If you’ve been dreaming of settling down near New Orleans without the hefty price tag, we’ve got great news for you! Living in the Big Easy has never been…well, easier, when you choose to buy on the Westbank!
What is the Westbank, exactly? These charming suburbs are just 20 minutes from NOLA’s city center. There are so many advantages to investing in towns like Gretna, Harvey, and Algiers—and we have all the details.
The Neighborhoods
If you’ve been charmed by New Orleans’ gorgeous Garden District or the famous French Quarter, you’re not alone. However, home prices and the hustle and bustle of the city might make it seem like your dream home is out of reach. However, a quick drive across the Crescent City Connection will definitely change your perspective!
The Westbank is home to historic Gretna, which has one of the largest portions of registered historic places in all of Louisiana. This spot offers a unique blend of French and German culture, which is on display at the Kitty Strehle House.
Algiers is the closest you can get to buying a slice of New Orleans’ past—you’ll love the unique blend of modern and Victorian properties. With so many beautiful neighborhoods to choose from, you’re sure to find one that fits your lifestyle.
The Home Prices
Did we mention that these communities are both stunning and affordable? When you buy on the Westbank, you’ll find out that living near New Orleans doesn’t have to break the bank, especially if you’re buying your first home. On average, homes in this area sell for as low as $152,000. Wondering how that compares to properties in the middle of NOLA? The numbers might surprise you.
On average, homes in the heart of the French Quarter will run you over $400,000, with historic marvels going for hundreds of thousands more. Even suburbs like Metairie can’t compare to the Westbank’s stellar prices—you’ll still be paying around $233,700. When you consider the record-low home prices and proximity to the city, homes on the Westbank just can’t be beat.
The Revitalization
Looking for another reason to buy on the Westbank? Recent plans to revitalize neighborhoods like Terrytown are starting to take shape, making it a great spot for young professionals, retirees, and everyone in-between. These “smart growth” plans offer holistic approaches to community improvement, which means now is the time to invest in a home.
Want to learn about these stellar improvements? Terrytown’s program is a top-notch example of what Jefferson Parish is doing to reinvigorate the area. You can expect to find even more community spaces, improved infrastructure, and more sustainable housing to combat flooding. These plans, which were initiated in 2007, have jump-started the area’s economy, provided tons of jobs, and strengthened the community fabric.
The Incentives
Believe it or not, the deals on the “Best Bank” just keep getting sweeter. In an effort to boost homeownership, the United States Department of Agriculture has partnered with the Department of Housing and Urban Development to offer USDA financing when you buy on the Westbank. Want to check your eligibility? Check out the Single Family Housing Guaranteed Loan Program to see how you can save!
Jefferson Parish is also offering its own incentives to homeowners that you won’t want to miss out on. Need help with your down payment? The Parish’s down payment assistance program grants funds for residents buying a new home. Other programs are always popping up, so be sure to visit their website to learn more.
Ready to Buy on the Westbank?
There are so many reasons why buyers are shifting towards NOLA’s charming suburbs. Go ahead—start dreaming of settling down in Algiers or strolling through historic Belle Chasse. There are so many advantages to buying on the Westbank, and now is the time to make your move.
When you’re ready to start your home search, just reach out to the Nugent-Freeland Team! We’re here to help you find your dream home in the perfect neighborhood. Want to take your next steps? Check out our guide to the Westbank or peruse our buyer resources. If you have any questions, we’re just a phone call away!