New Orleans, Louisiana - Real Estate
Located on the gulf coast of Louisiana, New Orleans is the largest city in that state, and one of the most important port cities in the United States. The exact population of New Orleans is unknown at this time, due to confusion surrounding the recent hurricanes and flooding in the region.
The past few years have seen the cost of homes in the city rise significantly, despite the obvious risk of hurricanes and natural disasters. The median cost of a single family dwelling in the area increased by 29.2% in 2005, to $181,200.
This is somewhat short of the national average, but can still be a challenge for first time homebuyers. Those intimidated by the high prices might want to look into foreclosed properties and other discount real estate listings in the area, in order to attain the best bargain possible.
To find foreclosures and rock-bottom real estate bargains in New Orleans, Louisiana and other cities across America, please click here.