Population 2,259 · Census ACS 2020–24
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Population and households in Lake Terrace and Oaks
Household size in Lake Terrace and Oaks
| Period | Lake Terrace and Oaks | New Orleans area | Louisiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.36 | 2.65 | 2.66 | 2.68 |
| 2010–14 | 2.41 | 2.59 | 2.64 | 2.73 |
| 2015–19 | 2.77 | 2.60 | 2.64 | 2.71 |
| 2020–24 | 2.56 | 2.55 | 2.59 | 2.65 |
| Change | +0.20 | −0.10 | −0.07 | −0.03 |
The average household in Lake Terrace and Oaks has 2.56 people, a bit under the U.S. average of 2.65. That is in line with the rest of the New Orleans area. Since 2006–10, household size has climbed from 2.36, but in a place this small, survey estimates can swing a lot from one release to the next.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Lake Terrace and Oaks
| Period | Lake Terrace and Oaks | New Orleans area | Louisiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 37.7 | 37.8 | 36.8 | 37.7 |
| 2010–14 | 43.3 | 37.9 | 37.4 | 38.6 |
| 2015–19 | 41.0 | 39.3 | 38.3 | 39.6 |
| 2020–24 | 32.7 | 40.1 | 39.0 | 40.1 |
| Change | −5.1 | +2.3 | +2.2 | +2.3 |
With a median age of just 32.7, Lake Terrace and Oaks is far younger than the country as a whole (40.1), a population that tilts toward young adults, many of them living alone or as couples. Only three of New Orleans' 49 neighborhoods are younger.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Lake Terrace and Oaks
| Period | Lake Terrace and Oaks | New Orleans area | Louisiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.6% | 16.1% | 14.7% | 12.3% |
| 2010–14 | 1.7% | 16.0% | 15.1% | 12.3% |
| 2015–19 | 1.6% | 13.8% | 14.1% | 11.6% |
| 2020–24 | 10.2% | 15.3% | 15.2% | 11.6% |
| Change | +7.6 pts | −0.8 pts | +0.5 pts | −0.6 pts |
Single-parent households are a bit less common in Lake Terrace and Oaks than nationally: 10.2%, against 11.6%.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Lake Terrace and Oaks
Renters in Lake Terrace and Oaks
| Period | Lake Terrace and Oaks | New Orleans area | Louisiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 16.2% | 38.4% | 31.8% | 33.3% |
| 2010–14 | 23.8% | 41.4% | 33.7% | 35.6% |
| 2015–19 | 20.9% | 41.5% | 34.4% | 36.0% |
| 2020–24 | 12.4% | 39.4% | 32.6% | 34.8% |
| Change | −3.8 pts | +1.0 pts | +0.9 pts | +1.5 pts |
Lake Terrace and Oaks is overwhelmingly a place of homeowners: only 12.4% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. About a third of owners (33.5%) have paid off their mortgages, below the national share of 39.8%. Only one other New Orleans neighborhood has a lower share of renters.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Lake Terrace and Oaks
| Period | Lake Terrace and Oaks | New Orleans area | Louisiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 8.6% | 19.1% | 13.9% | 11.4% |
| 2010–14 | 21.1% | 14.8% | 13.1% | 11.4% |
| 2015–19 | 19.1% | 13.4% | 15.1% | 11.1% |
| 2020–24 | 38.3% | 13.6% | 14.4% | 9.6% |
| Change | +29.7 pts | −5.6 pts | +0.5 pts | −1.8 pts |
Vacant homes make up 38.3% of the housing in Lake Terrace and Oaks, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand. Of New Orleans' 49 neighborhoods, only two have a higher vacancy rate.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Lake Terrace and Oaks
| Period | Lake Terrace and Oaks | New Orleans area | Louisiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 1965 | 1968 | 1977 | 1974 |
| 2010–14 | 1974 | 1969 | 1979 | 1975 |
| 2015–19 | 1973 | 1969 | 1981 | 1977 |
| 2020–24 | 1987 | 1972 | 1984 | 1980 |
| Change | +22 | +4 | +7 | +6 |
Homes in Lake Terrace and Oaks are newer than the national norm: the median home was built in 1987, versus 1980 across the U.S. Few New Orleans neighborhoods have newer homes: only four of 49.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Lake Terrace and Oaks
| Period | Lake Terrace and Oaks | New Orleans area | Louisiana | U.S. |
|---|---|---|---|---|
| 2006–10 | $968 | $945 | $755 | $965 |
| 2010–14 | $641 | $973 | $831 | $1,040 |
| 2015–19 | $626 | $1,062 | $920 | $1,213 |
| 2020–24 | $949 | $1,334 | $1,122 | $1,571 |
| Change | −$20 | +$389 | +$366 | +$606 |
The median renter in Lake Terrace and Oaks pays $949 a month for rent and utilities, well below the national median of $1,571. Rent takes 39.5% of the typical renter's income, well over the 30% mark often used to define affordable rent, so many renters here are stretched. Lake Terrace and Oaks has the lowest rents of any New Orleans neighborhood.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Lake Terrace and Oaks
Bachelor's degrees in Lake Terrace and Oaks
| Period | Lake Terrace and Oaks | New Orleans area | Louisiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 67.9% | 25.0% | 22.0% | 28.4% |
| 2010–14 | 73.2% | 25.8% | 22.8% | 29.6% |
| 2015–19 | 70.1% | 29.1% | 24.5% | 32.1% |
| 2020–24 | 84.9% | 33.0% | 27.5% | 35.6% |
| Change | +17.0 pts | +8.0 pts | +5.5 pts | +7.2 pts |
College graduates are unusually common in Lake Terrace and Oaks: 84.9% of adults 25 and older have a bachelor's degree or higher, against 35.6% nationally. Education tends to track local incomes and the kinds of jobs nearby. Only one other New Orleans neighborhood has a higher share of college graduates.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Lake Terrace and Oaks
| Period | Lake Terrace and Oaks | New Orleans area | Louisiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 97.8% | 82.5% | 81.7% | 84.9% |
| 2010–14 | 99.7% | 83.8% | 83.3% | 86.1% |
| 2015–19 | 95.7% | 85.8% | 85.4% | 87.7% |
| 2020–24 | 99.8% | 87.2% | 87.2% | 89.3% |
| Change | +2.0 pts | +4.7 pts | +5.5 pts | +4.3 pts |
Finishing high school is nearly universal in Lake Terrace and Oaks: 99.8% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. Lake Terrace and Oaks has the highest share of high school graduates of any New Orleans neighborhood.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Lake Terrace and Oaks
| Period | Lake Terrace and Oaks | New Orleans area | Louisiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 4.8% | 9.3% | 7.9% | 8.1% |
| 2010–14 | 5.7% | 9.8% | 8.7% | 9.4% |
| 2015–19 | 1.1% | 6.9% | 6.7% | 5.6% |
| 2020–24 | 6.8% | 7.1% | 6.5% | 5.4% |
| Change | +2.0 pts | −2.2 pts | −1.4 pts | −2.7 pts |
Unemployment runs high in Lake Terrace and Oaks: 6.8% of the labor force was out of work and looking, against 5.4% nationally. That is in line with the rest of the New Orleans area. Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Lake Terrace and Oaks compared with nearby neighborhoods
| Neighborhood | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Lake Terrace and Oaks | 2.56 | 32.7 | 10.2% | 12.4% | 38.3% | 1987 | $949 | 84.9% | 99.8% | 6.8% |
| Saint Anthony | 2.19 | 40.1 | 19.5% | 61.3% | 13.4% | 1974 | $1,305 | 33.6% | 85.8% | 6.6% |
| Milneburg | 2.32 | 37.8 | 23.8% | 29.6% | 7.8% | 1961 | $1,497 | 37.1% | 90.5% | 11.7% |
| Fillmore | 2.72 | 39.5 | 10.5% | 14.2% | 10.2% | 1971 | $1,464 | 50.6% | 94.9% | 6.0% |
| Lake Shore | 2.48 | 52.8 | 3.1% | 8.5% | 4.4% | 1959 | $1,776 | 70.5% | 98.3% | 2.6% |
| Gentilly Terrace | 2.31 | 44.8 | 11.5% | 28.7% | 10.9% | 1954 | $1,130 | 36.5% | 90.8% | 11.1% |
| Dillard | 1.79 | 39.9 | 12.7% | 59.2% | 15.6% | 1958 | $1,112 | 22.4% | 93.6% | 3.5% |
| Gentilly Woods | 2.97 | 35.1 | 23.7% | 35.6% | 14.5% | 1968 | $1,071 | 39.5% | 95.5% | 1.4% |
| Lakeview | 2.82 | 36.8 | 8.1% | 21.0% | 8.0% | 1982 | $1,942 | 75.2% | 99.2% | 3.7% |
| Pines Village | 2.88 | 34.3 | 31.8% | 51.2% | 18.8% | 1973 | $1,233 | 11.6% | 74.4% | 31.9% |
| Fairgrounds | 1.95 | 44.3 | 10.0% | 53.3% | 19.9% | 1951 | $1,523 | 51.1% | 95.5% | 1.7% |
All figures 2020–24.
Neighborhoods with similar populations: Yalecrest, Salt Lake City, UT · Squak Mountain, Issaquah, WA · The Woodlands, Randallstown, MD · Coytesville, Fort Lee, NJ · Cloutier Court, Wilmington, DE · Cleveland Heights, Lakeland, FL · Central Eastside, Erie, PA · Centennial, Burlington, VT · Catonsville Heights, Catonsville, MD · Wailea, Kihei, HI
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Lake Terrace and Oaks. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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