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Metairie, LA Real Estate Market

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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Metairie, LA Housing Market Trends

With 143,507 people, 59,342 houses or apartments, and a median cost of homes of $294,469, 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 61.37% of the town's housing units. Other types of housing that are prevalent in Metairie include large apartment complexes or high rise apartments ( 23.03%), duplexes, homes converted to apartments or other small apartment buildings ( 11.23%), and a few row houses and other attached homes ( 3.73%).

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 62.42% owning and 37.58% 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 46.84% of the town's housing hails from this era. Other housing ages represented in Metairie include homes built between 1970-1999 ( 44.19%) and housing constructed between 2000 and later ( 6.54%). There's also some housing in Metairie built before 1939 ( 2.42%).

Metairie Home Appreciation Rates

Real estate appreciation rates in Metairie's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.62% 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 10.66%, 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 2.87%, which equates to an annual appreciation rate of 11.98%.

Relative to Louisiana, our data show that Metairie's latest annual appreciation rate is lower than 50% 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:
$294,469

Metairie, LA HOME PRICES

> $1,272,000
$954,001 - $1,272,000
$636,001 - $954,000
$509,001 - $636,000
$381,001 - $509,000
$255,001 - $381,000
$127,001 - $255,000
$64,001 - $127,000
$0 - $64,000
1.4%
1.4%
2.4%
2.4%
4.9%
4.9%
4.8%
4.8%
14.5%
14.5%
35.0%
35.0%
25.2%
25.2%
9.8%
9.8%
2.2%
2.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for LA

Value Relative To Nation

Number Of Homes And Apartments:
59,342

Metairie Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
102.75% 3.19%
6
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,461 / per month

Homeownership Rate

Owners
Renters
Vacant
62.4%
62.4%
37.6%
37.6%
7.5%
7.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.5%
6.5%
44.2%
44.2%
46.8%
46.8%
2.4%
2.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.4%
61.4%
3.7%
3.7%
11.2%
11.2%
23.0%
23.0%
0.6%
0.6%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.2%
3.2%
12.6%
12.6%
23.2%
23.2%
42.0%
42.0%
16.1%
16.1%
2.9%
2.9%
0.0% 100.0%
% OF HOMES