Metairie, LA—70003
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Metairie, LA
As of Oct '25, the median home price in Metairie, LA is $262,000, with a year-over-year change of -1.6%. This indicates that home prices in Metairie, LA are decreasing. According to Zillow, the 1-year price projection is -3.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $262,000 | -1.6% |
| Single Family | $265,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $174,000 | 11.5% |
3 Bed | $266,000 | 1.1% |
4 Bed | $337,000 | 1.5% |
| 5 Bed | $493,000 | 4.0% |
% of Housing Stock
Rental Trends — Metairie, LA
As of July '25, Rentcast reports the average rent in Metairie, LA is $1,970, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in Metairie, LA is studios: $850, 1-bedrooms: $865, 2-bedrooms: $1,490, 3-bedrooms: $2,130, 4-bedrooms: $2,650. The most common rental property sizes in Metairie, LA are 2-bedroom and 3-bedroom, accounting for 31.7% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,050 | $1,970 |
| Studio Rent | $850 | $850 |
| 1 Bed Rent | $925 | $865 |
| 2 Bed Rent | $1,450 | $1,490 |
| 3 Bed Rent | $2,100 | $2,130 |
| 4 Bed Rent | $2,500 | $2,650 |
% of Rental Stock
Property Listings — Metairie, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Metairie, LA is 68. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $315,000 | 7.0% |
Listing Count | 201 | 11.0% |
| Listings as % of Homes | 0.8% | 11.0% |
Days on Market | 68 | 3.0% |
Demographics — Metairie, LA
As of the latest ACS Survey released in 2023, Metairie, LA has a population of 39,700, which has decreased by -3.3% over the past 5 years. Metairie, LA is a moderately popular place for families, as children make up 18.2% of the population. The area has a moderately educated workforce, with 32.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,700 | -3.3% |
% Under 18 | 18.2% | -11.7% |
% Seniors | 21.6% | 20.0% |
% WFH | 9.9% | 147.5% |
% w/ College Degree | 32.5% | 5.9% |
As of the latest ACS Survey released in 2023, Metairie, LA is a predominantly white area, with 65.2% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Metairie, LA is hispanic, making up 18.5% of the population. Foreign-born residents account for 14.4% of the population in Metairie, LA, and this percentage has increased by 2.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.2% | -4.1% |
% Black | 7.9% | -35.2% |
% Hispanic | 18.5% | 21.7% |
% Asian | 4.9% | 19.5% |
% Foreign Born | 14.4% | 2.9% |
Mortgage and Risk — Metairie, LA
According to HUD data as of 2023, there were 531 mortgage originations in Metairie, LA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Metairie, LA. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 531 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Metairie, LA
As of 2024, the percent of homes in Metairie, LA under the Section 8 program is 6.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Metairie, LA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 230 |
Total Units Section 8 | 230 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 96.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $225 | $925 | $1,150 |
| 2 Bedroom | -$80 | $1,450 | $1,370 |
| 3 Bedroom | -$350 | $2,100 | $1,750 |
| 4 Bedroom | -$440 | $2,500 | $2,060 |
Affordability — Metairie, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $262,000 |
| Median Household Income | $76,200 |