Why Live in Central Business District
The Central Business District (CBD) in New Orleans, originally founded as Faubourg Ste. Marie in 1788, is a vibrant neighborhood known for its historic buildings, attractions, and excellent dining options. As the main financial center since the 1830s, it remains a hub of business and culture, featuring City Hall and a rotating collection of sculptures along Poydras Street. The neighborhood's architecture includes American Townhouse and Greek Revival styles, with many commercial properties converted into single- or multifamily homes. Canal Street, with its iconic red streetcars, provides convenient travel through the area. At the foot of Canal Street, Harrah’s Casino offers 115,000 square feet of gaming space, shopping, nightlife, and entertainment. The Sazerac House, a museum, bar, and distillery, celebrates the city’s official cocktail with interactive exhibits. The Orpheum Theater, home to the Louisiana Philharmonic Orchestra, hosts a variety of events, including movie premieres and Mardi Gras balls. Dining in the CBD is notable, with Mother’s Restaurant serving classic dishes like the Famous Ferdi Special and Debris po-boys for over 80 years. Phở Tầu Bay, a family-owned Vietnamese restaurant, is renowned for its traditional noodle soup and has celebrity fans. While the French Quarter is often highlighted, the CBD offers its own rich history and vibrant atmosphere.
Home Trends in Central Business District, LA
On average, homes in Central Business District, New Orleans sell after 17 days on the market compared to the national average of 70 days. The median sale price for homes in Central Business District, New Orleans over the last 12 months is $700,000.
Median Sale Price
$700,000
Median Single Family Sale Price
$700,000
Average Price Per Sq Ft
$406
Number of Homes for Sale
0
Last 12 months Home Sales
56
Median List Price
$747,500
Median Change From 1st List Price
9%