Rent to own Homes in Metairie, LA
A suburb of New Orleans, Metairie is located in Jefferson Parish between the Mississippi River and Lake Pontchartrain. Home to more than 138,000 people, it is known for its history of French farmers and for its beautiful skyline. Before buying a house for sale or a rent to own home in this area, individuals may want to know more about what the city has to offer.
Metairie, LA is a great place for affordable rent-to-own homes! With a median household income of over $60,355 and a median rent of $969, the Metairie, LA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Metairie, LA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Metairie, LA Property Resources
Rent to own Homes in Cities Near Metairie, LA
- Akers
- Ama
- Arabi
- Avondale
- Barataria
- Bayou Gauche
- Belle Chasse
- Boutte
- Bridge City
- Chalmette
- Des Allemands
- Destrehan
- Edgard
- Elmwood
- Estelle
- Gheens
- Gretna
- Hahnville
- Harahan
- Harvey
- Jean Lafitte
- Jefferson
- Kenner
- Killona
- Lacombe
- Lafitte
- Laplace
- La Place
- Luling
- Marrero
- Meraux
- Metairie
- Montz
- New Orleans
- New Orleans Station
- New Sarpy
- Norco
- Paradis
- Poydras
- Reserve
- River Ridge
- St. Rose
- Taft
- Terrytown
- Timberlane
- Vacherie
- Violet
- Waggaman
- Westwego
- Woodmere
Neighborhoods in Metairie, LA
East Kenner rent to own homes Elmwood Park rent to own homes Bissonet Garden rent to own homes Country Club Estates rent to own homes Delta rent to own homes Bunche Village rent to own homes Airline Park rent to own homes Country Club Homes South rent to own homes Lelia Place rent to own homes Willowdale rent to own homesMedian Home Price in Metairie, LA
Median Rent in Metairie, LA
Top Reasons to Live in Metairie LA
Housing Statistics for Metairie Before buying real estate in Metairie, consider the area's housing statistics. The average listing price of a home for the second week of August 2013 was $263,135. This is an increase of more than 1.5% over the same period last year. The median sale price of a home here for the second quarter of 2013 was $202,500, up by more than 7.5% over the same time frame in 2012. During the last year, 753 homes were sold, with 276 selling in the last quarter. The city has an annual residential turnover rate of 12%. It also has a median years in residence of five years, significantly higher than in some areas. Overall, income has grown by 30% over the last 10 years.
Weather and Climate Located in the South near the Gulf of Mexico, Metairie has high humidity and plenty of rainy days. It has, in the past, been the victim of various hurricanes and violent storms coming off the coast. However, in terms of daily temperature, the area is somewhat pleasant. The average high during the summer months is in the low 90s. The average low during the winter months is about 45. The city does get a lot of rain spread out throughout the year.
Outdoor Activities Metairie has parks for those who want to play a game of catch or do some hiking. Local parks such as Lafreniere Park, Delta Playground, and Pontiff Playground offer organized sports leagues. Fishing is also a popular activity in the area; head to one of the many local bodies of water to cast your line. Because the city sits on Lake Pontchartrain, it is also easy to get out into the water for water sports. Additionally, Mardi Gras is celebrated here each year and is a decidedly family affair with the majority of parades in Metairie happening in the daytime.
Neighborhoods Metairie is a city with a lot of character, and that goes for its neighborhoods, too. It's important you pick the right one for your lifestyle. Here are some neighborhoods you should know about: