Metairie Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$211,900

  • 8.6% 1-year change
  • 3.7% 1-year forecast

The median home value in Metairie is $211,900. Metairie home values have gone up 8.6% over the past year and Zillow predicts they will rise 3.7% within the next year. The median rent price in Metairie is $1,500, which is higher than the New Orleans Metro median of $1,400.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Metairie is 3.0%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Metairie homeowners underwater on their mortgage is 8.6%, which is lower than New Orleans Metro at 15.6%.

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Relative ZHVI
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Metairie Market Overview

Data through Jul 31, 2015
  • $211,900 ZHVI
  • 3.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • $214,560 Median sale price
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Metairie Market Health

Data through Jul 31, 2015
  • 9.3/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 8.6% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 3.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
River Ridge $209,900
Harahan $188,700
Elmwood $171,600
Name Median ZHVI
Jefferson $150,700
Kenner $147,100
Gretna $138,400
Name Median ZHVI
Harvey $124,000
Marrero $120,000
 

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $131 Median sale price / sq ft
  • No data Listings with price cut
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Metairie Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,516 Metairie
    $1,428 New Orleans Metro
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,500 Rent list price
  • $1.08 Rent list price / sq ft
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