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New Orleans Real Estate |
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New Orleans real estate is located along the Mississippi River and is the largest city in Louisiana.New Orleans is a Southern city known for its multicultural heritage (especially French and Spanish influences) and its music and cuisine. It is a world-famous tourist destination thanks to its many festivals and celebrations. The most notable annual events are Mardi Gras, Jazz Fest, Southern Decadence, and football's Sugar Bowl. Occasionally, football's Super Bowl is held in New Orleans.
New Orleans real estate is unique because some areas of the city range from 1 to 20 feet (0.3 to 6 m) below sea level, resulting in New Orleans being very flood-prone. New Orleans real estate also includes undeveloped wetland, especially in the east. Suffice to say, if it rains more than 1 inch there is usually some form of area flooding which, due to the climate, can be a fairly regular occurence.
The U.S. Army Corps of Engineers built the Mississippi River-Gulf Outlet Canal in the mid-20th century, resulting in New Orleans becoming a major U.S. seaport. New Orleans is one of the busiest seaports in the United States and the world. Like Houston, New Orleans is located in proximity to the many oil rigs lying just offshore in the Gulf of Mexico. A number of oil companies have their regional headquarters in New Orleans.*