Real Estate Investing in Metairie, Louisiana (70002)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 70002 (Metairie, LA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (0.9% CAGR).
What’s happening in Metairie, LA (70002)?
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Market Analysis: 70002 Metairie
Stepping back, ZIP 70002 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $365K median. It rewards specialists, not generalists.
For an experienced owner, 70002 can be a a strong candidate for hunting ground — but the discount at $365K reflects genuine risk that outside investors often underestimate.
ZIP 70002's metrics run below Jefferson Parish's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 70002 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 70002 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Metairie:
Property Strategy for 70002
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $167,981 | $1,340 | 5.7% | +4.7% | $83,991 |
| 3BR | $360,768 | $1,710 | 3.4% | +2.6% | $120,256 |
| 4BR | $499,824 | $2,000 | 2.9% | +2.0% | $124,956 |
| 5BR | $644,138 | — | — | — | $128,828 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 70002 Compare?
| Metric | 70002 | Metairie | New Orleans-Metairie, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $364,954 | $352,606 | N/A | $207,909 |
| 5-Year CAGR | 0.9% | N/A | N/A | 0.7% |
| Avg Rent | $1,335 | $1,606 | N/A | - |
| Cap Rate | 2.9% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 70002 (Metairie, LA). Anonymous, moderated, never written by AI.
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Property managers serving Jefferson Parish County
Manage rentals here? List your business →Certain Property Management offers condominium and rental property management services, including residential and commercial property management and maintenance in New Orleans and Metairie, LA. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $364,954 |
| Monthly Rent | $1,335 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 3.7% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +0.9% ▲ |
| 10-Year CAGR | +2.5% ▲ |
🏠 Rent Trends
| 1-Year | -10.4% ▼ |
| 3-Year CAGR | -3.0% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 70002
Population: 19,240
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 70002
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
J.C. Ellis School
Alice Birney Elementary School
Bridgedale Elementary School
Marie B. Riviere Elementary School
Metairie Academy for Advanced Studies
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 7,447 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Metairie, LA a smart market for rental property?
With a 2.0/5 investability score, Metairie, LA ranks as a solid market for rental property investors. Median prices of $365K and rents of $1,335/mo drive the underlying numbers.
What is the average monthly rent in Metairie, LA?
Rent in Metairie, LA is around $1,335/mo. The resulting rent-to-value relationship with $365K pricing is reasonable for most investor models.
Does Metairie, LA favor landlords or tenants?
Rental owners in Metairie, LA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What strategy should investors use in Metairie, LA?
A careful cash-flow rentals with hands-on management strategy Metairie, LA best. The market produces steady results for that approach at the $365K price point.
How high is vacancy risk in Metairie, LA?
Vacancy risk in Metairie, LA is elevated. That supports even-keeled cash flow for typical rental holds.
You know 70002 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 70002 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 70002 ranks in New Orleans-Metairie, LA
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