Real Estate Investing in Gretna, Louisiana (70053)
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Should you buy in 70053 (Gretna, LA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Declining values: -4.4% 5-year CAGR — values have moved lower.
- Elevated vacancy: 10.1% vacancy may signal weakening demand.
- Elevated poverty: 20.6% poverty rate — can affect rent collection.
What’s happening in Gretna, LA (70053)?
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Market Analysis: 70053 Gretna
Not every below-median market is a bargain. Gretna's 70053 ZIP records signals that favor experienced operators who can absorb the risk $215K pricing implies.
The investment case in 70053 is significant only for operators who understand what they are buying. A $215K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader LA picture, 70053 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Meanwhile, 16,409 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Gretna's stable or hybrid ZIPs before stepping into 70053. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Gretna:
Property Strategy for 70053
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $193,297 | $1,340 | 5.0% | +1.9% | $96,649 |
| 3BR | $221,999 | $1,710 | 5.5% | +1.6% | $74,000 |
| 4BR | $285,991 | $2,000 | 5.0% | +2.2% | $71,498 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 70053 Compare?
| Metric | 70053 | Gretna | New Orleans-Metairie, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $215,378 | $235,169 | N/A | $207,909 |
| 5-Year CAGR | N/A | N/A | N/A | 0.7% |
| Avg Rent | $1,621 | $1,714 | N/A | - |
| Cap Rate | 5.9% | 5.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 70053 (Gretna, 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 | $215,378 |
| Monthly Rent | $1,621 |
| Price-to-Rent | 11.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.9% |
| 5-Year IRR | 1.5% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | -5.8% ▼ |
| 5-Year CAGR | -4.4% ▼ |
| 10-Year CAGR | +0.0% ▲ |
🏠 Rent Trends
| 1-Year | -4.7% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.9%). 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 70053
Population: 16,409
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 70053
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ReNEW Laurel Elementary
Terrytown Elementary School
Foundation Preparatory Academy
Opportunities Academy
George Cox Elementary School
About Repit School Scores
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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
Frequently Asked Questions
What type of investing works in Gretna, LA?
Investors usually favor careful cash-flow rentals with hands-on management in Gretna, LA. With home values at $215K and rents near $1,621/mo, other strategies can work but produce measured rather than outsized returns.
Is real estate in Gretna, LA a good investment right now?
Gretna, LA scores 3.0/5 for investability. Home values sit at $215K and rents near $1,621/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What are home prices like in Gretna, LA?
Median home price in Gretna, LA is near $215K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
Does a duplex house hack pencil in Gretna, LA?
The a challenging house-hack environment in Gretna, LA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is the tenant base reliable in Gretna, LA?
The renter base in Gretna, LA is reasonable for the $1,621/mo price point. Screening well and pricing to market typically yields consistent tenants.
You know 70053 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 70053 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 70053 ranks in New Orleans-Metairie, LA
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