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5 Fastest Growing Neighborhoods in New Orleans

Marigny home | New Orleans LA

We all know that New Orleans has been growing at a rapid pace over the last several years. Recovery, restoration and folks reinvesting in the city have led some neighborhoods to a boom.

What NOLA neighborhoods have seen the biggest increase in real estate prices?

Gentilly

With a 50% increase in average sale prices from 2011 to 2014, Gentilly is making a comeback. Not only have prices risen, but the number of homes sold each year has almost doubled in the last 3 years. Find Gentilly homes for sale

Central City

Working hard to overcome a history of blight and abandonment, Central City real estate has become the neighborhood of choice for many investors. The number of sales has increased just 3.85%, but prices have skyrocketed by 97%. Find Central City real estate for sale

Broadmoor

Thanks in part to the hard work of the Broadmoor Improvement Association, the neighborhood has been making leaps and bounds in its comeback. Sales are up by almost 62% and average sold prices have jumped 83% between 2011 and 2014. Broadmoor homes for sale

Marigny/Bywater Above St Claude

While the sections of the Marigny and Bywater below St. Claude are the media darlings for gentrification, real estate above St. Claude is being scooped up by investors and rehabbing home owners. Sales have increased 32.7% and price are up 116.4% over the last 3 years. Real Estate Above St Claude

Holy Cross/Lower 9th Ward

Revitalization is creeping from the Bywater and Upper 9th Ward into the Lower 9. Although prices have increased by 102.5% over the last 3 years, it still remains one of the most affordable areas in New Orleans, especially for those willing to put some sweat equity into returning a property to commerce. Holy Cross and Lower 9th Ward Real Estate

 

Considering a move? Crescent City Living makes finding the right neighborhood in New Orleans simple. With thousands of property listings, we are ready to assist you in making the Crescent City your favorite place to call home. Contact us to get started today.

 

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