Metairie Home Prices: $338K, Up 7.7% — 5 ZIPs Analyzed (2026)
$338,089. That’s the typical home value in Metairie as of February 2026, and it’s up 7.7% from a year ago. Few markets in Louisiana posted gains that big.
Quick answer: The average home price in Metairie, LA is $338,089 as of February 2026, up 7.7% year over year according to Zillow.
Current Home Prices in Metairie
The numbers tell a clear story. Metairie’s housing market gained value at a steady clip over the last 12 months, with the typical home now sitting near $338K.
| Metric | Value |
|---|---|
| Median home value | $338,089 |
| Year-over-year change | +7.7% |
| Lowest ZIP value | $266,586 |
| Highest ZIP value | $416,747 |
| Spread (max − min) | $150,161 |
| ZIPs analyzed | 5 |
| Data through | February 2026 |
The gap between the cheapest and priciest ZIP is $150,161. That’s a 56% difference between the bottom and the top. For a five-ZIP city, that’s a wide range.
You can read the 7.7% gain two ways. On one hand, Metairie homeowners added meaningful equity over the past year. A buyer who closed in February 2025 at the typical price has gained about $24,000 on paper.
On the other hand, the same number means buyers entering the market today face higher prices than they did 12 months ago. There is no sign yet that the climb has stalled.
The current median sits within the New Orleans-Metairie metro area. At $338K, Metairie costs more than New Orleans proper but less than the priciest pockets of the metro.
Metairie Home Prices by Neighborhood
Five ZIP codes, five different price points. Here’s how they stack up.
| ZIP | Median Home Value | Median Rent |
|---|---|---|
| 70005 | $416,747 | $1,903 |
| 70002 | $348,559 | $1,397 |
| 70006 | $342,108 | $1,714 |
| 70001 | $316,448 | $1,612 |
| 70003 | $266,586 | $1,818 |
Most Expensive
- 70005 — $416,747. The priciest ZIP in Metairie, sitting 23% above the city median. Rent here also tops the list at $1,903 a month.
- 70002 — $348,559. Slightly above the city median. Rent is the lowest of the five ZIPs at $1,397, an unusual mismatch where buying costs more relative to renting.
- 70006 — $342,108. Just above the median, with rents around $1,714.
Most Affordable
- 70003 — $266,586. The cheapest ZIP, 21% below the city median. Despite the lower home values, rent here runs $1,818 — the second-highest in Metairie.
- 70001 — $316,448. About 6% below the city median, with rent at $1,612.
- 70006 — $342,108. Sits in the middle on price.
The 70003 figure is the standout. Cheapest homes, but rent that’s nearly identical to the priciest ZIP. That gap suggests rental demand there outpaces buyer demand.
Rent vs Buy in Metairie
Rents across the five ZIPs range from $1,397 to $1,903 per month. The citywide picture, weighted across all ZIPs:
| ZIP | Monthly Rent | Annual Rent |
|---|---|---|
| 70005 | $1,903 | $22,841 |
| 70003 | $1,818 | $21,815 |
| 70006 | $1,714 | $20,567 |
| 70001 | $1,612 | $19,348 |
| 70002 | $1,397 | $16,762 |
For a buyer purchasing the median $338,089 home with 20% down at current rates, the principal and interest payment alone would exceed most of these rents. Add property taxes, insurance, and maintenance, and the gap widens.
A renter in 70002 paying $1,397 spends about $16,762 a year. A buyer at the city median is paying considerably more, but builds equity and benefits from the 7.7% appreciation seen over the past year.
The break-even calculation depends on how long you stay. If you’re in Metairie for under three years, renting almost certainly wins on cash flow. Over five-plus years, the appreciation rate matters more than the monthly payment.
One detail worth noting: in 70003, rent runs $1,818 against the cheapest home values in the city. The rent-to-value ratio there is the most favorable for landlords in Metairie.
Metairie Housing Market Trends
Twelve months of data, one direction.
| Month | Median Value | Min ZIP | Max ZIP |
|---|---|---|---|
| Feb 2026 | $338,089 | $266,586 | $416,747 |
| Jan 2026 | $335,467 | $264,656 | $411,787 |
| Dec 2025 | $332,640 | $263,647 | $406,542 |
| Nov 2025 | $329,510 | $262,916 | $402,887 |
| Oct 2025 | $325,830 | $261,244 | $399,767 |
| Sep 2025 | $323,411 | $259,188 | $400,445 |
| Aug 2025 | $321,764 | $257,007 | $403,004 |
| Jul 2025 | $319,212 | $254,321 | $404,691 |
| Jun 2025 | $317,076 | $253,058 | $405,598 |
| May 2025 | $315,130 | $252,566 | $404,561 |
| Apr 2025 | $314,039 | $252,940 | $403,413 |
| Mar 2025 | $313,823 | $254,433 | $402,468 |
Every single month posted a gain. That’s 12 straight months of appreciation, no pauses.
The pace also picked up. From March to August 2025, the median rose about $7,900 over five months. From September 2025 to February 2026, it climbed roughly $14,700 over five months — nearly double the rate.
The minimum ZIP value hit its low at $252,566 in May 2025 and has climbed steadily since. The maximum ZIP also moved up, though more slowly, gaining about $14,000 from March 2025 to February 2026.
Is Metairie a Good Place to Buy in 2026?
The data points to a seller’s market. Twelve consecutive months of gains, accelerating in the back half. A 7.7% annual increase in a state where most cities posted smaller numbers.
For sellers, this is favorable territory. Homes are appreciating, the trend is clean, and the bottom of the market has firmed up.
For buyers, the picture is more complicated. You’re paying more than you would have a year ago, and the recent monthly gains suggest you’ll pay more next quarter than you do this quarter. There’s no obvious entry point at a discount.
The most affordable ZIP, 70003, is the buyer’s best shot at getting in below the city median. At $266,586, it’s roughly $71,000 cheaper than the citywide figure.
If you can stretch to 70005, you get the most expensive ZIP — but also the strongest historical pricing power in the city.
Metairie Housing Market Outlook for 2026-2027
The 3-month trend suggests continued upward pressure. From November 2025 to February 2026, the median climbed from $329,510 to $338,089 — a $8,579 gain in three months.
If the current pace continues, Metairie could cross $345K by mid-2026. The momentum is consistent across the entire 12-month dataset, with no individual month showing a reversal.
That said, sustained 7%+ annual gains are uncommon. The market may cool simply because affordability eventually pushes buyers out. The 7.7% figure could moderate over the next few quarters even if prices keep rising.
The bottom-end ZIP (70003) gained the most percentage-wise from its May 2025 low. That suggests demand is broadening rather than concentrating at the top. Watch the spread between the min and max ZIPs — if it narrows, that indicates the cheaper neighborhoods are catching up.
Similar Markets in LA
- New Orleans — Metairie’s larger neighbor in the same metro, often used for cross-comparison.
- Baton Rouge — The state capital, an alternative for buyers wanting a Louisiana metro at a different price point.
- Slidell — Another New Orleans metro suburb worth checking against Metairie’s numbers.
- Lafayette — A mid-size Louisiana market with its own employment base.
- Houma — A smaller Louisiana city for buyers comparing Gulf Coast options.
Frequently Asked Questions
What is the average home price in Metairie?
The average home price in Metairie, LA is $338,089 as of February 2026. That figure is the Zillow Home Value Index across five ZIP codes, ranging from $266,586 in 70003 to $416,747 in 70005.
Are home prices going up or down in Metairie?
Prices are up 7.7% year over year. Every one of the past 12 months posted a gain, and the pace accelerated in the second half of the period. The typical home added roughly $24,000 in value.
Is it cheaper to rent or buy in Metairie?
Renting is cheaper month to month. Rents range from $1,397 in 70002 to $1,903 in 70005. A mortgage on the median $338,089 home, once taxes and insurance are added, exceeds the highest rent figure in the city. Buying makes more sense over a 5+ year horizon if appreciation continues.
What is the most affordable neighborhood in Metairie?
ZIP 70003 is the cheapest at $266,586 — about 21% below the city median. Rent there runs $1,818, which is high relative to home values, suggesting strong rental demand in that ZIP.
Methodology
Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.