Metairie, Louisiana Housing Market Prices
Metairie Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 2% above the Louisiana median$174,570
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Median rent 10% above the Louisiana median$1,174
Housing Market Overview
| Metric | Metairie | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $174,570 | $170,446 | $248,835 |
| Price Trend (Annual %) | 3.7% | 4.3% | 7.5% |
| Median Gross Rent | $1,174 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Metairie is about 2% higher than in Louisiana. Rent is about 10% higher than the Louisiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Metairie, up about 3.7% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Metairie rose about 34.7% between 2015 and 2024, from $871 to $1,174. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Metairie.
Buying the median-priced home in Metairie costs roughly 12.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Metairie. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Metairie | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $174,570 | $170,446 | $248,835 |
| Median Household Income | $73,509 | $60,934 | $80,455 |
| Price-to-Income Ratio | 2.4 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Metairie rose about 10.1%, while median household income rose about 31.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Metairie | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.4% | 57.7% | 58.5% |
| Rental Rate | 34.9% | 27.9% | 31.2% |
| Vacancy Rate | 7.7% | 14.4% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Metairie has a homeownership rate of 57.4%, about the same as the Louisiana average of 57.7%. Its housing vacancy rate is 7.7%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Metairie | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1973 | 1983 | 1978 |
| Median Number of Rooms | 5.6 | 5.5 | 5.5 |
The typical housing unit in Metairie was built around 1973. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Metairie, Louisiana.
What is the median home price in Metairie, Louisiana?
The median home price in Metairie, Louisiana is $174,570, higher than the Louisiana average of $170,446.
What is the average home price in Metairie, Louisiana?
The typical home price in Metairie, Louisiana, reported as the median sale price, is $174,570. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Metairie, Louisiana?
The median gross rent in Metairie, Louisiana is $1,174 per month, higher than the Louisiana average of $1,063.
What was the median gross rent in Metairie in 2020?
In 2020, the median gross rent in Metairie, Louisiana was $968 per month.
What is the price-to-rent ratio in Metairie, Louisiana?
The price-to-rent ratio in Metairie, Louisiana is about 12.4, meaning it would take roughly 12.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Metairie.
Are home prices or rent rising faster in Metairie, Louisiana?
Both home prices and rent are rising in Metairie, up about 3.7% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Metairie, Louisiana?
57.4% of households in Metairie, Louisiana own their home, about the same as the Louisiana average.
What is the vacancy rate in Metairie, Louisiana?
The housing vacancy rate in Metairie, Louisiana is 7.7%, lower than the Louisiana average of 14.4%.
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