Planning to buy a home in NOLA?
Planning to buy a home in New Orleans? While the area is known for its affordability, there are many different neighborhood and home type options, so it is always important to make sure you know how much you can afford first!
Planning to Buy A home In Nola, New Orleans Neighborhoods are Like None Other in the World!
- The French Quarter – consists of condos and single family homes, it’s a National Historic District and of course, as most people know has hotels, inns & bed and breakfasts. There are world renowned restaurants, bars & nightclubs with famous and local live music. It is a wonderfully walk-able neighborhood, with courtyards & balconies that accompany the neighborhoods’ historic and romantic flair.
- The Garden District – has it’s famous mansions, shotguns, doubles and raised cottages, and is an eclectic walk-able neighborhood with lots of local boutiques, antique shopping, bars and restaurants.
- Broadmoor – is home diverse 1930s and 1940s architecture with townhouses, bungalows, craftsman cottages and this neighborhood is centrally located minutes from downtown medical district, as well as being a designated a neighborhood improvement district.
- Marigny and Bywater – is an artsy and eclectic neighborhood with bars and live music, restaurants and shops as well as traditional NOLA architecture with wonderful shotguns, cottages and doubles and is the home of New Orleans Center for Creative Arts.
- Other Great Neighborhoods Include – Mid City / City Park, Lakeview, Lakefront/West End, Audubon Park/University, Gentilly, Irish Channel, Treme and The Warehouse District. (more info here)
Planning to Buy A Home In Nola, Compare Neighborhood Prices & Features
“For the past month, our friends at NeighborhoodX have evaluated home prices in New Orleans. This time around, the analytics and research firm is taking a global look at fifteen neighborhoods in the city.
According to Neighborhood X, the price-per-square foot ranges from as low as $46 and as high as $980 per square feet in New Orleans. The low end is representative of the Lower 9th Ward, while the higher end is visible in the French Quarter.
“We used price per square foot as a metric to compare neighborhoods because it allowed a meaningful comparison between different areas,” said Constantine Valhouli, co-founder of NeighborhoodX.
“Median selling price is a more common metric, but it doesn’t take into comparison the different types of properties in different areas. It might offer skewed results because one neighborhood has smaller properties compared to another one,” he added.
The French Quarter comes in with the highest cost per square foot average at $563, followed by the the Garden District ($332), Touro ($331) and Marigny ($322). On the lower end of the spectrum is the Lower Ninth Ward ($51), 7th Ward ($121), Gentilly ($126), and Mid-City ($181).” (source)
Planning to buy a home in Nola, You Might Want to Consider an Up & Coming Neighborhood
New Orleans has plenty to offer in its diverse neighborhoods and for those looking to relocate to New Orleans on a budget, there are many family- and community-oriented neighborhoods dotting the landscape of the Crescent City.
We recommend you come check out all the Big Easy has to offer to homeowners!(more info)
Here are 5 Up-and-Coming Neighborhoods to Buy Into While Prices Are Still Low
So now that you have explored the prices and features of the various New Orleans neighborhoods and you have done your research to establish a concrete budget, you’ll be better able to:
- Find a home that won’t break the bank and eliminate wasted time looking at homes that don’t fit your budget.
- Nail down what size, location and type of home you’re interested in.
- Schedule some viewings with Realty Group NOLA once you get a top picks list put together.
- Get into that dream home faster than ever so you can start planning that house party!
At Realty Group NOLA, we offer the service to help you determine how much you can spend. Contact us today!
At Realty Group NOLA, we’re experts on all of the neighborhoods in New Orleans.
Give us a call 504-312-9768 today and we’ll help you search for new homes in New Orleans and to find out which neighborhood is a perfect fit for you!
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