The housing market in 70001 Metairie, LA is doing well as the median value of homes is $297,000, which is higher than the US house median value of $338,100. Furthermore, this area has had a one year rate of appreciation of 9.06%, which is higher than the US house appreciation rate of 8.27%. Therefore, it can be concluded that the real estate market in 70001 Metairie, LA is currently favorable for potential buyers and investors.
The median home cost in Metairie (zip 70001) is $297,000. Home appreciation the last 10 years has been 61.9%. Home Appreciation in Metairie (zip 70001) is up 12.3%.
Average Age of Homes
- The median age of Metairie (zip 70001) real estate is 44 years old
The Rental Market in Metairie (zip 70001)
- Renters make up 46.1% of the Metairie (zip 70001) population
- 2.4% of houses and apartments in Metairie (zip 70001), 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.