The Home Buyer's Korner

Information presented should be used for educational purposes only.

June 12th, 2016

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GREATER NEW ORLEANS, LOUISIANA

Algiers

Woodland Hwy/Tullis Dr 70131 Neighborhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

Tullis Dr New Orleans LA 70131

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The median real estate price in the Woodland Hwy/Tullis Dr (Algiers – Tall Timbers – Brechtel – Woodland Heights) neighborhood of New Orleans, Louisiana is $210,250, which is more expensive than over 82 percent of the neighborhoods in the state and nearly 60 percent of all the neighborhoods in the country.

The average rental price in the Woodland Hwy/Tullis Dr (Algiers – Tall Timbers – Brechtel – Woodland Heights) neighborhood  is currently slightly more than $1,000 a month, and the average rental cost in this neighborhood is higher than over 67 percent of the neighborhoods in Louisiana. Renter-occupied real estate is dominant in the Woodland Hwy/Tullis Dr (Algiers – Tall Timbers – Brechtel – Woodland Heights) neighborhood and the percentage of rental real estate here, is more than 88 percent of all the housing units here.

Woodland Hwy/Tullis Dr (Algiers – Tall Timbers – Brechtel – Woodland Heights) is an 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, as well as single-family homes.  

The real estate in the Woodland Hwy/Tullis Dr (Algiers – Tall Timbers – Brechtel – Woodland Heights) neighborhood really stands out in the way it looks for a unique reason. This neighborhood has a higher proportion of apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but in this neighborhood over 74 percent of the real estate here is classified as multi-family.

Many of the residences in the Woodland Hwy/Tullis Dr (Algiers – Tall Timbers – Brechtel – Woodland Heights) 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. Also of note, most neighborhoods are composed of a mixture of ages of homes, but the Woodland Hwy/Tullis Dr (Algiers) 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, over 80 percent of the residential real estate here was built in this one time period.

Vacant homes and apartments are a fact of life in the Woodland Hwy/Tullis Dr (Algiers – Tall Timbers – Brechtel – Woodland Heights) neighborhood, and the current real estate vacancy rate here is nearly 19 percent. To understand this neighborhoods 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.

This neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone, with over 54 percent of its residents having this housing status. 

The Woodland Hwy/Tullis Dr (Algiers – Tall Timbers – Brechtel – Woodland Heights) neighborhood stands out within Louisiana for its college student friendly environment. This neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. While it’s not an environment for everyone, ambitious scholars can enjoy the seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating.  

Your future neighbors in the Woodland Hwy/Tullis Dr (Algiers – Tall Timbers – Brechtel – Woodland Heights) neighborhood in New Orleans earn modest incomes, and this neighborhood has an income lower than 86 percent of all neighborhoods in America.  

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 Woodland Hwy/Tullis Dr (Algiers – Tall Timbers – Brechtel – Woodland Heights) neighborhood, over 31 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 24 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at more than 23 percent, and 21 percent in clerical, assistant, and tech support occupations.

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 Woodland Hwy/Tullis Dr (Algiers – Tall Timbers – Brechtel – Woodland Heights) neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African at nearly 18 percent. There are also a number of people of Italian roots at well over three percent. Some of the residents are also of Irish or Russian ancestry at around two percent, among others.

The most common language spoken in the Woodland Hwy/Tullis Dr (Algiers – Tall Timbers – Brechtel – Woodland Heights) neighborhood is English, spoken by nearly 98 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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70131Algiers – Tall Timbers – Brechtel – Woodland Heights

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