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 + 26.72% (+ 5.34% yearly) for the period between 1999 and the end of 2003.

The state had + 23.16% total appreciation (+ 4.63% 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

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2000-2003 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 $102,000.00 in 1999, you could multiply by + 26.72%, add the gain and see the home should be worth $129,249.33 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 1999 to 2003:
+ 5.34%

Appreciation Comparisons

The top 5 performing MSAs from 1999 to 2003 were Barnstable-Town-MA, Napa-CA, San-Luis-Obispo-Paso-Robles-CA, Vallejo-Fairfield-CA, and Salinas-CA .

  1. Barnstable-Town-MA increased +102.31% from 1999 to the end of 2003
  2. Napa-CA increased + 97.58% from 1999 to the end of 2003
  3. San-Luis-Obispo-Paso-Robles-CA increased + 94.52% from 1999 to the end of 2003
  4. Vallejo-Fairfield-CA increased + 94.15% from 1999 to the end of 2003
  5. Salinas-CA increased + 91.44% from 1999 to the end of 2003

For a 5 year period, the top 5 performing MSAs of all time are San-Jose-Sunnyvale-Santa-Clara-CA, Worcester-MA, Fresno-CA, Madera-CA, and Yuba-City-CA .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased +139.57% from 1976 thru 1980
  2. Worcester-MA increased +138.82% from 1982 thru 1986
  3. Fresno-CA increased +137.23% from 2001 thru 2005
  4. Madera-CA increased +136.99% from 2001 thru 2005
  5. Yuba-City-CA increased +136.08% from 2001 thru 2005

Zip Code in MSA: 70004 - METAIRIE, LA

MSA Pop: 1317541
Zip Pop: 0
Avg Value: 0
County: JEFFERSON
Elev: 5
Region: South
Lat: 29.997601
Long: -90.177396