Faubourg Marigny

New Orleans, LA

Neighborhood Market Analysis

Q3 2025 Report
$358,250 (April 2025)
Median Home Price
87 (Very Walkable)
Walkability Score
Public schools are average to below average; more families seek private or charter options.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by Esplanade Avenue (north), the Mississippi River (south), Elysian Fields Avenue (east), and North Rampart Street (west).

Zip Codes

7011670117

Market Data Summary

Price Range$300,000–$700,000+ (recent sales: $698,000 for 5bd/4ba, $1,450/month for 2bd rental)
Price per Sq Ft$294 (April 2025), $282 (Jan 2025)
Inventory LevelsElevated compared to 2023–2024; more options for buyers, less competition.

Property Characteristics

Home Types & Architecture

Home Types

Historic single-family homesShotgun housesCreole cottagesMulti-family doublesCondominiums

Architectural Styles

Creole cottageShotgunGreek RevivalVictorianItalianate

Property Details

Typical Lot SizesSmall urban lots, often 1,500–3,000 sq ft
Home Age RangeEarly 1800s–1920s, with some modern renovations
Construction QualityMix of well-preserved historic homes and renovated properties; some deferred maintenance in older stock.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, with a mix of long-term residents, artists, young professionals, and LGBTQ+ community. Median age skews younger than city average.

Community Vibe

Eclectic, vibrant, artsy, and inclusive. Known for music, nightlife, and a strong sense of local identity.

Typical Residents

  • Artists
  • Musicians
  • Young professionals
  • Retirees
  • LGBTQ+ individuals

Family Friendly

Moderate; more popular with singles, couples, and creative professionals than families with young children.

Amenities & Lifestyle

Parks & Recreation

  • Washington Square Park
  • Crescent Park (riverfront)

Dining Options

  • Frenchmen Street music clubs
  • Local Creole restaurants
  • Trendy cafes

Shopping Centers

  • Local boutiques; no major malls, but close to French Quarter retail

Local Businesses

  • Coffee shops
  • Boutique bars
  • Vintage stores
  • Art galleries

Education & Schools

Public schools are average to below average; more families seek private or charter options.
Overall School Rating

Elementary Schools

  • Homer A. Plessy Community School

Middle Schools

  • Homer A. Plessy Community School (K-8)

High Schools

  • McDonogh 35 College Preparatory High School

Private Schools

  • Ecole Bilingue de la Nouvelle-Orléans (nearby)

Transportation & Accessibility

Transit & Roads

Public Transit

  • RTA streetcar (Rampart/St. Claude line)
  • Bus routes on Elysian Fields and St. Claude

Major Roads

  • Elysian Fields Ave
  • Esplanade Ave
  • St. Claude Ave
  • N. Rampart St

Commute & Walkability

Commute Times10–20 minutes to CBD/French Quarter by car or transit; 20–30 minutes to Uptown or Mid-City.
WalkabilityExcellent; most errands can be accomplished on foot.
ParkingChallenging; limited street parking, especially during events.

Marketing Intelligence

Target Buyer Types

  • Investors (STR/long-term rental)
  • Young professionals
  • Artists/creatives
  • Second-home buyers
  • LGBTQ+ buyers

Key Selling Points

  • Historic charm
  • Vibrant arts/music scene
  • Walkability
  • Proximity to downtown

Pricing Considerations

Price competitively due to buyer's market; updated homes command premium.

Common Objections & Response Strategies

Objection: Noise from nightlife and events

Response Strategy:

Show quieter blocks, highlight soundproofing, and proximity to parks.

Objection: Flood/insurance costs

Response Strategy:

Provide recent flood zone maps, highlight elevated/renovated homes, and offer insurance quotes.

Objection: Parking difficulties

Response Strategy:

Point out nearby lots, walkability, and transit options.

Objection: School quality

Response Strategy:

Discuss charter/private options and community resources.

Investment Insights

Investment Potential

Appreciation Potential

Moderate; recent dip in prices offers entry point, but long-term demand for historic, walkable neighborhoods remains strong.

Rental Demand

High, especially for short-term rentals and furnished units; regulatory changes may impact STR returns.

Buyer Competition

Lower than 2022–2023; buyers have more leverage in negotiations.

Best For

  • Investors seeking STR
  • Buyers wanting historic charm
  • Young professionals
  • Second-home buyers

Potential Concerns

  • Insurance costs
  • Flood risk
  • Noise
  • School quality

Professional Recommendations

1

Educate buyers on insurance and flood risk early in process.

2

Highlight walkability, culture, and historic features in all marketing.

3

Use professional photography to showcase architectural details.

4

Network with local businesses and artists for referrals.

5

Stay updated on STR regulations and insurance market changes.

6

Stage homes to appeal to creative/urban buyers.

7

Be transparent about parking and noise, and offer solutions.

Competitive Analysis

Comparable Markets

  • Bywater
  • French Quarter
  • Treme
  • Mid-City

Market Positioning

Historic, walkable, arts-focused neighborhood with strong rental and lifestyle appeal.

Competitive Advantages

  • More affordable than French Quarter
  • More vibrant/creative than Treme
  • Better STR potential than Mid-City

Price Comparison

Slightly below French Quarter, above Treme and most of Mid-City.

Investment Metrics

5–7% for STR, 4–5% for long-term rentals (2025 est.)
Cap Rates
Gross yields 6–8% for well-managed STRs; 4–5% for traditional rentals.
Rental Yields
18–20 (higher than city average, reflecting strong rental demand)
Price-to-Rent
Positive for STRs, break-even to modest for long-term rentals depending on purchase price and management.
Cash Flow
Stable to moderate growth over next 3–5 years, barring major regulatory or insurance shifts.
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by urban lifestyle and historic homes, but may be challenged by insurance and renovation needs.

Move-Up Buyers

Seek larger or renovated properties; motivated by lifestyle upgrade.

Downsizers

Drawn to walkability and culture, but may be deterred by noise or lack of parking.

Investors

Strong interest in STR and furnished rentals; must monitor regulations closely.

Relocators

Appealed by unique culture and proximity to downtown; may need education on local risks and insurance.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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