Real Estate Investing in Metairie, Louisiana (70005)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 70005 (Metairie, LA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Declining values: -1.3% 5-year CAGR — values have moved lower.
- Elevated vacancy: 9.5% vacancy may signal weakening demand.
What’s happening in Metairie, LA (70005)?
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Market Analysis: 70005 Metairie
The 70005 ZIP in Metairie, LA is a local-operator market. Outside capital chasing a $431K entry has to pair deep knowledge with the discount.
The investment case in 70005 is healthy only for operators who understand what they are buying. A $431K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 70005 sits on the difficult end of the LA spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 70005 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 70005 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Metairie:
Property Strategy for 70005
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $302,193 | $1,340 | 3.2% | +3.1% | $151,096 |
| 3BR | $390,196 | $1,710 | 3.2% | +2.3% | $130,065 |
| 4BR | $732,600 | $2,000 | 2.0% | +4.4% | $183,150 |
| 5BR | $1,185,636 | — | — | +3.9% | $237,127 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 70005 Compare?
| Metric | 70005 | Metairie | New Orleans-Metairie, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $431,135 | $352,606 | N/A | $207,909 |
| 5-Year CAGR | N/A | N/A | N/A | 0.7% |
| Avg Rent | $1,772 | $1,606 | N/A | - |
| Cap Rate | 3.2% | 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 70005 (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 | $431,135 |
| Monthly Rent | $1,772 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 1.9% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | -1.9% ▼ |
| 5-Year CAGR | -1.3% ▼ |
| 10-Year CAGR | +1.3% ▲ |
🏠 Rent Trends
| 1-Year | +0.0% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 70005
Population: 23,257
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 70005
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Bridgedale Elementary School
Phoebe Hearst School
Joseph C Moscona School
Haynes Academy School for Advanced Studies
J.D. Meisler Middle 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 typical home price in Metairie, LA?
Homes in Metairie, LA typically sell near $431K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Are tenants stable in Metairie, LA?
Working renters make up the core of the Metairie, LA tenant base. The pool is reasonable for investors targeting long-term holds.
Are landlord laws favorable in Metairie, LA?
Metairie, LA operates under LA law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
Is house hacking profitable in Metairie, LA?
House hacking works a challenging in Metairie, LA. Rents of $1,772/mo against $431K acquisition make the strategy solid for owner-occupants.
What investment strategy works best in Metairie, LA?
In Metairie, LA the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $431K prices and $1,772/mo rents suits that approach.
You know 70005 now. You don’t know where it ranks.
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How 70005 ranks in New Orleans-Metairie, LA
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