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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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%).
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2019 Q2
|* 10 is highest|
|AGE OF Metairie HOMES|
|2000 or Newer||5.5|
|1970 - 1999||47.5|
|1940 - 1969||44.6|
|1939 or Older||2.5|
|TYPE OF Metairie HOMES|
|Small Apt. Buildings||10.6|
|SIZE OF Metairie HOMES|
|5 or more bedrooms||3.46|