An Overview of New Orleans Real Estate Market 2019
When someone talks about New Orleans, the odds are equally good that it will conjure memories of Cajun food and Mardi Gras as Hurricane Katrina. The hurricane’s aftermath has come and gone, and while many left the city, the fact remains that New Orleans is still here. Let’s take a look at the state of modern New Orleans before sharing the top 10 reasons to invest in the New Orleans real estate market. If you are looking at buying a house in New Orleans as a potential investment opportunity, you must read till the end.
New Orleans definitely has a track record of being one of the best long term real estate investments in the U.S. While a large number of people fled New Orleans after Hurricane Katrina, the city remains home to roughly 400,000 people. It remains the largest city in Louisiana. However, the New Orleans housing market is larger than this. The greater New Orleans area is home to around 1.3 million people. If you factor in Metairie and Hammond, the metro area is home to roughly 1.5 million. Let us discuss the latest market trends and find out what are the prospects of New Orleans real estate investment.