1999 to 2001 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 first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case New Orleans Metairie Kenner, Lousiana MSA appreciated + 13.29% (+ 4.43% yearly) for the period between 1999 and the end of 2001.

The state had + 12.16% total appreciation (+ 4.05% yearly). The New Orleans Metairie Kenner, Lousiana MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.

New-Orleans-Metairie-Kenner-LA

Year	Quarter	Price Index	Quarter Increase or Decrease	Annualized
1999	2	125.14	+ 0.88%	+ 3.51%
1999	3	125.75	+ 0.49%	+ 1.95%
1999	4	126.14	+ 0.31%	+ 1.24%
2000	1	128.44	+ 1.82%	+ 7.29%
2000	2	128.97	+ 0.41%	+ 1.65%
2000	3	130.73	+ 1.36%	+ 5.46%
2000	4	132	+ 0.97%	+ 3.89%
2001	1	136	+ 3.03%	+ 12.12%
2001	2	137.92	+ 1.41%	+ 5.65%
2001	3	138.83	+ 0.66%	+ 2.64%
2001	4	140.54	+ 1.23%	+ 4.93%

Lets look at Metairie, Lousiana, a city located in New Orleans Metairie Kenner, Lousiana MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate 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 $100,000.00 in 1999, you could multiply by + 13.29%, add the gain and see the home should be worth $113,293.03 in 2001. Home value is an important part of every mortgage transaction.

Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 1999 to 2001:
+ 4.43%

Appreciation Comparisons

The top 5 performing MSAs from 1999 to 2001 were Salinas-CA, Santa-Rosa-Petaluma-CA, Vallejo-Fairfield-CA, Barnstable-Town-MA, and Santa-Cruz-Watsonville-CA .

Salinas-CA increased + 55.48% from 1999 to the end of 2001
Santa-Rosa-Petaluma-CA increased + 53.43% from 1999 to the end of 2001
Vallejo-Fairfield-CA increased + 52.75% from 1999 to the end of 2001
Barnstable-Town-MA increased + 51.91% from 1999 to the end of 2001
Santa-Cruz-Watsonville-CA increased + 51.50% from 1999 to the end of 2001

In contrast, the worst 5 MSAs from 1999 to 2001 were Lawton-OK, Coeur-d'Alene-ID, Ogden-Clearfield-UT, Midland-TX, and Wenatchee-WA .

Lawton-OK only increased + 2.84% between 1999 and 2001
Coeur-d'Alene-ID only increased + 3.13% between 1999 and 2001
Ogden-Clearfield-UT only increased + 4.00% between 1999 and 2001
Midland-TX only increased + 4.01% between 1999 and 2001
Wenatchee-WA only increased + 4.09% between 1999 and 2001

Zip Code in MSA: 70002 - METAIRIE, LA