Real Estate Investing in Metairie, Louisiana (70003)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 70003 (Metairie, LA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Declining values: -2.7% 5-year CAGR — values have moved lower.
What’s happening in Metairie, LA (70003)?
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Market Analysis: 70003 Metairie
From a cash-flow lens, ZIP 70003 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $282K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 70003 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 70003 and stronger Metairie ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 70003 ZIP's population of 39,714 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Experienced landlords with local relationships tend to find 70003 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Metairie:
Property Strategy for 70003
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $173,562 | $1,340 | 5.6% | +5.8% | $86,781 |
| 3BR | $265,793 | $1,710 | 4.6% | +1.6% | $88,598 |
| 4BR | $337,233 | $2,000 | 4.3% | +2.1% | $84,308 |
| 5BR | $493,306 | — | — | — | $98,661 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 70003 Compare?
| Metric | 70003 | Metairie | New Orleans-Metairie, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $282,169 | $352,606 | N/A | $207,909 |
| 5-Year CAGR | N/A | N/A | N/A | 0.7% |
| Avg Rent | $1,562 | $1,606 | N/A | - |
| Cap Rate | 4.3% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 70003 (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 | $282,169 |
| Monthly Rent | $1,562 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 1.6% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | -1.3% ▼ |
| 5-Year CAGR | -2.7% ▼ |
| 10-Year CAGR | +0.7% ▲ |
🏠 Rent Trends
| 1-Year | -6.7% ▼ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 70003
Population: 39,714
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 70003
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Alice Birney Elementary School
Bridgedale Elementary School
John Clancy/Joseph Maggiore Elementary School
Phoebe Hearst School
Joseph C Moscona School
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
What is the smart move for investors in Metairie, LA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Metairie, LA. The numbers - $282K homes against $1,562/mo rents - support that play.
Are tenants stable in Metairie, LA?
The renter base in Metairie, LA is reasonable for the $1,562/mo price point. Screening well and pricing to market typically yields stable tenants.
Should investors consider Metairie, LA?
Investors tracking Metairie, LA will find a 3.0/5 rating supported by $282K median home values and $1,562/mo rents. That profile suits long-term holders targeting consistent returns.
How do home values compare in Metairie, LA?
Metairie, LA home values average about $282K. That price point suits investors targeting rentals with $1,562/mo in monthly income.
What kind of vacancy should I budget for in Metairie, LA?
Metairie, LA carries elevated vacancy risk. Expect predictable absorption at market rents of $1,562/mo.
You know 70003 now. You don’t know where it ranks.
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How 70003 ranks in New Orleans-Metairie, LA
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