Metairie, LA—70001
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 $313,000, with a year-over-year change of 3.1%. This indicates that home prices in Metairie, LA are increasing. According to Zillow, the 1-year price projection is -3.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $313,000 | 3.1% |
| Single Family | $319,000 | 3.9% |
| Condos | $119,000 | -6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $229,000 | 9.0% |
3 Bed | $320,000 | 2.6% |
4 Bed | $442,000 | 2.6% |
| 5 Bed | $616,000 | 2.0% |
% of Housing Stock
Rental Trends — Metairie, LA
As of July '25, Rentcast reports the average rent in Metairie, LA is $1,950, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Metairie, LA is studios: $1,500, 1-bedrooms: $1,260, 2-bedrooms: $1,630, 3-bedrooms: $2,230, 4-bedrooms: $2,880. The most common rental property sizes in Metairie, LA are 2-bedroom and 1-bedroom, accounting for 34.3% and 30.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,950 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $1,200 | $1,260 |
| 2 Bed Rent | $1,550 | $1,630 |
| 3 Bed Rent | $2,200 | $2,230 |
| 4 Bed Rent | $2,500 | $2,880 |
% 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 78. This is a increase of 16.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $339,000 | -8.0% |
Listing Count | 176 | 19.0% |
| Listings as % of Homes | 0.4% | 19.0% |
Days on Market | 78 | 16.0% |
Demographics — Metairie, LA
As of the latest ACS Survey released in 2023, Metairie, LA has a population of 39,200, which has remained stable by 0.8% over the past 5 years. Metairie, LA is a moderately popular place for families, as children make up 21.4% of the population. The area has a moderately educated workforce, with 37.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,200 | 0.8% |
% Under 18 | 21.4% | 13.8% |
% Seniors | 18.8% | 5.0% |
% WFH | 9.8% | 216.1% |
% w/ College Degree | 37.4% | 19.1% |
As of the latest ACS Survey released in 2023, Metairie, LA is a predominantly white area, with 61.9% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Metairie, LA is hispanic, making up 16.7% of the population. Foreign-born residents account for 12.1% of the population in Metairie, LA, and this percentage has decreased by 12.9% 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 | 61.9% | -8.0% |
% Black | 14.9% | 12.9% |
% Hispanic | 16.7% | 9.2% |
% Asian | 1.6% | -42.9% |
% Foreign Born | 12.1% | -12.9% |
Mortgage and Risk — Metairie, LA
According to HUD data as of 2023, there were 306 mortgage originations in Metairie, LA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Metairie, LA. Investor activity is low, as 8.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 306 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Metairie, LA
As of 2024, the percent of homes in Metairie, LA under the Section 8 program is 5.3%. 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 | 646 |
Total Units Section 8 | 564 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,200 | $1,250 |
| 2 Bedroom | -$50 | $1,550 | $1,500 |
| 3 Bedroom | -$280 | $2,200 | $1,920 |
| 4 Bedroom | -$250 | $2,500 | $2,250 |
Affordability — Metairie, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $313,000 |
| Median Household Income | $70,200 |