New Orleans-Metairie Metro Area, LA Housing

The housing market in New Orleans-Metairie, LA Metro Area is performing strongly. The median value of houses is $246,500 which is lower than the US house median value of $338,100 but has seen greater 1 year appreciation than the national average at 8.36%. This indicates that housing prices are increasing faster in this area compared to the rest of the country. The current trend points to potential for further growth in the future and could be an attractive option for those looking to invest in real estate.

The median home cost in New Orleans-Metairie Metro Area is $246,500. Home appreciation the last 10 years has been 64.2%. Home Appreciation in New Orleans-Metairie Metro Area is up 11.7%.

Average Age of Homes

- The median age of New Orleans-Metairie Metro Area real estate is 43 years old

The Rental Market in New Orleans-Metairie Metro Area

- Renters make up 32.4% of the New Orleans-Metairie Metro Area population
- 2.4% of houses and apartments in New Orleans-Metairie Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	New Orleans-Metairie, Louisiana	United States
	569,281.0	139,647,020.0
	46	42
	$246,500	$338,100
	11.7%	16.6%
	37.4%	57.0%
	64.2%	101.1%
	$6.46	$10.98
	$1,393	$2,690
	54.9%	57.4%
	13.0%	11.2%
	32.1%	31.4%
Vacant Housing
	2.4%	1.9%
	0.5%	0.4%
	0.8%	0.7%
	0.2%	0.4%
	2.6%	3.6%
	6.5%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	1.2%	2.4%
	1.3%	2.8%
	2.7%	3.9%
	3.9%	4.5%
	14.5%	11.3%
	20.1%	13.0%
	25.7%	20.1%
	13.3%	13.6%
	5.8%	8.3%
	5.8%	9.7%
	1.7%	3.9%
	1.1%	2.2%
	0.3%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	12.1%	13.6%
	12.1%	13.6%
	10.0%	13.6%
	13.3%	13.2%
	19.0%	14.8%
	10.0%	13.6%
	9.7%	10.0%
	4.6%	4.7%
	13.0%	12.2%

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Susan · New Orleans, LA

Hell

Over 6 years ago

New Orleans is like an abusive partner that pushes you to the ground, only to kick you in your gut twice as hard the second time around. During the hurricane season, More

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