Homes for Sale in New Orleans, LA: What You Need to Know
New Orleans is a city filled with traditions and history known for many things, including their food, drinks, jazz music, and of course, Mardi Gras. Mardi Gras, which begins January 6th and ends on Fat Tuesday (the day before Ash Wednesday), includes more than 80 different parades in and around NOLA.
The city is considered the birthplace of jazz music and has an annual Jazz Fest that hoss more than 450,000 people. Legend has it that New Orleans also invented the cocktail, and residents enjoy a relaxed open container law that allows you to order a drink to go in a plastic cup and stroll the city. It’s become a world-famous food town as well. Before Hurricane Katrina in 2005, there were approximately 800 restaurants in the area, and since they’ve added 1,400.
New Orleans Real Estate: Housing Availability
New Orleans is an old city that recently celebrated its 300th anniversary. Therefore, you have an area filled with tons of old, charming homes. Some of the most historic homes in the city include the following:
Creole Cottages are historic homes in New Orleans distinguished by their roofline that slopes to the front and back. You will often find it sitting at the very forefront of the property line.
Shotguns and Double Shotguns are fairly common one-room wide long homes. Shotguns usually have two bedrooms and one bathroom with the kitchen and bath in the back. Double Shotguns are two-family duplexes that often get renovated into single-family homes. If you have a Shotgun with a second floor in the back, it’s referred to as a camelback.
Double-Gallery homes are two stories that sit further back on a deep lot. They will often have covered galleries (also known as porches) on the first and second floors, and a garden in the front.
Other properties you can find in New Orleans include center-hall houses (similar to Creole Cottages, but with a gabled roof), townhouses, and bungalows. From 2014-2018, the U.S. Census Bureau found that 47.4% of people lived in owner-occupied homes with an average cost of $219,600. The median gross rent during that span was $973.
New Orleans is a city that spans about 350 square miles and has 13 districts that contain 72 different neighborhoods within. Some of the safest and most affordable areas in the city include the following:
The Central Business District (CBD) is located across from the French Quarter. It features a ton of high-rise apartments and condos that offer amenities like gyms, pools, and parking garages. The area boasts a lot of new bars, fine dining, and shopping options, yet rent is still affordable for being in the heart of the city. It’s also walking distance to the Mercedes-Benz Superdome.
Freret Corridor barely existed just ten years ago, yet it’s now filled with cafes, bars, music venues, and boutiques within walking distance. Buyers can find they restored shotgun-style homes here, and renters can find apartments for much cheaper than in nearby Carrollton. It’s also close to Tulane University and Loyola University.
Gentilly Terrace is the perfect place for families that want a suburban-feel. The area was hit hard by Hurricane Katrina in 2005, but it is now filled with affordable prices on newly-constructed and renovated homes. It’s central to just about everything, minutes from downtown, and has convenient access to I-10 and 610.
Getting Around New Orleans
Although Louisiana ranks as the second-most expensive state for car insurance, it’s important to note that New Orleans is a city that doesn’t require a car to get around. It’s known for having cheap public transportation, as it’s just $1.25 to ride the New Orleans Regional Transit Authority buses and streetcars all over the New Orleans region.
Biking has also become a popular option. A decade ago, the city only had 11 miles of bike lanes and now has more than 100, as American Community Survey found that New Orleans has become the 10th highest percentage of people cycling to work each day. Bike shares, as well as car shares, have become available as well for easy transportation.
Things to Do Around New Orleans
There is so much to do and see in New Orleans, but many would say heading to the French Quarter neighborhood is a must. It’s home to the famed Bourbon Street and has some of the city’s best restaurants and nightlife. Make sure to stop at Café Beignet while you’re there for one of their famous handmade beignets, or check out the New Orleans Historic Voodoo Museum.
The New Orleans City Park, which is 1,300 acres and has tons of attractions, including the New Orleans Botanical Garden and the New Orleans Museum of Art and Sculpture Garden. And if you’re a sports fan, you can visit the Mercedes-Benz Superdome to watch the New Orleans Saints play football or head to the Smoothie King Center to catch a New Orleans Pelicans NBA game.