1994 to 2002 New Orleans Metairie Kenner LA Real Estate Investment Appreciation

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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 + 52.50% (+ 5.83% yearly) from 1994 to 2002.

During the same time period, LA had + 48.77% (+ 5.42% yearly). You can see that the New Orleans Metairie Kenner, Lousiana MSA experienced higher appreciation in this case.

New-Orleans-Metairie-Kenner-LA

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation

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 $96,000.00 in 1994, you could multiply by + 52.50%, add the gain and see the home should be worth $146,401.73 in 2002. Home value is an important part of every mortgage transaction.

Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 1994 to 2002:
+ 5.83%

Appreciation Comparisons

The worst 5 MSAs from 1994 to 2002 were Honolulu-HI, Utica-Rome-NY, Binghamton-NY, Buffalo-Niagara-Falls-NY, and Rochester-NY .

Honolulu-HI only increased + 0.38% between 1994 and 2002
Utica-Rome-NY only increased + 11.21% between 1994 and 2002
Binghamton-NY only increased + 12.32% between 1994 and 2002
Buffalo-Niagara-Falls-NY only increased + 13.28% between 1994 and 2002
Rochester-NY only increased + 13.43% between 1994 and 2002

For a 9 year period, the top 5 performing MSAs of all time are Salinas-CA, Salinas-CA, Springfield-MA, Naples-Marco-Island-FL, and San-Diego-Carlsbad-San-Marcos-CA .

Salinas-CA increased +251.65% from 1997 thru 2005
Salinas-CA increased +229.40% from 1998 thru 2006
Springfield-MA increased +229.07% from 1981 thru 1989
Naples-Marco-Island-FL increased +227.32% from 1998 thru 2006
San-Diego-Carlsbad-San-Marcos-CA increased +218.50% from 1997 thru 2005

The worst perfoming MSAs ever for a 9 year period, were Midland-TX, Midland-TX, Lafayette-LA, Casper-WY, and Midland-TX .

Midland-TX lost - 34.76% from 1982 to 1990
Midland-TX lost - 32.77% from 1983 thru 1991
Lafayette-LA lost - 26.59% from 1982 thru 1990
Casper-WY lost - 26.42% from 1983 thru 1991
Midland-TX lost - 25.57% from 1984 thru 1992

Zip Code in MSA: 70010 - METAIRIE, LA