Prices are relatively high, but you are buying into a neighborhood here, and also in to an area in the city that is famous the world over. Having said that, the apartments and condos are affordable. Much of the architecture is in the old French Creole style, characterized by long porches with the roofs extending over the porches. They also tend to be built up to withstand seasonal floodwater, and such buildings survived the Katrina floods better than the more modern style of homes.

Although New Orleans in general has been a buyer's market since 2005, prices are now rapidly rising as people return, and Brad Pitt and Angelina Jolie recently purchased a 3.5 million dollar 6 bedroom townhouse close to the French Market and the Café du Monde. Other celebrities are purchasing properties, but it is the ordinary person that the French Quarter needs and good family homes are available from around $350,000 upwards. You can also get one bedroom condos for just over $300,000, so the cheaper prices are there, especially for single people or couples without families.

If you are determined to find a home in the French Quarter of New Orleans, they are available, but prices are rising rapidly. This is a double edged sword since although you have to buy quickly to get a reasonable price, your equity will rise rapidly and this is also a very good time to buy for investment.

The French Quarter has a character all of its own and those that have decided to live there never want to move. The friendship and neighborliness is something that cannot be purchased, and you can be sure that your district will remain traditional and not be turned by some national store into a gigantic shopping mall.