Metairie, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Metairie Neighborhoods Since 2000




Metairie, LA Real Estate Data


Metairie Housing Market Information

With 139,524 people, 58,759 houses or apartments, and a median cost of homes of $257,417, 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 60.87% of the town's housing units. Other types of housing that are prevalent in Metairie include large apartment complexes or high rise apartments ( 22.48%), duplexes, homes converted to apartments or other small apartment buildings ( 10.99%), and a few row houses and other attached homes ( 5.17%).

The most prevalent building size and type in Metairie are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.60% owning and 38.40% renting.

There is a lot of housing in Metairie built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Metairie built between 1940-1969 ( 44.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 3.93%). There's also some housing in Metairie built before 1939 ( 2.92%).

Metairie Home Appreciation Rates

Appreciation rates for homes in Metairie have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.42%, which ranks in the top 40% nationwide. This equates to an annual average Metairie house appreciation rate of 0.72%.

Appreciation rates are so strong in Metairie that despite a nationwide downturn in the housing market, Metairie real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Metairie appreciation rates continue to be some of the highest in America, at 7.48%, which is higher than appreciation rates in 88.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Metairie. Metairie appreciation rates in the latest quarter were at 2.47%, which equates to an annual appreciation rate of 10.24%.

Relative to Louisiana, our data show that Metairie's latest annual appreciation rate is higher than 90% 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 2000, to assist you in making the best Metairie real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$257,417

Metairie, LA HOME PRICES

Value Range
> $1,177,000 0.9
$883,001 - $1,177,000 1.2
$588,001 - $883,000 3.2
$471,001 - $588,000 2.9
$353,001 - $471,000 9.4
$235,001 - $353,000 32.9
$118,001 - $235,000 34.5
$59,001 - $118,000 10.6
$0 - $59,000 4.3

Very High for LA
High for Nation

Value Relative to Nation Value Relative to State
21.9535047139427 2.08333333333333

Number Of Homes And Apartments:
58,759

Rent & Ownership

 

Average Market Rent:
$1,281 / per month

Homeownership Rate

Homeownership
Owners 61.60
Renters 38.40
Vacant 8.87

Housing Market Details

 

Age of Homes

AGE OF Metairie HOMES
2000 or Newer 3.9
1970 - 1999 48.2
1940 - 1969 44.9
1939 or Older 2.9

Types of Homes

TYPE OF Metairie HOMES
Single-Family 60.9
Townhomes 5.2
Small Apt. Buildings 11.0
Apt. Complexes 22.5
Mobile Homes 0.4
Other 0.1

Home Size

SIZE OF Metairie HOMES
No Bedroom 2.64
1 Bedroom 14.38
2 Bedrooms 24.07
3 Bedrooms 41.94
4 Bedrooms 14.04
5 or more bedrooms 2.93

Metairie Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
50.66% 2.44% 3 6
* 10 is highest