Why Live in Broadmoor
Broadmoor, located in the heart of New Orleans, has a rich history tied to the city's drainage efforts. Originally marshland, this low-lying neighborhood faced significant challenges during Hurricane Katrina in 2005 but has since been revitalized by its resilient community. The area is now known for its colorful Craftsman-style bungalows and cottages, many of which have been newly built or extensively repaired, featuring bright facades and covered porches. Some newer multi-story duplexes with second-story balconies have also been added to the mix. The neighborhood's central hub is at the intersection of Fontainebleau Drive, Napoleon Avenue, and Broad Street, where locals enjoy dining at El Pavo Real and gathering at the Rendon Inn. Other popular spots include Laurel Street Bakery and Broad Street Cider. Community services are a cornerstone of Broadmoor, with the Broadmoor Arts and Wellness Center offering fitness classes and volunteer opportunities, and the Rosa F. Keller Library hosting book clubs and other events. The Broadmoor Playspot and the Broadmoor Arts and Wellness Trail provide green spaces for outdoor activities, while the Broadmoor Food Pantry Garden supports community gardening efforts. Despite its higher flood risk, residents can apply for grants to elevate their homes. The neighborhood is accessible by bus, though most residents prefer driving due to its central location, which offers easy access to both uptown and downtown New Orleans.
Home Trends in Broadmoor, LA
On average, homes in Broadmoor, New Orleans sell after 65 days on the market compared to the national average of 51 days. The median sale price for homes in Broadmoor, New Orleans over the last 12 months is $332,500, down 13% from the median home sale price over the previous 12 months.
Median Sale Price
$332,500
Median Single Family Sale Price
$370,000
Median Townhouse Sale Price
$299,500
Median 2 Bedroom Sale Price
$204,500
Average Price Per Sq Ft
$193
Number of Homes for Sale
29
Last 12 months Home Sales
102
Median List Price
$385,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-13%