Many residents and medical students moving to New Orleans chose Condos!

New Orleans housing for Tulane or LSU Medical Students and residents often chose condos as a home for their stay.

     A New Orleans Condo is often the choice of many students, residents, and nurses going to the local Medical schools of  Tulane and LSU.  This is often true of the many residents and fellows of the local hospitals.  The most popular locations for most are in the Warehouse District and in the Uptown New Orleans area.  The prices really drop when you get in Jefferson Parish which is an easy commute to the local hospitals and medical schools.   

     The New Orleans area is very compact and little commute time is needed to the schools.  Safety is an important ingredient in your search.  Most of the areas where condos are selling are in the better areas.  A local agent can guide you in the choice of areas and lifestyles.

    The nature of a condo fits the students lifestyle.  There is little to take care of except the inside of the condo.  You can come and go as you want.  Many of the New Orleans Warehouse Units have security at night and some on duty during the day for packages, guests and deliveries.  Many of the units will have common areas and workout facilities.  

     The Warehouse District is one of the more popular areas as its less than 2 miles to the medical schools.  The area is very safe and a car is not needed to get around in.  You are around a lot of other students and young professionals that live in the area.  The condos are not that large but are large enough for busy people. Shut the door and leave.

      The Garden District and Uptown New Orleans are also popular.  If  living in a more historic building is what you desire then Uptown may be a good choice.   The area has historic homes and apartments that have been converted into condos in the Garden District and along St. Charles Ave.

      Resale values have been good in the Uptown and Warehouse District areas.  The prices have been stable since the middle of 2005.  Hurricane Katrina did little or no damage to 95% of the areas where I sell.

     The current interest rates are at 5% today and this helps make the case for purchasing even better when looking at the rent versus buying argument.  I cannot forecast the rate of appreciation from here but it is rarely a straight line in this market.  The key factor is getting something others will want when you get ready to sell.  

    Below is one of the many places you can choose from.  Click through the condo reviews to get some ideas as to what is available.    Eric   Related Articles- Buy or Rent ?