Why Live in Margaret Place Historic District
The Margaret Place Historic District in Lake Charles is known for its charming architecture, featuring homes built between 1910 and 1945. The neighborhood showcases a mix of bungalows and grand Edwardian-style houses, many with luxury amenities like backyard pools and private boathouses. Homes typically range from under 1,000 to over 3,200 square feet, with lots maxing out at a third of an acre. The area is surrounded by numerous parks, including the Bord Du Lac Marina and Drew Park, which offers a playground, picnic tables, and a recreational center. The Imperial Calcasieu Museum, located nearby, is a local cultural highlight with events and exhibits, including the famous 300-year-old Sallier Oak tree. Dining options include 121 Artisan Bistro and Old Bastard's Bar and Grill, while shopping needs are met by the nearby Walmart Neighborhood Market and Prien Lake Mall. The neighborhood is relatively walkable within, though pedestrian infrastructure to surrounding areas is limited. Residents primarily use Interstate 210, located less than 2 miles south, for commuting. The area is safer than the national average, contributing to its appeal.
Frequently Asked Questions
Is Margaret Place Historic District a good place to live?
Margaret Place Historic District is a good place to live. Margaret Place Historic District is considered car-dependent and bikeable. Margaret Place Historic District has 3 parks for recreational activities. It is fairly sparse in population with 4.3 people per acre and a median age of 43. The average household income is $143,023 which is above the national average. College graduates make up 72.2% of residents. A majority of residents in Margaret Place Historic District are home owners, with 37.1% of residents renting and 62.9% of residents owning their home. A
local real estate agent serving Margaret Place Historic District can help you decide if this neighborhood is the right one for you. Learn more on our
Margaret Place Historic District neighborhood guide.
How much do you need to make to afford a house in Margaret Place Historic District?
The median home price in Margaret Place Historic District is $386,388. If you put a 20% down payment of $77,300 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,970 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $84K a year to afford the median home price in Margaret Place Historic District. The average household income in Margaret Place Historic District is $143K.
What are the best public schools in Margaret Place Historic District?
The best public schools that serve Margaret Place Historic District are:
What are the best private schools in Margaret Place Historic District?
The best private schools that serve Margaret Place Historic District are:
What are the most popular zip codes in Margaret Place Historic District, Lake Charles, LA?
The most popular zip codes in Margaret Place Historic District, Lake Charles, LA include
70601,
70605,
70607,
70669 and
70615.
What are the most popular neighborhoods near Margaret Place Historic District, Lake Charles, LA?
Home Trends in Margaret Place Historic District, LA
On average, homes in Margaret Place Historic District, Lake Charles sell after 237 days on the market compared to the national average of 52 days. The median sale price for homes in Margaret Place Historic District, Lake Charles over the last 12 months is $250,000, down 3% from the median home sale price over the previous 12 months.
Median Sale Price
$250,000
Median Single Family Sale Price
$372,500
Average Price Per Sq Ft
$185
Number of Homes for Sale
1
Last 12 months Home Sales
3
Median List Price
$386,388
Median Change From 1st List Price
11%
Median Home Sale Price YoY Change
-3%