Real Estate Appreciation for New Orleans Metairie Kenner, Lousiana: + 17.12%
Appreciation for MSAs:.
New Orleans Property Rehab
New Orleans is a great place for Real Estate Investors with all of the Rehab Properties available. Rehab properties present a great opportunity to buy real estate at a discount, complete some improvements and turn a nice profit. The key to successful Rehab in New Orleans is the right financing. There are a lot of Hard Money Rehab options available for New Orleans, and with the right appreciation it may even be worth holding as a long term investment. Most Hard Money Rehab lenders will allow you to finance 100% of Acquisition, Repairs, Closing Costs and sometimes interest payments. Although Hard Money Rehab Loans can be expensive they are a great way to take advantage of opportunities like the ones available in New Orleans.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The New Orleans Metairie Kenner, Lousiana MSA appreciated + 17.12% (+ 5.71% yearly) between 1993 and the end of 1995.
The state of LA had + 16.39% total appreciation (+ 5.46% yearly).
The New Orleans Metairie Kenner, Lousiana MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 4.46% faster than the state as a whole.
New-Orleans-Metairie-Kenner-LA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 91.82 | + 1.92% | + 7.68% |
| 1993 | 3 | 93.52 | + 1.85% | + 7.41% |
| 1993 | 4 | 95.03 | + 1.61% | + 6.46% |
| 1994 | 1 | 96.93 | + 2.00% | + 8.00% |
| 1994 | 2 | 98.56 | + 1.68% | + 6.73% |
| 1994 | 3 | 99.19 | + 0.64% | + 2.56% |
| 1994 | 4 | 98.62 | - 0.57% | - 2.30% |
| 1995 | 1 | 100 | + 1.40% | + 5.60% |
| 1995 | 2 | 102.56 | + 2.56% | + 10.24% |
| 1995 | 3 | 103.71 | + 1.12% | + 4.49% |
| 1995 | 4 | 105.51 | + 1.74% | + 6.94% |
Some of the ways peope use our appreciation data for New Orleans Metairie Kenner, Lousiana include real estate investment .
Lets look at Metairie, Lousiana, a city located in New Orleans Metairie Kenner, Lousiana MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Lousiana check out Spec-Loan.com
If you were going to do a Metairie, Lousiana Refinance, or Metairie, Lousiana Reverse Mortgages, you could estimate your home value.
If you knew your Metairie, Lousiana home was worth $88,000.00 in 1993, you could multiply by + 17.12%, add the gain and see the home should be worth $103,062.27 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 1993 to 1995:
+ 5.71%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Fort-Collins-Loveland-CO .
- Salt-Lake-City-UT increased + 44.61% from 1993 to the end of 1995
- Provo-Orem-UT increased + 44.36% from 1993 to the end of 1995
- Ogden-Clearfield-UT increased + 40.83% from 1993 to the end of 1995
- Logan-UT-ID increased + 36.47% from 1993 to the end of 1995
- Fort-Collins-Loveland-CO increased + 35.31% from 1993 to the end of 1995
In contrast, the worst 5 MSAs from 1993 to 1995 were Riverside-San-Bernardino-Ontario-CA, Binghamton-NY, Kingston-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .
- Riverside-San-Bernardino-Ontario-CA decreased by - 12.41% between 1993 and 1995
- Binghamton-NY decreased by - 10.14% between 1993 and 1995
- Kingston-NY decreased by - 9.24% between 1993 and 1995
- Utica-Rome-NY decreased by - 9.14% between 1993 and 1995
- Sacramento-Arden-Arcade-Roseville-CA decreased by - 7.65% between 1993 and 1995
Zip Code in MSA: 70002 - METAIRIE, LA
MSA Pop: 1317541Zip Pop: 19423
Avg Value: 179200
County: JEFFERSON
Elev: 5
Region: South
Lat: 30.0078
Long: -90.1615