Real Estate Appreciation for New Orleans Metairie Kenner, Lousiana: + 8.85%
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.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze New Orleans Metairie Kenner, Lousiana MSA appreciation it was + 8.85% (+ 4.43% yearly) from 1994 to 1995.
During the same time period, LA had + 9.06% (+ 4.53% yearly).
From 1994 to 1995, Lousiana outperformed the individual New Orleans Metairie Kenner, Lousiana MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
New-Orleans-Metairie-Kenner-LA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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 $89,000.00 in 1994, you could multiply by + 8.85%, add the gain and see the home should be worth $96,878.06 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 1994 to 1995:
+ 4.43%
Appreciation Comparisons
The top 5 performing MSAs from 1994 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Logan-UT-ID, Ogden-Clearfield-UT, and Flagstaff-AZ-UT .
- Salt-Lake-City-UT increased + 24.08% from 1994 to the end of 1995
- Provo-Orem-UT increased + 23.82% from 1994 to the end of 1995
- Logan-UT-ID increased + 23.20% from 1994 to the end of 1995
- Ogden-Clearfield-UT increased + 23.19% from 1994 to the end of 1995
- Flagstaff-AZ-UT increased + 22.07% from 1994 to the end of 1995
In contrast, the worst 5 MSAs from 1994 to 1995 were Utica-Rome-NY, Binghamton-NY, Riverside-San-Bernardino-Ontario-CA, Kingston-NY, and Ithaca-NY .
- Utica-Rome-NY decreased by - 9.64% between 1994 and 1995
- Binghamton-NY decreased by - 8.46% between 1994 and 1995
- Riverside-San-Bernardino-Ontario-CA decreased by - 8.30% between 1994 and 1995
- Kingston-NY decreased by - 7.85% between 1994 and 1995
- Ithaca-NY decreased by - 7.18% between 1994 and 1995
Zip Code in MSA: 70001 - METAIRIE, LA
MSA Pop: 1317541Zip Pop: 39774
Avg Value: 131300
County: JEFFERSON
Elev: 5
Region: South
Lat: 29.984451
Long: -90.16609