Franklin Ave / Mirabeau Ave median real estate price is $197,413, which is more expensive than 78.7% of the neighborhoods in Louisiana and 52.6% of the neighborhoods in the U.S.
The average rental price in Franklin Ave / Mirabeau Ave is currently $1,166, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.3% of the neighborhoods in Louisiana.
Franklin Ave / Mirabeau Ave is an urban neighborhood (based on population density) located in New Orleans, Louisiana.
Franklin Ave / Mirabeau Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Franklin Ave / Mirabeau Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Franklin Ave / Mirabeau Ave. The current real estate vacancy rate here is 21.8%. This is higher than the rate of vacancies in 87.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.