I'm a previous Uptown resident. I lived there for a couple of years before work took me away three years ago. I've now got some flexibility and am looking for a house as a part-time residence/investment.

I have always loved Mid City and the Bayou St. John area but the real estate market there seems overpriced for what you are getting. I've started to really look seriously at listings closer toward downtown in Treme' near the Greenway. Am I crazy to consider this neighborhood as an area where I can get some value and possibly see some appreciation on my investment in the next 10-15 years?

I love the convenience of that neighborhood. Can hit the interstate with ease and you can get to most of the city fairly easily from there. Seems like the area is up and coming and I'd see some appreciation. I understand the crime in this area is higher than in other places. I'm looking for more of an opinion on the direction of property values there rather than the feasibility of actually living there.

Can anyone with a little more experience with this market provide some insight?

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Posted by notiger1997

Metairie

Member since May 2009

58348 posts

Posted on 10/10/17 at 1:57 pm to FatCatLSU

quote:
I have always loved Mid City and the Bayou St. John area but the real estate market there seems overpriced for what you are getting.

quote:
Can anyone with a little more experience with this market provide some insight?

I'm not an expert, but it seems that the area you are looking at has the same issue.

Treme has been a pretty hot area and there does seem to be more development along the Greenway in certain areas.

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Posted by Solo

Member since Aug 2008

8246 posts

Posted on 10/10/17 at 2:16 pm to FatCatLSU

Now is the time to buy near/along the Greenway. Get on your bike and ride all over the area. There are definitely issues, and crime is a big problem, but that area is ripe for gentrification.

Treme is already expensive.

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Posted by LSUFanHouston

NOLA

Member since Jul 2009

37208 posts

Posted on 10/11/17 at 10:48 am to FatCatLSU

You know, the values there certainly seem to be going up.

Personally... I truly wonder what the upper limit for this market is. Who is buying all these properties?

We don't have the higher-end job market to support all these super-high housing vales in the city. That tells me a lot of this is being bought as investment property - lot of short term rentals. How much room is left to run in that arena? What happens when interest rates tick up?

Sure seems like a bubble is forming in the city. I know St Bernard has had an uptick in sales lately especially in Arabi because so many locals have been priced out of the city.

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Posted by rocket31