Metairie Heights, New Orleans, LA—70124
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Metairie Heights, New Orleans, LA
As of Oct '25, the median home price in Metairie Heights, New Orleans, LA is $492,000, with a year-over-year change of -0.8%. This indicates that home prices in Metairie Heights, New Orleans, LA are flat. According to Zillow, the 1-year price projection is -3.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $492,000 | -0.8% |
| Single Family | $502,000 | -0.6% |
| Condos | $236,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $217,000 | 2.4% |
2 Bed | $330,000 | 0.0% |
3 Bed | $456,000 | -0.7% |
4 Bed | $633,000 | 0.2% |
| 5 Bed | $734,000 | -0.3% |
% of Housing Stock
Rental Trends — Metairie Heights, New Orleans, LA
As of July '25, Rentcast reports the average rent in Metairie Heights, New Orleans, LA is $2,360, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Metairie Heights, New Orleans, LA is studios: $1,320, 1-bedrooms: $1,460, 2-bedrooms: $1,910, 3-bedrooms: $2,680, 4-bedrooms: $3,950. The most common rental property sizes in Metairie Heights, New Orleans, LA are 2-bedroom and 3-bedroom, accounting for 42.7% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,360 |
| Studio Rent | $1,300 | $1,320 |
| 1 Bed Rent | $1,350 | $1,460 |
| 2 Bed Rent | $1,800 | $1,910 |
| 3 Bed Rent | $2,400 | $2,680 |
| 4 Bed Rent | $3,750 | $3,950 |
% of Rental Stock
Property Listings — Metairie Heights, New Orleans, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Metairie Heights, New Orleans, LA is 85. This is a increase of 2.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $570,000 | -5.0% |
Listing Count | 186 | -15.0% |
| Listings as % of Homes | 1.6% | -15.0% |
Days on Market | 85 | 2.0% |
Demographics — Metairie Heights, New Orleans, LA
As of the latest ACS Survey released in 2023, Metairie Heights, New Orleans, LA has a population of 20,800, which has remained stable by 1.0% over the past 5 years. Metairie Heights, New Orleans, LA is a moderately popular place for families, as children make up 24.4% of the population. The area has a highly educated workforce, with 70.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,800 | 1.0% |
% Under 18 | 24.4% | 11.4% |
% Seniors | 17.8% | 29.9% |
% WFH | 17.6% | 198.3% |
% w/ College Degree | 70.0% | 5.9% |
As of the latest ACS Survey released in 2023, Metairie Heights, New Orleans, LA is a predominantly white area, with 75.3% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Metairie Heights, New Orleans, LA is hispanic, making up 14.5% of the population. Foreign-born residents account for 4.5% of the population in Metairie Heights, New Orleans, LA, and this percentage has decreased by 25.0% 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 | 75.3% | -9.7% |
% Black | 4.5% | -26.2% |
% Hispanic | 14.5% | 141.7% |
% Asian | 2.2% | -33.3% |
% Foreign Born | 4.5% | -25.0% |
Mortgage and Risk — Metairie Heights, New Orleans, LA
According to HUD data as of 2023, there were 363 mortgage originations in Metairie Heights, New Orleans, LA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Metairie Heights, New Orleans, LA. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 363 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Metairie Heights, New Orleans, LA
As of 2024, the percent of homes in Metairie Heights, New Orleans, LA under the Section 8 program is 3.2%. 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 and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Metairie Heights, New Orleans, LA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 72 |
Total Units Section 8 | 72 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $1,350 | $1,730 |
| 2 Bedroom | $270 | $1,800 | $2,070 |
| 3 Bedroom | $250 | $2,400 | $2,650 |
| 4 Bedroom | -$640 | $3,750 | $3,110 |
Affordability — Metairie Heights, New Orleans, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $492,000 |
| Median Household Income | $121,000 |