Real Estate Investing in Metairie, Louisiana (70006)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 70006 (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: 8.5% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (0.6% CAGR).
What’s happening in Metairie, LA (70006)?
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Market Analysis: 70006 Metairie
Investors eyeing 70006 need to respect the fundamentals at play. Home values of $356K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 70006 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 70006 among LA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 70006 includes headwinds that any investor should price in. Income distribution skews lower than Metairie averages, and tenant stability requires active management.
Strategy in 70006 is an operator game, not a passive one. In practical terms, entry prices of $356K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Metairie:
Property Strategy for 70006
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $170,596 | $1,340 | 5.7% | — | $85,298 |
| 3BR | $319,989 | $1,710 | 3.8% | +2.6% | $106,663 |
| 4BR | $424,292 | $2,000 | 3.4% | +2.8% | $106,073 |
| 5BR | $543,339 | — | — | — | $108,668 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 70006 Compare?
| Metric | 70006 | Metairie | New Orleans-Metairie, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $355,802 | $352,606 | N/A | $207,909 |
| 5-Year CAGR | 0.6% | N/A | N/A | 0.7% |
| Avg Rent | $1,815 | $1,606 | N/A | - |
| Cap Rate | 4.0% | 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 70006 (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 | $355,802 |
| Monthly Rent | $1,815 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 4.6% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +0.6% ▲ |
| 10-Year CAGR | +2.2% ▲ |
🏠 Rent Trends
| 1-Year | +14.3% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 70006
Population: 16,013
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 70006
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Green Park Elementary School
Harold Keller Elementary School
Bissonet Plaza School
Bridgedale Elementary School
Phoebe Hearst 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
Is LA a landlord-friendly state?
Landlord-friendliness in Metairie, LA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How does Metairie, LA rate as a rental market?
Metairie, LA scores 2.0/5 for investability. Home values sit at $356K and rents near $1,815/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is the tenant base reliable in Metairie, LA?
The renter base in Metairie, LA is reasonable for the $1,815/mo price point. Screening well and pricing to market typically yields predictable tenants.
What do rentals go for in Metairie, LA?
Rental rates in Metairie, LA average $1,815/mo. Tenant demand and $356K home values make the yield look reasonable by investor standards.
Is housing expensive in Metairie, LA?
Metairie, LA median home values land near $356K. That is reasonable territory for investors looking at $1,815/mo-per-month rentals.
You know 70006 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 70006 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 70006 ranks in New Orleans-Metairie, LA
Every ZIP in this metro, ranked. Free.
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