Metropolitan Statistical Area (MSA):
New Orleans-Metairie, LA is a Metropolitan Statistical Area (MSA) comprising counties including .
The New Orleans-Metairie, LA metropolitan statistical area (MSA) is a major hub for the housing market in the United States. The area is known for its unique architecture, culture, and history, which attract buyers from all over the country. In recent years, the MSA has seen a surge in popularity among buyers looking for an affordable place to live.
The average price of a home in the MSA is $250,000, which is significantly lower than the national average of $380,000. The affordability of the area combined with its many attractions has made it one of the hottest markets in the country. In 2019 alone, there was a 9% increase in home sales in the MSA.
The trend looks to continue in 2020 as more and more people are looking to take advantage of low prices and interest rates. With so much demand for housing in the area, prices are sure to continue to rise. If you're thinking about buying a home in New Orleans-Metairie, now is the time to do it!