1997 to 2006 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.

Before we disect the appreciation within the MSA for this period, lets consider how New Orleans Metairie Kenner, Lousiana did compared to the state as a whole.

The New Orleans Metairie Kenner, Lousiana MSA property value change was + 87.59% (+ 8.76% yearly).

All of the property in LA averaged + 70.75% change in value (+ 7.08% yearly).

New-Orleans-Metairie-Kenner-LA

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2003-2006 Quarterly Detailed Appreciation
2000-2003 Quarterly Detailed Appreciation
1997-2000 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 $103,000.00 in 1997, you could multiply by + 87.59%, add the gain and see the home should be worth $193,222.60 in 2006. Home value is an important part of every mortgage transaction.

Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 1997 to 2006:
+ 8.76%

Appreciation Comparisons

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

The top 5 performing MSAs from 1997 to 2006 were Salinas-CA, Riverside-San-Bernardino-Ontario-CA, Merced-CA, Napa-CA, and San-Diego-Carlsbad-San-Marcos-CA .

Salinas-CA increased +247.53% from 1997 to the end of 2006
Riverside-San-Bernardino-Ontario-CA increased +237.10% from 1997 to the end of 2006
Merced-CA increased +219.89% from 1997 to the end of 2006
Napa-CA increased +218.67% from 1997 to the end of 2006
San-Diego-Carlsbad-San-Marcos-CA increased +216.82% from 1997 to the end of 2006

Zip Code in MSA: 70011 - METAIRIE, LA