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Real Estate Prices & Overview

Paris Oaks Bayou Vista / Mirabeau Gardens median real estate price is $403,419, which is more expensive than 87.7% of the neighborhoods in Louisiana and 57.3% of the neighborhoods in the U.S.

The average rental price in Paris Oaks Bayou Vista / Mirabeau Gardens is currently $1,828, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.3% of the neighborhoods in Louisiana.

Paris Oaks Bayou Vista / Mirabeau Gardens is an urban neighborhood (based on population density) located in New Orleans, Louisiana.

Paris Oaks Bayou Vista / Mirabeau Gardens real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Paris Oaks Bayou Vista / Mirabeau Gardens neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Paris Oaks Bayou Vista / Mirabeau Gardens has a 13.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 73.0% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Paris Oaks Bayou Vista / Mirabeau Gardens neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 17.8% of its workforce, this neighborhood has a greater concentration of government workers than 98.4% of U.S. neighborhoods.

Modes of Transportation

In the Paris Oaks Bayou Vista / Mirabeau Gardens neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 32.7% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 98.0% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

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 Paris Oaks Bayou Vista / Mirabeau Gardens 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 12.4% executive lifestyle neighborhoods in the state of Louisiana.

Diversity

Did you know that the Paris Oaks Bayou Vista / Mirabeau Gardens neighborhood has more Jamaican and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.4% of this neighborhood's residents have Jamaican ancestry and 3.3% have Cuban ancestry.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. More residents of the Paris Oaks Bayou Vista / Mirabeau Gardens neighborhood live here today that also were living in this same neighborhood five years ago than is found in 96.5% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.

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 Paris Oaks Bayou Vista / Mirabeau Gardens neighborhood in New Orleans are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 64.2% of the neighborhoods in America. In addition, 3.2% 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 70.8% of America'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 Paris Oaks Bayou Vista / Mirabeau Gardens neighborhood, 54.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 22.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (18.1%), and 17.8% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Paris Oaks Bayou Vista / Mirabeau Gardens neighborhood is English, spoken by 96.0% of households. Some people also speak Spanish (3.6%).

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 Paris Oaks Bayou Vista / Mirabeau Gardens neighborhood in New Orleans, LA, residents most commonly identify their ethnicity or ancestry as German (5.4%). There are also a number of people of French ancestry (4.4%), and residents who report Sub-Saharan African roots (4.4%), and some of the residents are also of Jamaican ancestry (4.4%), along with some African ancestry residents (4.4%), among others.

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 Paris Oaks Bayou Vista / Mirabeau Gardens neighborhood spend between 15 and 30 minutes commuting one-way to work (66.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (59.9%) 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 (7.4%) . 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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