The housing market in Metairie, LA (zip code 70005) appears to be performing well and has increased in value significantly over the last year. The median housing value is currently $368,600 which is much higher than the US median house value of $338,100. Additionally, the appreciation rate for homes over the past year in Metairie stands at 9.06%, indicating that the local market has seen a greater increase in values than the nationwide average of 8.27%. This suggests that real estate investments in Metairie could prove to be quite profitable for homeowners and investors alike.
The median home cost in Metairie (zip 70005) is $368,600. Home appreciation the last 10 years has been 61.9%. Home Appreciation in Metairie (zip 70005) is up 12.3%.
Average Age of Homes
- The median age of Metairie (zip 70005) real estate is 49 years old
The Rental Market in Metairie (zip 70005)
- Renters make up 33.5% of the Metairie (zip 70005) population
- 2.1% of houses and apartments in Metairie (zip 70005), 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.