New Orleans, LA Rent To Own Homes

Rent-to-Own Homes in New Orleans, LA: What You Need to Know 

New Orleans is a city brimming with culture. The houses here are full of character with their historic beauty. It is impossible to not fall in love with the local cuisine or music. The weather is perfect for those who adore the sun and the bike-friendly attitude encourages more time breathing in the fresh air. 

New Orleans Real Estate: Housing Availability 

Part of the New Orleans charm is the housing; historic and whimsical. Most homes were built prior to the 20th century. The median home price listed is $345,000 and the median sale price is $227,600. The average rent per month is $1,192 for an 886 square foot apartment. One-bedrooms cost $1,326 per month whereas two-bedrooms average at around $1,750. New Orleans residents are more inclined to rent their homes, with 52% of households being renter-occupied.

The City’s Vibrant Culture 

New Orleans is a city of vibrant culture. The food and drink here is world-renowned; legend has it that cocktails were invented here. In years since Hurricane Katrina, roughly 1,4000 restaurants have been established. If looking for a New Orleans classic, get gumbo or crawfish etouffee; these dishes will never taste as good as they do when prepared by a resident!

Jazz music was invented in New Orleans and continues to shape the landscape here. The music scene is all-consuming and has earned the city the title of, “Music Mecca.” Whether walking down the street or seeking out a jazz club, you will hear the smooth music emanating through the city. 

New Orleans’ Weather and Climate

New Orleans’ climate is subtropical. The summers, for a non-Southern native, can be overwhelmingly hot. The summer can also seem long, lasting from June through September. Temperatures tend to peak at 92°F. Winters are shorter and cooler, and often windy. The temperature rarely dips below 47°F. 

Getting Around New Orleans 

New Orleans is a walkable city. The neighborhoods are tightly woven together and feature all sorts of amenities so everything you need is within a few blocks of your home. Because New Orleans is in a river delta, everything is flat. This has created a cyclist-friendly community. Many residents commute on bikes rather than in cars. 

Know Your Neighborhoods 

Every New Orleans neighborhood has a unique personality, picking the one that best compliments you is crucial. 

One of the best neighborhoods in all of Louisiana is Lake Terrace & Oaks. The 2,000 residents, mainly composed of young professionals and retirees, enjoy a dense suburban environment. The median home value is $377,991 and the majority of residents own their homes.

Marlyville–Fontainbleau is home to nearly 6,000. The residents here are mostly young professionals and enjoy a dense suburban vibe. The median home value is $392,565 and just over half the residents own their homes. The median rent is $1,350. 

Downtown is popular among young professionals. Nearly 3,000 residents live in an urban setting with all the amenities that come with living in the city. The median home value is $469,201. The median rent is $1,137 and the majority of residents rent their homes.