1994 to 2003 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 + 62.17% (+ 6.22% yearly) from 1994 to 2003.

During the same time period, LA had + 56.07% (+ 5.61% 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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2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
1994-1997 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 Metairie, Lousiana Refinance, or Metairie, Lousiana Reverse Mortgages, you could estimate your home value.

If you knew your Metairie, Lousiana home was worth $97,000.00 in 1994, you could multiply by + 62.17%, add the gain and see the home should be worth $157,303.52 in 2003. Home value is an important part of every mortgage transaction.

Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 1994 to 2003:
+ 6.22%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1994 to 2003 were Honolulu-HI, Binghamton-NY, Elmira-NY, Rochester-NY, and Buffalo-Niagara-Falls-NY .

Honolulu-HI only increased + 13.60% between 1994 and 2003
Binghamton-NY only increased + 15.15% between 1994 and 2003
Elmira-NY only increased + 18.18% between 1994 and 2003
Rochester-NY only increased + 18.55% between 1994 and 2003
Buffalo-Niagara-Falls-NY only increased + 19.11% between 1994 and 2003

The worst perfoming MSAs ever for a 10 year period, were Midland-TX, Midland-TX, Lafayette-LA, Midland-TX, and Lafayette-LA .

Midland-TX lost - 34.73% from 1982 to 1991
Midland-TX lost - 31.11% from 1983 thru 1992
Lafayette-LA lost - 22.75% from 1982 thru 1991
Midland-TX lost - 22.05% from 1984 thru 1993
Lafayette-LA lost - 21.25% from 1983 thru 1992

Zip Code in MSA: 70011 - METAIRIE, LA