Metairie, LA—70006
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 $338,000, with a year-over-year change of 3.4%. This indicates that home prices in Metairie, LA are increasing. According to Zillow, the 1-year price projection is -2.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $338,000 | 3.4% |
| Single Family | $346,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $171,000 | 2.4% |
3 Bed | $320,000 | 1.6% |
4 Bed | $424,000 | 0.5% |
| 5 Bed | $543,000 | 2.3% |
% of Housing Stock
Rental Trends — Metairie, LA
As of July '25, Rentcast reports the average rent in Metairie, LA is $2,020, with a year-over-year rent change of 8.0%. Per bedroom, the median rent as of July '25 in Metairie, LA is 1-bedrooms: $1,310, 2-bedrooms: $1,330, 3-bedrooms: $2,100, 4-bedrooms: $3,460. The most common rental property sizes in Metairie, LA are 2-bedroom and 3-bedroom, accounting for 57.3% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,310 |
| 2 Bed Rent | $1,250 | $1,330 |
| 3 Bed Rent | $2,150 | $2,100 |
| 4 Bed Rent | $3,000 | $3,460 |
% 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 74. This is a decrease of -8.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $356,000 | 2.0% |
Listing Count | 88 | 21.0% |
| Listings as % of Homes | 0.7% | 21.0% |
Days on Market | 74 | -8.0% |
Demographics — Metairie, LA
As of the latest ACS Survey released in 2023, Metairie, LA has a population of 16,000, which has decreased by -2.0% over the past 5 years. Metairie, LA is a moderately popular place for families, as children make up 24.1% of the population. The area has a moderately educated workforce, with 37.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,000 | -2.0% |
% Under 18 | 24.1% | 13.7% |
% Seniors | 19.7% | 2.1% |
% WFH | 7.7% | 83.3% |
% w/ College Degree | 37.6% | 8.4% |
As of the latest ACS Survey released in 2023, Metairie, LA is a predominantly white area, with 54.2% of the population identifying as white. The white population has shrunk by 10.3% in the last 5 years. The second most common race or ethnicity in Metairie, LA is hispanic, making up 26.0% of the population. Foreign-born residents account for 24.5% of the population in Metairie, LA, and this percentage has increased by 4.7% 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 | 54.2% | -10.3% |
% Black | 8.9% | -3.3% |
% Hispanic | 26.0% | 14.5% |
% Asian | 6.2% | 5.1% |
% Foreign Born | 24.5% | 4.7% |
Mortgage and Risk — Metairie, LA
According to HUD data as of 2023, there were 131 mortgage originations in Metairie, LA, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Metairie, LA. Investor activity is low, as 6.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 131 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Metairie, LA
As of 2024, the percent of homes in Metairie, LA under the Section 8 program is 2.9%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Metairie, LA, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 75 |
Total Units Section 8 | 75 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,250 | $1,200 |
| 2 Bedroom | $180 | $1,250 | $1,430 |
| 3 Bedroom | -$320 | $2,150 | $1,830 |
| 4 Bedroom | -$850 | $3,000 | $2,150 |
Affordability — Metairie, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $338,000 |
| Median Household Income | $74,000 |