Real Estate Appreciation for New Orleans Metairie Kenner, Lousiana: + 20.54%
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.
Let's start by comparing New Orleans Metairie Kenner, Lousiana to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 20.54% (+ 6.85% yearly) for the New Orleans Metairie Kenner, Lousiana MSA.
The entire state of LA had + 15.72% appreciation (+ 5.24% yearly).
The New Orleans Metairie Kenner, Lousiana MSA beat out the state. by + 30.63% appreciation.
New-Orleans-Metairie-Kenner-LA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2002 | 2 | 142.98 | + 1.25% | + 5.01% |
| 2002 | 3 | 145.6 | + 1.83% | + 7.33% |
| 2002 | 4 | 147.82 | + 1.52% | + 6.10% |
| 2003 | 1 | 149.71 | + 1.28% | + 5.11% |
| 2003 | 2 | 151.55 | + 1.23% | + 4.92% |
| 2003 | 3 | 153.37 | + 1.20% | + 4.80% |
| 2003 | 4 | 157.19 | + 2.49% | + 9.96% |
| 2004 | 1 | 159.35 | + 1.37% | + 5.50% |
| 2004 | 2 | 162.75 | + 2.13% | + 8.53% |
| 2004 | 3 | 166.62 | + 2.38% | + 9.51% |
| 2004 | 4 | 170.21 | + 2.15% | + 8.62% |
If you need information on Hard Money Rehab Loans in Metairie, Lousiana look at 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 $106,000.00 in 2002, you could multiply by + 20.54%, add the gain and see the home should be worth $127,769.00 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 2002 to 2004:
+ 6.85%
Appreciation Comparisons
The top 5 performing MSAs from 2002 to 2004 were Riverside-San-Bernardino-Ontario-CA, Fresno-CA, Madera-CA, Yuba-City-CA, and Bakersfield-CA .
- Riverside-San-Bernardino-Ontario-CA increased + 73.90% from 2002 to the end of 2004
- Fresno-CA increased + 73.13% from 2002 to the end of 2004
- Madera-CA increased + 71.44% from 2002 to the end of 2004
- Yuba-City-CA increased + 68.71% from 2002 to the end of 2004
- Bakersfield-CA increased + 67.56% from 2002 to the end of 2004
In contrast, the worst 5 MSAs from 2002 to 2004 were Jackson-TN, Ogden-Clearfield-UT, Austin-Round-Rock-TX, Lafayette-IN, and Burlington-NC .
- Jackson-TN only increased + 4.30% between 2002 and 2004
- Ogden-Clearfield-UT only increased + 4.40% between 2002 and 2004
- Austin-Round-Rock-TX only increased + 4.43% between 2002 and 2004
- Lafayette-IN only increased + 4.95% between 2002 and 2004
- Burlington-NC only increased + 5.39% between 2002 and 2004
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