Metairie, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Metairie Neighborhoods Since 2000




Metairie, LA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Metairie Housing Market Information

With 139,524 people, 59,557 houses or apartments, and a median cost of homes of $228,830, 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 61.21% of the town's housing units. Other types of housing that are prevalent in Metairie include large apartment complexes or high rise apartments ( 22.69%), duplexes, homes converted to apartments or other small apartment buildings ( 10.79%), and a few row houses and other attached homes ( 4.92%).

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 60.91% owning and 39.09% 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 ( 44.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.31%). There's also some housing in Metairie built before 1939 ( 3.06%).

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 4.17%, which ranks in the top 50% nationwide. This equates to an annual average Metairie house appreciation rate of 0.41%.

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 2.72%, 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 -1.40%, which equates to an annual appreciation rate of -5.49%.

Notably, Metairie's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Louisiana, our data show that Metairie's latest annual appreciation rate is higher than 70% 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:
$228,830

Metairie, LA HOME PRICES

Value Range
> $1,126,000 0.9
$845,001 - $1,126,000 1.2
$563,001 - $845,000 3.1
$451,001 - $563,000 3.5
$338,001 - $451,000 9.7
$225,001 - $338,000 33.1
$113,001 - $225,000 33.4
$56,001 - $113,000 11.1
$0 - $56,000 3.9

Very High for LA
High for Nation

Value Relative to Nation Value Relative to State
25.9990624633775 3.48432055749129

Number Of Homes And Apartments:
59,557

Metairie Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
47.08% 2.26% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,133 / per month

Homeownership Rate

Homeownership
Owners 60.91
Renters 39.09
Vacant 8.28

Housing Market Details

 

Age of Homes

AGE OF Metairie HOMES
2000 or Newer 4.3
1970 - 1999 48.2
1940 - 1969 44.4
1939 or Older 3.1

Types of Homes

TYPE OF Metairie HOMES
Single-Family 61.2
Townhomes 4.9
Small Apt. Buildings 10.8
Apt. Complexes 22.7
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Metairie HOMES
No Bedroom 2.72
1 Bedroom 14.56
2 Bedrooms 23.52
3 Bedrooms 41.89
4 Bedrooms 14.11
5 or more bedrooms 3.20