Metairie appreciation rates and housing market information

Metairie housing market information

With 145,852 people, 67,081 houses or apartments, and a median cost of homes of $255,400, Metairie real estate is some of the most expensive in Louisiana, although Metairie home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Metairie, accounting for 60.15% of the town's housing units. Other types of housing that are prevalent in Metairie include large apartment complexes or high rise apartments (24.12%), duplexes, homes converted to apartments, or other small apartment buildings (11.41%), and a few row houses and other attached homes (3.91%).

The most prevalent building size and type in Metairie are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 58.55% owning, and 36.27% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Metairie's housing was primarily built during this period, from the '40s through the '60s. A full 51.87% of the town's housing hails from this era. Other housing ages represented in Metairie include homes built between 1970-1994 (43.22%), and housing constructed from 1939 and earlier (2.94%). There's also some housing in Metairie built between 1995 and later (1.97%).

Metairie home appreciation rates

Real estate appreciation rates in Metairie have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.07% during the period.

Over the last year, Metairie appreciation rates have trailed the rest of the nation. In the last twelve months, Metairie's appreciation rate has been -0.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Metairie were at -0.23%, which equates to an annual appreciation rate of -0.92%.

Relative to Louisiana, our data show that Metairie's latest annual appreciation rate is higher than 24% of the other cities and towns in Louisiana.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Metairie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Metairie - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Metairie real estate investment or home purchase decisions.