Real Estate Appreciation for New Orleans Metairie Kenner, Lousiana: + 15.03%
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 + 15.03% (+ 5.01% yearly) from 1994 to 1996.
During the same time period, LA had + 14.26% (+ 4.75% yearly).
You can see that the New Orleans Metairie Kenner, Lousiana MSA experienced higher appreciation in this case.
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% |
| 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% |
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 $90,000.00 in 1994, you could multiply by + 15.03%, add the gain and see the home should be worth $103,528.32 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 1994 to 1996:
+ 5.01%
Appreciation Comparisons
The top 5 performing MSAs from 1994 to 1996 were Salt-Lake-City-UT, Ogden-Clearfield-UT, Provo-Orem-UT, Logan-UT-ID, and Pueblo-CO .
- Salt-Lake-City-UT increased + 33.67% from 1994 to the end of 1996
- Ogden-Clearfield-UT increased + 32.69% from 1994 to the end of 1996
- Provo-Orem-UT increased + 30.79% from 1994 to the end of 1996
- Logan-UT-ID increased + 29.11% from 1994 to the end of 1996
- Pueblo-CO increased + 27.92% from 1994 to the end of 1996
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
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