Metairie, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (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, 60,458 houses or apartments, and a median cost of homes of $237,576, 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 61.95% of the town's housing units. Other types of housing that are prevalent in Metairie include large apartment complexes or high rise apartments ( 22.85%), duplexes, homes converted to apartments or other small apartment buildings ( 10.64%), and a few row houses and other attached homes ( 3.96%).

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 61.52% owning and 38.48% 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 ( 44.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.50%). There's also some housing in Metairie built before 1939 ( 2.50%).

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 20.09%, which ranks in the top 50% nationwide. This equates to an annual average Metairie house appreciation rate of 1.85%.

NeighborhoodScout's data show that during the latest twelve months, Metairie's appreciation rate, at 3.23%, has been at or slightly above the national average. In the latest quarter, Metairie's appreciation rate has been 2.77%, which annualizes to a rate of 11.56%.

Importantly, NeighborhoodScout’s exclusive research found that Metairie's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

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:
$237,576

Metairie, LA HOME PRICES

Value Range
> $1,151,000 1.1
$864,001 - $1,151,000 1.5
$575,001 - $864,000 3.9
$460,001 - $575,000 5.1
$345,001 - $460,000 10.4
$230,001 - $345,000 32.6
$115,001 - $230,000 31.9
$58,001 - $115,000 9.7
$0 - $58,000 3.8

Very High for LA
High for Nation

Value Relative to Nation Value Relative to State
29.3430656934307 5.88235294117647

Number Of Homes And Apartments:
60,458

Metairie Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
60.11% 2.44%
4
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,344 / per month

Homeownership Rate

Homeownership
Owners 61.52
Renters 38.48
Vacant 6.90

Housing Market Details

 

Age of Homes

AGE OF Metairie HOMES
2000 or Newer 5.5
1970 - 1999 47.5
1940 - 1969 44.6
1939 or Older 2.5

Types of Homes

TYPE OF Metairie HOMES
Single-Family 61.9
Townhomes 4.0
Small Apt. Buildings 10.6
Apt. Complexes 22.9
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Metairie HOMES
No Bedroom 3.12
1 Bedroom 13.23
2 Bedrooms 24.42
3 Bedrooms 40.27
4 Bedrooms 15.49
5 or more bedrooms 3.46