$454,270Average Value$406Average Price per Sq Ft33Homes For Sale
Vibrant, urban neighborhood in the heart of New Orleans
Originally developed as a residential neighborhood called Faubourg Sainte Marie, New Orleans' Central Business District was the first part of the city to grow beyond its original French Quarter in the late 18th century. As New Orleans continued to grow, the neighborhood grew along with it and its burgeoning Canal Street became filled with popular local and regional department stores that made the Central Business District the primary retail destination of New Orleans and its surrounding areas. "In the past, CBD was all about businesses and hotels, and it still is, but since Hurricane Katrina, a lot more residential units have been built and more people live here, so it has more of a neighborhood feel than it used to," says Patrick Knudsen, a real estate agent with 17 years of experience at Latter and Blum Realtors. With this "Resurgence of downtown," CBD has become both the main financial center of the city as well as a popular neighborhood to live in for those who work nearby or want to enjoy "The best of what New Orleans has to offer," says Knudsen. Across just over a square mile of downtown New Orleans, the neighborhood offers ample options for nightlife, bars, restaurants and art, all within walking distance of famous landmarks like Caesars Superdome, the Smoothie King Center and the city's tallest building, the Hancock Whitney Center. Paired with "History you can see in the area's beautiful, French-inspired architecture," the Central Business District is a "Vibrant, urban neighborhood with a classic New Orleans feel."
Shopping and dining along Canal Street
Within walking distance or a quick cab ride away, residents of CBD have access to fine dining, high-end boutiques, nightlife and a myriad of retail stores and other businesses. The neighborhood's iconic Canal Street is known for its red streetcars that take tourists and residents alike along CBD's main thoroughfare. For those cooking at home, groceries are just a few blocks away at Rouses Market. Or, when in the mood to eat out, residents have some of the most recognizable and finest dining options in the Big Easy right out their front door. Mother’s Restaurant has been serving customers for more than 80 years. Close to the waterfront, this family-owned restaurant has politicians and celebrities dining beside longshoremen and locals. For some of their most popular dishes, try the Famous Ferdi Special and the Debris po-boys. Pho Tau Bay is another local landmark. With roots in the Algiers flea market, this family-owned Vietnamese restaurant specializes in authentic pho, Vietnamese noodle soup. Some celebrity fans of Pho Tau Bay include Emeril Lagasse, John Besh and the late Anthony Bourdain.
Hotels are plentiful along Canal St in the New Orleans CBD.
Rouses Market serves residents of the New Orleans CBD and the surrounding area.
Since 1938 Mother’s Restaurant has served classic New Orleans food in the New Orleans CBD.
1/3
Historic townhomes and recently renovated condos in the CBD
With an average sales price of almost $600,000, homes in CBD are about $150,000 more expensive than the national average. Highly in demand for what Knudsen calls "real city living," residents enjoy a metropolitan lifestyle living here, often being close to work and the main attractions of the area. Homes here are often classically built townhomes or condos converted from historic business buildings. Surrounded by tall apartment and office buildings, these condos are especially popular with young professionals for their relative affordability. Mixing history and modernity with recent renovations and "modernistic designs on the inside," condos in CBD sell from the high $200,000s to just over $300,000. While many of the original homes in CBD were destroyed in the 1960s, demolition stopped in the 1970s, and many formerly commercial properties have been converted into single- or multifamily homes. American Townhouse — narrow, three-story homes made of brick or stucco- as well as Greek Revival and Italianate Center Hall Cottages are the most common style of homes in the area, but "they don't often come on the market and are highly valued for their location and construction," says Knudsen. These exclusive New Orleans homes can sell anywhere from one to three million and offer up to 3,000 square feet.
Getting outdoors in downtown New Orleans
To see some green space, residents can head to Woldenberg Park for great views of the Mississippi River, 16 acres of grassy fields and paved trails to enjoy walking or jogging along.
Another popular local spot is Duncan Plaza, a small oasis in the middle of downtown featuring winding paths, landscaped trees and a pavilion for people to gather. While walking through the park's green space, visitors can take in views of the city's historic monuments and buildings.
Lafayette Square is another small, two-and-a-half-acre park that is surrounded by office buildings and bordering Poydras Street. This pocket park is a great place to catch a concert series, see inaugurations and weddings or watch the annual Mardi Gras parade.
New Orleans CBD Duncan Plaza features a paved walkway along with landscaped trees & grass.
Duncan Plaza offers a paved walking path in the New Orleans CBD.
1/2
Famous options for entertainment just a walk away
At the heart of the Crescent City, there are plenty of options for entertainment nearby. Along Canal Street, residents can find famous venues like The Orpheum Theater. First built in 1918 as a vaudeville theater, this spacious theater with an opulent interior showcases films and concerts such as performances by the Louisiana Philharmonic Orchestra and balls celebrating Mardi Gras. Also along Canal Street, Harrah’s Casino offers 115,000 square feet of gaming space as well as options for shopping and nightlife.
When in the mood for sports- or just a party- residents can head to the Caesars Superdome to watch an NFL game in the New Orleans Saints' home stadium or see the Pelicans play basketball at the Smoothie King Center.
The Audubon Aquarium is also close by with extensive exhibits of marine and insect life. Residents can stop by the aquarium to see reefs and sharks up close by walking through an underwater tunnel that passes through a 400,000-gallon tank.
Harrah’s Casino has 115,000 square feet of gaming space in the New Orleans CBD.
The New Orleans CBD is just minutes from the Caesars Superdome.
The Sazerac House is a museum, bar, and distillery rolled into one in the New Orleans CBD.
1/3
Finding your way in the Big Easy
Residents of CBD are fortunate to have a well-developed public transit system. City busses, as well as Canal Street's classic red streetcars, circulate the neighborhood's main arteries, while wide, paved sidewalks make for easy walking throughout the area. Whether heading to work or admiring the neighborhood's local murals, architecture and public art, walking and biking are popular and practical choices. Residents can also find bike-share programs like Blue Bikes, which offers transportation for affordable prices.
University Medical Center New Orleans is the closest major hospital to CBD and is just a few blocks northeast of the neighborhood across Interstate 10. The closest airport, New Orleans Lakefront Airport, is about ten miles north along Interstate 10. Residents also benefit from having convenient access to several major highways like the Lake Causeway or Highway 90 if they are heading to Lafayette or Mobile, Alabama. Baton Rouge is also about 90 miles away along Interstate 10.
The red Canal St streetcar is popular with tourists and residents alike in the New Orleans CBD.
Blue Bikes is an affordable bikeshare program in the New Orleans CBD.
There are many options for shopping and restaurants on Canal St in the New Orleans CBD.
1/3
The Homer A. Plessy Community School fosters creative thinking in the French Quarter.
Charter schools improving New Orleans community
Thanks to New Orleans charter schools, educational options are also accessible. Students in pre-K to eighth grade can attend schools like Homer A. Plessy Community School, which is rated as the second-best Standout Elementary School in the New Orleans Area and receives a rating of A-minus from the educational review site, Niche. Older students in the area can attend schools such as International High School of New Orleans, which receives a rating of C-plus from Niche and boasts relatively low student-teacher ratios of 11:1. International High aims to educate and nurture a diverse learning community by hosting programs such as the International Baccalaureate Programme, world languages and intercultural appreciation.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Bonnie LaNasa,
an experienced agent in this neighborhood.
Parks in this Area
Musical Legends Park
Woldenberg Park
Bike Trails
Trails
Events
Jean Lafitte National Historical Park and Preserve
Trails
Hiking
Lafayette Square
Trails
Events
Duncan Plaza
Dog Park
Picnic Area
Trails
Marais Playground
Playground
Transit
Airport
Louis Armstrong New Orleans International
22 min drive
Subway
Carondelet And Canal
Subway
Canal And Rampart
Subway
Canal And Chartres/Camp
Subway
Canal And Bourbon/Carondelet
Subway
Canal And Dauphine/Baronne
Subway
Canal And Basin/Elk
Subway
Canal And Marais/Lasalle
Subway
Canal And Claiborne
Subway
St Charles And Poydras
Subway
St Charles And Common
Bus
Loyola & Perdido
Bus
Main Library Zone C
Bus
Rampart & Gravier
Bus
Poydras & Claiborne
Bus
Poydras & Liberty
Bus
Elk Place And Canal
Bus
Poydras & Clara
Crime and Safety
1 - Low Crime, 10 - High Crime
Central Business District
US
Homicide
6
4
Sexual Assault
6
4
Assault with Weapon
7
4
Robbery
8
4
Burglary
10
4
Motor Vehicle Theft
10
4
Larceny
10
4
Crime Score
9
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Central Business District, New Orleans sell after 96 days on the market compared to the national average of 47 days. The average sale price for homes in Central Business District, New Orleans over the last 12 months is $295,428, down 15% from the average home sale price over the previous 12 months.
Nestled in the vibrant heart of the Marigny, this historic double offers endless possibilities for its next owner. With 3 spacious bedrooms and 2 bathrooms on each side, one half of the property is move-in ready, while the other side has been gutted, offering a blank canvas for your personal vision. Whether you choose to maintain the property as a double for investment income, a vacation rental,
A unique opportunity to own a piece of New Orleans history in the heart of Bywater! This spacious shotgun double sits on an oversized 31' x 159' lot, offering ample outdoor potential. Each unit is equipped with central air and heat for year-round comfort. The owner’s side includes three bedrooms and one bath across 1,161 sq. ft., while the rental unit has two bedrooms and one bath in 937 sq.
Step into upscale living in the heart of Downtown New Orleans! This beautifully renovated 2-bedroom, 1-bath unit comes fully furnished with Bosch appliances, custom cabinetry, and modern finishes throughout. A rare find, the property includes a grandfathered hotel license—offering powerful advertising advantages and no annual STR fee.Enjoy effortless ownership with built-in property
925 Common Luxury Apartments - An Address of Distinction... Our beautiful downtown urban residences are conveniently located in the heart of the Central Business District of New Orleans. With a variety of unique studios, one, and two bedroom floor plans, 925 offers a charming lifestyle of elegance and class. The panoramic views of downtown New Orleans allow for the ultimate living experience.
Prime French Quarter/CBD Hosptaitily lease opportunity located at 129 Burgundy St. This exceptional property features ±10,000 square feet of second-floor hospitality space, currently operating as a hostel, located just half a block from the world-renowned Canal Street Historic District; long regarded as one of the city's premier retail hubs. The property is zoned CBD-3 (Cultural Arts District)
Interested in learning more about homes in this area?
Reach out to
Bonnie LaNasa,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
3,400
Median Age
39
Population Density
13 ppl/acre
Population under 18
12.1%
Below the national average
23.8%
Population over 65
16.6%
On par with the national average
19.1%
Finances
Median Household Income
$44,594
Significantly below the national average
$71,702
Average Household Income
$65,163
Education and Workforce
High School Graduates
94.7%
College Graduates
53.6%
Above the national average
34.1%
Advanced Degrees
21.3%
Above the national average
13.3%
% Population in Labor Force
59.6%
Weather
Annual Precipitation
67''
Average Winter Low Temperature
46°F
Average Summer High Temperature
93°F
Annual Snowfall
0''
Area Factors
Biker's Paradise
Bike Score®
91/ 100
Walker's Paradise
Walk Score®
95/ 100
Excellent Transit
Transit Score®
85/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
