Real Estate Appreciation for New Orleans Metairie Kenner, Lousiana: + 13.69%
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.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The New Orleans Metairie Kenner, Lousiana MSA appreciated + 13.69% (+ 6.85% yearly) between 2003 and the end of 2004.
The state of LA had + 9.99% total appreciation (+ 4.99% yearly).
The New Orleans Metairie Kenner, Lousiana MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 37.08% faster than the state as a whole.
New-Orleans-Metairie-Kenner-LA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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 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 $107,000.00 in 2003, you could multiply by + 13.69%, add the gain and see the home should be worth $121,651.66 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 2003 to 2004:
+ 6.85%
Appreciation Comparisons
The top 5 performing MSAs from 2003 to 2004 were Las-Vegas-Paradise-NV, Riverside-San-Bernardino-Ontario-CA, Bakersfield-CA, Madera-CA, and Fresno-CA .
- Las-Vegas-Paradise-NV increased + 54.53% from 2003 to the end of 2004
- Riverside-San-Bernardino-Ontario-CA increased + 51.05% from 2003 to the end of 2004
- Bakersfield-CA increased + 50.02% from 2003 to the end of 2004
- Madera-CA increased + 48.31% from 2003 to the end of 2004
- Fresno-CA increased + 47.99% from 2003 to the end of 2004
Zip Code in MSA: 70001 - METAIRIE, LA
MSA Pop: 1317541Zip Pop: 39774
Avg Value: 131300
County: JEFFERSON
Elev: 5
Region: South
Lat: 29.984451
Long: -90.16609