Esplanade Ridge median real estate price is $314,819, which is more expensive than 69.2% of the neighborhoods in Louisiana and 41.9% of the neighborhoods in the U.S.
The average rental price in Esplanade Ridge is currently $1,579, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 68.0% of the neighborhoods in Louisiana.
Esplanade Ridge is an urban neighborhood (based on population density) located in New Orleans, Louisiana.
Esplanade Ridge real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Esplanade Ridge neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in Esplanade Ridge. The current real estate vacancy rate here is 29.4%. This is higher than the rate of vacancies in 94.4% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (18.7%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
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 Esplanade Ridge neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Esplanade Ridge neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 99.9% of all American neighborhoods.
People
One of the most interesting things about the Esplanade Ridge neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 61.5% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 99.0% of the neighborhoods in America.
In addition, the Esplanade Ridge neighborhood stands out within Louisiana for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 6.7% of college-friendly places to live in LA.
Modes of Transportation
More people in Esplanade Ridge choose to walk to work each day (15.8%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Esplanade Ridge neighborhood is a fantastic option for bicycle commuters, as 4.0% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 97.3% of the neighborhoods in America.
Real Estate
Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Esplanade Ridge neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 39.2% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 96.9% of America's neighborhoods.
In addition, being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Esplanade Ridge neighborhood is one of the most walkable neighborhoods in America.
Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 78.0% of the residential real estate in the Esplanade Ridge neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 99.5% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Diversity
Did you know that the Esplanade Ridge neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 38.1% of this neighborhood's residents have African ancestry and 38.1% have Sub-Saharan African ancestry.
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 Esplanade Ridge neighborhood in New Orleans are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 87.6% of U.S. neighborhoods. With 36.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.0% of U.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 Esplanade Ridge neighborhood, 60.1% 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 executive, management, and professional occupations, with 28.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (8.3%), and 4.8% in government jobs, whether they are in local, state, or federal positions.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Esplanade Ridge neighborhood is English, spoken by 94.7% of households. Other important languages spoken here include Spanish, Italian and Polish.
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 Esplanade Ridge neighborhood in New Orleans, LA, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (38.1%). There are also a number of people of African ancestry (38.1%), and residents who report Italian roots (8.9%), and some of the residents are also of German ancestry (7.1%), along with some English ancestry residents (6.9%), among others.
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 Esplanade Ridge neighborhood spend between 15 and 30 minutes commuting one-way to work (50.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (53.1%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (15.8%) and 8.8% of residents also carpool with coworkers, friends, or neighbors 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.
