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Real Estate Prices & Overview

Read Blvd East / Sherwood Forest median real estate price is $217,791, which is more expensive than 50.7% of the neighborhoods in Louisiana and 24.4% of the neighborhoods in the U.S.

The average rental price in Read Blvd East / Sherwood Forest is currently $1,238, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 67.8% of Louisiana neighborhoods.

Read Blvd East / Sherwood Forest is an urban neighborhood (based on population density) located in New Orleans, Louisiana.

Read Blvd East / Sherwood Forest real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Read Blvd East / Sherwood Forest neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Read Blvd East / Sherwood Forest are 3.3%, which is lower than one will find in 77.9% of American neighborhoods. Demand for real estate in Read Blvd East / Sherwood Forest is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Occupations

The Read Blvd East / Sherwood Forest neighborhood stands out nationally for having a greater proportion of its residents active in the military than 95.1% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

Diversity

Did you know that the Read Blvd East / Sherwood Forest neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 18.5% of this neighborhood's residents have African ancestry and 18.6% have Sub-Saharan African ancestry.

Read Blvd East / Sherwood Forest is also pretty special linguistically. Significantly, 3.3% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 96.9% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Read Blvd East / Sherwood Forest neighborhood in New Orleans are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 69.4% of U.S. neighborhoods. In addition, 4.8% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 65.5% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Read Blvd East / Sherwood Forest neighborhood, 31.0% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 23.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.8%), and 21.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Read Blvd East / Sherwood Forest neighborhood is English, spoken by 92.0% of households. Some people also speak Vietnamese (3.3%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Read Blvd East / Sherwood Forest neighborhood in New Orleans, LA, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (18.6%). There are also a number of people of African ancestry (18.5%), and residents who report Asian roots (3.9%), and some of the residents are also of Irish ancestry (3.1%), along with some Haitian ancestry residents (2.1%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Read Blvd East / Sherwood Forest neighborhood spend between 30 and 45 minutes commuting one-way to work (37.8% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (76.2%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (18.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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