Real Estate Appreciation for New Orleans Metairie Kenner, Lousiana: + 23.77%
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 + 23.77% (+ 5.94% yearly) between 1993 and the end of 1996.
The state of LA had + 21.94% total appreciation (+ 5.48% 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 + 8.33% 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% |
| 1996 | 1 | 107.56 | + 1.94% | + 7.77% |
| 1996 | 2 | 108.69 | + 1.05% | + 4.20% |
| 1996 | 3 | 109.46 | + 0.71% | + 2.83% |
| 1996 | 4 | 111.5 | + 1.86% | + 7.45% |
Lets look at Metairie, Lousiana, a city located in New Orleans Metairie Kenner, Lousiana MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 $89,000.00 in 1993, you could multiply by + 23.77%, add the gain and see the home should be worth $110,150.96 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 1993 to 1996:
+ 5.94%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
Zip Code in MSA: 70003 - METAIRIE, LA
MSA Pop: 1317541Zip Pop: 43455
Avg Value: 114500
County: JEFFERSON
Elev: 5
Region: South
Lat: 29.996136
Long: -90.215567