Metro area index
Home appreciation in the New Orleans-Metairie, LA metro area
FHFA HPI® data shows the New Orleans-Metairie, LA metro area's all-transactions index changed +2.7% over the year to Q2 2026, versus +2.9% for Louisiana and +3.0% for the U.S. That ranks 245th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +2.7%
- 5-year change
- +13.9%
- Since Q1 1995
- +227%
- Metro rank (1 year)
- 245th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
New Orleans-Metairie, LA vs Louisiana and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- New Orleans-Metairie, LA: 327.4
- Louisiana: 300.2
- United States: 391.6
Appreciation by time window
| Window | Metro | LA | U.S. | Gap vs LA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.7% | +2.9% | +3.0% | −0.2 pts | −0.4 pts |
| 3 years | +2.9% | +6.3% | +12.9% | −3.5 pts | −10.0 pts |
| 5 years | +13.9% | +20.9% | +41.3% | −7.0 pts | −27.4 pts |
| 10 years | +41.6% | +42.1% | +93.3% | −0.5 pts | −51.8 pts |
| Since Q1 1995 | +227% | +200% | +292% | +27.2 pts | −64.1 pts |
3-digit ZIP regions in the New Orleans-Metairie, LA area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 701 · New Orleans, LA area | LA | +1.8% | +10.1% | +288% | 100% |
| 700 · Kenner, LA area | LA | +3.0% | +17.0% | +202% | 100% |
Boom, bust, and recovery in New Orleans-Metairie, LA area
New Orleans-Metairie, LA area's index peaked in Q2 2007, fell 9.1% to its low in Q2 2011, and regained its peak in Q1 2015, about 7.8 years after the top. Today it sits +54.5% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q2 2007 | Q2 2011 | -9.1% | Q1 2015 (7.8 yrs) | +54.5% |
| LA | Q1 2009 | Q2 2011 | -4.2% | Q2 2014 (5.2 yrs) | +53.7% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, New Orleans-Metairie, LA area's index has changed +47.9% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | LA after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -1.2% | -0.9% | -0.8% |
| 3 years | +9.8% | -6.3% | -3.2% | +2.8% |
| 5 years | +24.0% | -8.2% | -2.5% | +13.9% |
| 10 years | +39.1% | +1.8% | +2.1% | +39.0% |
| Since Q1 1995 | +121% | +47.9% | +35.6% | +76.8% |
If you bought in the New Orleans-Metairie, LA area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +220% | $961,304 |
| Q2 2000 | +145% | $735,610 |
| Q2 2005 | +77.3% | $531,756 |
| Q2 2010 | +68.3% | $504,810 |
| Q2 2015 | +49.4% | $448,316 |
| Q2 2020 | +23.2% | $369,646 |
| Q2 2021 | +13.9% | $341,620 |
| Q2 2023 | +2.9% | $308,596 |
| Q2 2025 | +2.7% | $307,986 |
Frequently asked questions
- How much have home prices risen in the New Orleans-Metairie, LA area?
- FHFA HPI® data for the New Orleans-Metairie, LA metro area shows changes of +2.7% over one year, +13.9% over five years, and +41.6% over ten years to Q2 2026, and +227% since Q1 1995.
- Is the New Orleans-Metairie, LA area beating the national average?
- Over the past year the metro's index moved −0.4 pts versus the U.S.; over five years the gap is −27.4 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.