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Real Estate Prices & Overview

Lakeview median real estate price is $633,277, which is more expensive than 96.5% of the neighborhoods in Louisiana and 77.3% of the neighborhoods in the U.S.

The average rental price in Lakeview is currently $2,714, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.4% of the neighborhoods in Louisiana.

Lakeview is an urban neighborhood (based on population density) located in New Orleans, Louisiana.

Lakeview real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Lakeview neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 8.0% in Lakeview. NeighborhoodScout analysis shows that this rate is lower than 47.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Orleans, the Lakeview neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

A majority of the adults in the Lakeview neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Louisiana by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 99.6% of the neighborhoods in Louisiana. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates.

In addition, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 77.9% of the adults living in the Lakeview neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 97.1% of U.S. neighborhoods. In this way, this neighborhood truly stands out.

Occupations

The Lakeview neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 98.4% of the neighborhoods in America. In fact, 77.3% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.

Diversity

Did you know that the Lakeview neighborhood has more French and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 30.9% of this neighborhood's residents have French ancestry and 16.3% have Cuban ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Lakeview neighborhood in New Orleans are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 93.3% of the neighborhoods in America. In addition, 0.7% 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 79.5% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Lakeview neighborhood, 77.3% 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 13.5% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (7.5%), and 6.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lakeview neighborhood is English, spoken by 93.1% of households. Some people also speak Spanish (2.8%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Lakeview neighborhood in New Orleans, LA, residents most commonly identify their ethnicity or ancestry as French (30.9%). There are also a number of people of Cuban ancestry (16.3%), and residents who report Italian roots (14.5%), and some of the residents are also of Irish ancestry (13.5%), along with some German ancestry residents (12.2%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Lakeview neighborhood spend between 15 and 30 minutes commuting one-way to work (56.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (76.8%) 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 (11.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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