Over the last few months, our friends at NeighborhoodX have analyzed house prices in New Orleans. So far, the analytics and research firm evaluated over 10 New Orleans neighborhoods in depth and released a global analysis of fifteen popular neighborhoods in the city.
Today NeighborhoodX visited Freret. In April of 2017, Freret had an average price per square foot of $193. As of June 2017, the average price per square foot in the neighborhood increased to $241, nearly a $48 hike since April. The current price range of Freret rivals Touro ($217) and the Garden District ($266).
This cozy cottage, located on Clara Street, ranks as the most expensive property in the neighborhood. Priced at $296 per square foot, this home has two bedrooms, 1.5 bathroom, and 875 square feet. At $259,000, the home is priced nearly $200,000 below the neighborhood median income, according to Redfin. However, at $294 per square foot, the house is $30 more than the neighborhood average of $263 per square foot.
This three-story double, priced at $134 per square foot, dominates the lower end of the analysis. Located on Robert Street, this home has a price tag of $459,000—which is considerably higher than the most expensive listing in the neighborhood. The 3,410-square-foot home has four bedrooms and 2.5 bathrooms. Both units have traditional living and dining room spaces.
The Freret neighborhood is bounded by Claiborne, Jefferson and Napoleon avenues, and Lasalle Street.
To see more homes in Freret, check out the interactive graph below. Click on any address to learn more about that particular property.
- Freret (June 2017) [NeighborhoodX]
- Evaluating home prices in Freret [Curbed NOLA]