Southern U at New Orleans / Lakeshore Dr median real estate price is $176,633, which is more expensive than 69.6% of the neighborhoods in Louisiana and 46.6% of the neighborhoods in the U.S.
The average rental price in Southern U at New Orleans / Lakeshore Dr is currently $1,045, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.5% of the neighborhoods in Louisiana.
Southern U at New Orleans / Lakeshore Dr is a suburban neighborhood (based on population density) located in New Orleans, Louisiana.
Southern U at New Orleans / Lakeshore Dr real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Southern U at New Orleans / Lakeshore Dr neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in Southern U at New Orleans / Lakeshore Dr. The current real estate vacancy rate here is 21.2%. This is higher than the rate of vacancies in 86.9% 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.