Real Estate Appreciation for New Orleans Metairie Kenner, Lousiana: + 14.09%
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.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- New Orleans Metairie Kenner, Lousiana: + 14.09%
- State of LA: + 13.70%
- Difference: + 2.86%
New-Orleans-Metairie-Kenner-LA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1996 | 2 | 108.69 | + 1.05% | + 4.20% |
| 1996 | 3 | 109.46 | + 0.71% | + 2.83% |
| 1996 | 4 | 111.5 | + 1.86% | + 7.45% |
| 1997 | 1 | 112.13 | + 0.57% | + 2.26% |
| 1997 | 2 | 112.93 | + 0.71% | + 2.85% |
| 1997 | 3 | 114.96 | + 1.80% | + 7.19% |
| 1997 | 4 | 116.9 | + 1.69% | + 6.75% |
| 1998 | 1 | 118.44 | + 1.32% | + 5.27% |
| 1998 | 2 | 119.27 | + 0.70% | + 2.80% |
| 1998 | 3 | 121.58 | + 1.94% | + 7.75% |
| 1998 | 4 | 122.72 | + 0.94% | + 3.75% |
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 $94,000.00 in 1996, you could multiply by + 14.09%, add the gain and see the home should be worth $107,248.79 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 1996 to 1998:
+ 4.70%
Appreciation Comparisons
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
The top 5 performing MSAs from 1996 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Jackson-MI, Bay-City-MI, and Monroe-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 34.16% from 1996 to the end of 1998
- Santa-Cruz-Watsonville-CA increased + 22.04% from 1996 to the end of 1998
- Jackson-MI increased + 21.73% from 1996 to the end of 1998
- Bay-City-MI increased + 20.64% from 1996 to the end of 1998
- Monroe-MI increased + 20.48% from 1996 to the end of 1998
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