2004 to 2005 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 state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze New Orleans Metairie Kenner, Lousiana MSA appreciation it was + 17.88% (+ 8.94% yearly) from 2004 to 2005.

During the same time period, LA had + 14.94% (+ 7.47% yearly). You can see that the New Orleans Metairie Kenner, Lousiana MSA experienced higher appreciation in this case.

New-Orleans-Metairie-Kenner-LA

Year	Quarter	Price Index	Quarter Increase or Decrease	Annualized
2004	2	162.75	+ 2.13%	+ 8.53%
2004	3	166.62	+ 2.38%	+ 9.51%
2004	4	170.21	+ 2.15%	+ 8.62%
2005	1	171.84	+ 0.96%	+ 3.83%
2005	2	175.81	+ 2.31%	+ 9.24%
2005	3	179.86	+ 2.30%	+ 9.21%
2005	4	187.84	+ 4.44%	+ 17.75%

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 $109,000.00 in 2004, you could multiply by + 17.88%, add the gain and see the home should be worth $128,487.98 in 2005. Home value is an important part of every mortgage transaction.

Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 2004 to 2005:
+ 8.94%

Appreciation Comparisons

The top 5 performing MSAs from 2004 to 2005 were Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 to the end of 2005
Naples-Marco-Island-FL increased + 64.37% from 2004 to the end of 2005
Bakersfield-CA increased + 63.04% from 2004 to the end of 2005
Visalia-Porterville-CA increased + 62.28% from 2004 to the end of 2005
Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 to the end of 2005

In contrast, the worst 5 MSAs from 2004 to 2005 were Burlington-NC, Jonesboro-AR, Lafayette-IN, Rocky-Mount-NC, and Youngstown-Warren-Boardman-OH-PA .

Burlington-NC only increased + 0.60% between 2004 and 2005
Jonesboro-AR only increased + 2.06% between 2004 and 2005
Lafayette-IN only increased + 2.12% between 2004 and 2005
Rocky-Mount-NC only increased + 2.82% between 2004 and 2005
Youngstown-Warren-Boardman-OH-PA only increased + 3.78% between 2004 and 2005

Zip Code in MSA: 70001 - METAIRIE, LA