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Real Estate Prices & Overview

Lake Catherine / Village de Lest median real estate price is $265,641, which is more expensive than 60.8% of the neighborhoods in Louisiana and 33.0% of the neighborhoods in the U.S.

The average rental price in Lake Catherine / Village de Lest is currently $1,782, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.3% of the neighborhoods in Louisiana.

Lake Catherine / Village de Lest is a remote neighborhood (based on population density) located in New Orleans, Louisiana. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Lake Catherine / Village de Lest 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 Lake Catherine / Village de Lest neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Lake Catherine / Village de Lest. The current real estate vacancy rate here is 17.3%. This is higher than the rate of vacancies in 82.6% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (15.4%). 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.

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 New Orleans, the Lake Catherine / Village de Lest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just 27 residents per square mile, Lake Catherine / Village de Lest is less crowded than 93.2% of all U.S. neighborhoods. Do you like a coastal setting? If so, this neighborhood may be to your liking. The Lake Catherine / Village de Lest neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Lake Catherine / Village de Lest is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of. One of the notable things about Lake Catherine / Village de Lest is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

People

According to NeighborhoodScout's research, Lake Catherine / Village de Lest is better suited for first-time home buyers than 87.1% of neighborhoods in the state. Most homes here are priced below the state's median house value, yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in Louisiana. Along with an exclusive multi-metric measure of neighborhood quality developed by NeighborhoodScout that scores high here in this neighborhood, this means that buying into the neighborhood is not only an accessible option but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood

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 Lake Catherine / Village de Lest neighborhood in New Orleans are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 51.8% of the neighborhoods in America. With 25.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 76.7% 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 Lake Catherine / Village de Lest neighborhood, 27.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 25.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (24.6%), and 21.8% in manufacturing and laborer occupations.

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 Lake Catherine / Village de Lest neighborhood is English, spoken by 94.6% of households. Other important languages spoken here include Italian and Spanish.

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 Lake Catherine / Village de Lest neighborhood in New Orleans, LA, residents most commonly identify their ethnicity or ancestry as German (9.0%). There are also a number of people of Mexican ancestry (7.5%), and residents who report Irish roots (6.8%), and some of the residents are also of French ancestry (5.8%), along with some Italian ancestry residents (3.2%), 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 Lake Catherine / Village de Lest neighborhood spend between 30 and 45 minutes commuting one-way to work (43.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (86.9%) 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 (10.8%) . 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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