Real Estate Appreciation for New Orleans Metairie Kenner, Lousiana: +108.50%
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 +108.50% (+ 8.35% yearly) between 1993 and the end of 2005.
The state of LA had + 93.42% total appreciation (+ 7.19% 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 + 16.14% faster than the state as a whole.
New-Orleans-Metairie-Kenner-LA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
1993-1996 Quarterly Detailed Appreciation
If you want to learn more about fixing up and flipping property and Hard Money Rehab Loans check out Spec-Loan.com
If you were going to do a Arabi, Lousiana Refinance, or Arabi, Lousiana Reverse Mortgages, you could estimate your home value.
If you knew your Arabi, Lousiana home was worth $98,000.00 in 1993, you could multiply by +108.50%, add the gain and see the home should be worth $204,332.56 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 1993 to 2005:
+ 8.35%
Appreciation Comparisons
For a 13 year period, the top 5 performing MSAs of all time are San-Jose-Sunnyvale-Santa-Clara-CA, San-Jose-Sunnyvale-Santa-Clara-CA, Oxnard-Thousand-Oaks-Ventura-CA, Honolulu-HI, and Santa-Rosa-Petaluma-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased +365.89% from 1977 thru 1989
- San-Jose-Sunnyvale-Santa-Clara-CA increased +354.74% from 1976 thru 1988
- Oxnard-Thousand-Oaks-Ventura-CA increased +346.24% from 1977 thru 1989
- Honolulu-HI increased +322.63% from 1978 thru 1990
- Santa-Rosa-Petaluma-CA increased +285.59% from 1977 thru 1989
The worst perfoming MSAs ever for a 13 year period, were Midland-TX, Midland-TX, Midland-TX, Odessa-TX, and Odessa-TX .
- Midland-TX lost - 29.46% from 1982 to 1994
- Midland-TX lost - 24.49% from 1983 thru 1995
- Midland-TX lost - 18.51% from 1984 thru 1996
- Odessa-TX lost - 15.99% from 1984 thru 1996
- Odessa-TX lost - 10.08% from 1985 thru 1997
Zip Code in MSA: 70032 - ARABI, LA
MSA Pop: 1317541Zip Pop: 8092
Avg Value: 77800
County: SAINT BERNARD
Elev: 5
Region: South
Lat: 29.958641
Long: -89.998522