Real Estate Prices and Overview
Gajan / Morbihan median real estate prices are $165,364, which is more expensive than 77.1% of the neighborhoods
in Louisiana and 51.6% of the
neighborhoods in the U.S.
Average rental prices in Gajan / Morbihan are currently
$1,048, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 85.7%
of the neighborhoods in Louisiana.
Gajan / Morbihan is a suburban neighborhood (based on population
density) located in New Iberia, Louisiana.
Gajan / Morbihan real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes.
Most of the residential real estate is owner occupied. Many of
the residences in the Gajan / Morbihan neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Gajan / Morbihan, the current vacancy rate is 3.3%,
which is a lower rate of vacancies than 86.0% of all neighborhoods
in the U.S. This means that the housing supply in Gajan / Morbihan
is very tight compared to the demand for property here.
Notable & Unique Neighborhood Characteristics
Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in New Iberia,
the Gajan / Morbihan neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Gajan / Morbihan neighborhood has more
French and French Canadian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 20.5% of
this neighborhood's residents have French ancestry and 7.4% have French Canadian ancestry.
Gajan / Morbihan is also pretty special linguistically. Significantly, 8.0% of its residents five years old and above primarily
speak French at home. While this may seem like a small percentage, it is higher
than 99.7% of the neighborhoods in America.
Notable & Unique: People
If you are an executive or professional seeking a neighborhood affording
an executive lifestyle, or just wanting to find where other executives
live in the area, the Gajan / Morbihan neighborhood should be
on your list. It has an enviable mix of spacious homes, relatively stable
real estate values, and residents that include a number of wealthy
executives, managers, and professionals. NeighborhoodScout's exclusive
analysis places it as one of the top 13.8% executive lifestyle
neighborhoods in the state of Louisiana.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this neighborhood.
The neighbors in the Gajan / Morbihan neighborhood in New Iberia are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 81.0% of the neighborhoods in America.
In addition, 15.4% of the children seventeen and under
living in this neighborhood are living below the federal poverty line, which
is a lower rate of childhood poverty than is found in 50.5%
of America's neighborhoods.
The Neighbors: Occupations
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the Gajan / Morbihan neighborhood, 45.2%
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 21.2% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(19.8%), and 13.8% in clerical, assistant, and tech support occupations.
The Neighbors: Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents,
our houses of worship, and much of our culture – our learned behavior - comes
from our ancestors. That is why ancestry and ethnicity can be so interesting
and important to understand: places with concentrations of people of one or
more ancestries often express those shared learned behaviors and this gives
each neighborhood its own culture. Even different neighborhoods in the same
city can have drastically different cultures.
In the Gajan / Morbihan neighborhood in New Iberia, LA, residents
most commonly identify their ethnicity or ancestry as French
(20.5%). There are also a number of people of French Canadian ancestry (7.4%) , and residents who report Italian roots (3.2%) , and some of the residents are also of German ancestry (2.8%) , along with some English ancestry residents (2.2%), among others.
The Neighbors: Languages
The most common language spoken in the Gajan / Morbihan
neighborhood is English, spoken by 88.9% of households. Some people also speak French (8.0%).
Getting to Work
How you get to work – car, bus, train or other means – and how much of your
day it takes to do so is a large quality of life and financial issue. Especially
with gasoline prices rising and expected to continue doing so, the length and
means of one's commute can be a financial burden. Some neighborhoods are physically
located so that many residents have to drive in their own car, others are set
up so many walk to work, or can take a train, bus, or bike.
The greatest number of commuters in Gajan / Morbihan neighborhood spend
under 15 minutes commuting one-way to work (44.5% of working
residents), one of the shortest commutes across America.
Here most residents (91.9%) drive alone in a private automobile to get to work.
In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (6.2%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.