What are the hottest neighborhoods in New Orleans? It all depends on who you ask, of course, but we're taking a scientific approach and choosing the top 5 based on increases in average sold prices between 2011 and 2014.
High on the hot list is Gentilly, with a 92% increase in home sales and a 50% increase in sold prices over the last 3 years.
Working hard to overcome a history of blight, Central City has been a magnet to investors and do-it-yourselfers that want to pioneer the comeback of a NOLA neighborhood that is, as the name says, centrally located to just about everything. Sales are up just 3.85%, but prices have skyrocketed, jumping 97% between 2011 and 2014.
With an extremely active improvement association, Broadmoor has made leaps and bounds in its recovery. Sales are up 61.7% and average sold prices are up almost 83%.
Marigny/Bywater Above St. Claude Avenue
Below St. Claude you'll find an amazing amount of renovation of singles and doubles along almost every street. But the investors are focusing more on the area above St. Claude Avenue, where prices have risen over 116% since 2011.
Holy Cross/Lower 9th Ward
Revitalization is creeping out of the edges of the Upper 9th Ward and Bywater neighborhoods and into the Lower 9th. Although prices have leapt by 102.5%, it remains one of the most affordable places to live in New Orleans.
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