70002, Metairie, LA

The Metairie, LA 70002 zip code is located in the southeastern region of Louisiana and has a population of approximately 203,000. The median household income in the Metairie, LA 70002 zip code is $63,821 and the median home value is $269,900. Home equity in the Metairie, LA 70002 zip code has increased by 10% over the past year and is currently at $269,100.

There are a number of factors that have contributed to the increase in home equity in the Metairie, LA 70002 zip code. One reason for this increase is that interest rates have remained low throughout most of 2017 which has encouraged more people to borrow money to purchase homes. Additionally, there has been an increase in demand for housing due to an influx of new residents into the area who are looking for affordable housing options. Another factor that has contributed to the increase in home equity in the Metairie, LA 70002 zip code is that there has been a decrease in available inventory on the market which means that there are fewer homes available for sale than there were previously. Finally, many homeowners who have had their homes for several years now have seen their values rise significantly as a result of increased demand from buyers and limited supply on the market.