Metairie, LA—70005
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 $397,000, with a year-over-year change of -3.9%. This indicates that home prices in Metairie, LA are decreasing. According to Zillow, the 1-year price projection is -3.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $397,000 | -3.9% |
| Single Family | $406,000 | -4.7% |
| Condos | $252,000 | -12.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $302,000 | 2.7% |
3 Bed | $390,000 | 0.5% |
4 Bed | $733,000 | 4.0% |
| 5 Bed | $1,186,000 | 2.3% |
% of Housing Stock
Rental Trends — Metairie, LA
As of July '25, Rentcast reports the average rent in Metairie, LA is $2,190, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Metairie, LA is 1-bedrooms: $1,390, 2-bedrooms: $1,950, 3-bedrooms: $2,550, 4-bedrooms: $3,250. The most common rental property sizes in Metairie, LA are 2-bedroom and 1-bedroom, accounting for 34.2% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,390 |
| 2 Bed Rent | $1,800 | $1,950 |
| 3 Bed Rent | $2,200 | $2,550 |
| 4 Bed Rent | $2,600 | $3,250 |
% 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 67. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $488,000 | -2.0% |
Listing Count | 144 | -14.0% |
| Listings as % of Homes | 1.1% | -14.0% |
Days on Market | 67 | -2.0% |
Demographics — Metairie, LA
As of the latest ACS Survey released in 2023, Metairie, LA has a population of 23,300, which has decreased by -7.7% over the past 5 years. Metairie, LA is a moderately popular place for families, as children make up 18.8% of the population. The area has a highly educated workforce, with 50.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,300 | -7.7% |
% Under 18 | 18.8% | 3.3% |
% Seniors | 26.5% | 19.4% |
% WFH | 11.5% | 161.4% |
% w/ College Degree | 50.2% | 5.2% |
As of the latest ACS Survey released in 2023, Metairie, LA is a predominantly white area, with 80.7% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Metairie, LA is hispanic, making up 12.8% of the population. Foreign-born residents account for 8.9% of the population in Metairie, LA, and this percentage has decreased by 20.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.7% | -1.8% |
% Black | 1.2% | -55.6% |
% Hispanic | 12.8% | 14.3% |
% Asian | 1.7% | -32.0% |
% Foreign Born | 8.9% | -20.5% |
Mortgage and Risk — Metairie, LA
According to HUD data as of 2023, there were 335 mortgage originations in Metairie, LA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Metairie, LA. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 335 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Metairie, LA
As of 2024, the percent of homes in Metairie, LA under the Section 8 program is 0.4%. 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. In Metairie, LA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $1,350 | $1,220 |
| 2 Bedroom | -$340 | $1,800 | $1,460 |
| 3 Bedroom | -$330 | $2,200 | $1,870 |
| 4 Bedroom | -$410 | $2,600 | $2,190 |
Affordability — Metairie, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $397,000 |
| Median Household Income | $86,000 |