The typical owner-occupied home in Metairie is worth about $327,500, 51% above the Louisiana median of $216,500 and about the same as the national median of $332,700. Owners pay a median $1,814 a year in property taxes, about 0.55% of their home's value, close to the Louisiana rate of 0.55%. The median household earns $73,042 a year, so the median home costs 4.5 times the median income (3.6 times for Louisiana). 62% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Metairie at a glance
| Metairie | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $327,500 | $216,500 | $332,700 |
| Median property tax paid per year | $1,814 | $1,180 | $3,119 |
| Property tax as a share of value | 0.55% | 0.55% | 0.94% |
| Median household income | $73,042 | $60,756 | $80,734 |
| Homes lived in by their owners | 62% | 67% | 65% |
| Owner homes with a mortgage | 54% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $2,010 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 22.0% | 20.4% | 21.0% |
| Median rent | $1,175 | $1,064 | $1,413 |
| Rent as a share of renters' income | 29.8% | 32.8% | 30.6% |
| Median year homes were built | 1972 | 1983 | 1980 |
| Vacant homes | 7.7% | 14.4% | 10.1% |
| Population | 139,729 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Metairie
At this week's average 30-year rate of 7.11%, buying the median Metairie home of $327,500 with 20% down costs about $2,049 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,595, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $87,816 for the 20%-down payment. That payment is 34% of the median Metairie household income of $73,042; at that income and 20% down, the 28% guideline points to a home of about $272,000.
The median rent here is $1,175 a month, so owning the median home costs about $874 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $65,500 |
|---|---|
| Loan amount | $262,000 |
| Principal and interest | $1,762 |
| Property taxes (0.55% a year) | $150 |
| Homeowners insurance (our estimate, 0.5% a year) | $136 |
| PMI | $0 |
| Total per month | $2,049 |
Change the numbers in the calculator
| Down payment | $11,462 |
|---|---|
| Loan amount | $321,568 |
| Principal and interest | $2,163 |
| Property taxes (0.55% a year) | $150 |
| Homeowners insurance (our estimate, 0.5% a year) | $136 |
| FHA mortgage insurance | $145 |
| Total per month | $2,595 |
Change the numbers in the calculator
Questions about home buying in Metairie
What is the median home value in Metairie?
About $327,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Metairie?
Homeowners pay a median $1,814 a year, which is about 0.55% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Metairie?
For the median home with 20% down at 7.11%, the payment is about $2,049 a month. Keeping that under 28% of gross income takes about $87,816 a year.
More about Metairie
- Mortgage Refinance in Metairie
- Debt Relief in Metairie
- Home Equity Loans in Metairie
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data