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Real Estate Prices & Overview

Severn Ave / W Esplanade Ave S median real estate price is $99,241, which is less expensive than 88.8% of Louisiana neighborhoods and 95.1% of all U.S. neighborhoods.

The average rental price in Severn Ave / W Esplanade Ave S is currently $1,440, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.0% of Louisiana neighborhoods.

Severn Ave / W Esplanade Ave S is a densely urban neighborhood (based on population density) located in Metairie, Louisiana.

Severn Ave / W Esplanade Ave S real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Severn Ave / W Esplanade Ave S neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 6.8% in Severn Ave / W Esplanade Ave S. NeighborhoodScout analysis shows that this rate is lower than 55.2% 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 Metairie, the Severn Ave / W Esplanade Ave S neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The Severn Ave / W Esplanade Ave S neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 95.7% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

In addition, one of the really unique and interesting things about the look and setting of the Severn Ave / W Esplanade Ave S neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 94.7% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.9% of all neighborhoods in America.

Furthermore, renter-occupied real estate is dominant in the Severn Ave / W Esplanade Ave S neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 91.5%, which is higher than 97.2% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

People

The types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 57.8%. This is a higher percent living alone than we found in 98.4% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.

In addition, the Severn Ave / W Esplanade Ave S neighborhood stands out for having an average per capita income lower than 97.8% of the neighborhoods in the United States.

Modes of Transportation

Our research shows that more people carpool to work here in the Severn Ave / W Esplanade Ave S (25.7%) than in 97.4% of the neighborhoods in America.

Occupations

There are more people living in the Severn Ave / W Esplanade Ave S neighborhood employed as sales and service workers (58.3%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Diversity

Significantly, 0.6% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 95.8% of the neighborhoods in America.

The Neighbors

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 Severn Ave / W Esplanade Ave S neighborhood in Metairie are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.8% of U.S. neighborhoods. With 44.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.6% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Severn Ave / W Esplanade Ave S neighborhood, 41.7% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 32.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.1%), and 5.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Severn Ave / W Esplanade Ave S neighborhood is English, spoken by 68.6% of households. Some people also speak Spanish (21.1%).

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 Severn Ave / W Esplanade Ave S neighborhood in Metairie, LA, residents most commonly identify their ethnicity or ancestry as German (11.9%). There are also a number of people of Mexican ancestry (8.6%), and residents who report Irish roots (7.4%), and some of the residents are also of Asian ancestry (6.1%), along with some French ancestry residents (5.5%), among others. In addition, 26.3% of the residents of this neighborhood were born in another country.

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 Severn Ave / W Esplanade Ave S neighborhood spend between 15 and 30 minutes commuting one-way to work (43.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (61.9%) 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 (25.7%) and 8.2% of residents also hop out the door and walk to work for their daily commute. 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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