workers living in the Willowbrook Dr/Michoud Blvd neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than over 96 percent of all the neighborhoods in America, and a major shaper of the neighborhood’s culture and character.

Your future neighbors in the Willowbrook Dr/Michoud Blvd neighborhood in New Orleans are modest to middle class incomes, and this neighborhood has an income lower than 82 percent of all other neighborhoods nationwide. 

In the Willowbrook Dr/Michoud Blvd (Michoud) neighborhood, over 40 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 manufacturing and laborer occupations, with more than 28 percent of the residents employed. Other residents here are employed in executive, management, and professional occupations at nearly 19 percent, and almost 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 Willowbrook Dr/Michoud Blvd neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as Asian at 53 percent. There are also a number of people of Mexican ancestry at nearly four percent. Additionally, over 37 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 Willowbrook Dr/Michoud Blvd neighborhood is Vietnamese, spoken by over 49 percent of households, while other languages spoken here include English and 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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70129 Willowbrook

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