Home prices
The median home value in Arabi is $155,600. It is approximately $8,320 (5%) lower compared to other places in this area.It is about $61,900 (28%) lower in comparison to the United States as a whole, and in comparison to the city of New Orleans is roughly $75,900 (32%) lower.
Rents
Arabi's median rent is $932 a month. Compared to its surrounding areas it is approximately $25 (2%) lower.It is about $130 (12%) lower in comparison to the United States as a whole, and in comparison to the city of New Orleans it is about $66 (6%) lower.
Nearby places
Chalmette
Chalmette is Arabi's neighbor to the southeast. The housing prices there are fairly similar. The median home in Chalmette is valued at $152,900, which is $2,700 (1%) lower than Arabi. The rent there is similar. Chalmette's median rent is $960 per month, which comes out to $28 (2%) higher than Arabi.
Terrytown
Terrytown is about 4 miles south from Arabi. The housing prices there are fairly similar. The median home in Terrytown costs $162,700, which works out to $7,100 (4%) higher than Arabi. Rent there is similar. Terrytown's median rent is $953 per month, which is $21 (2%) higher than Arabi.
Gretna
Gretna is roughly 4 miles southwest of Arabi. Its housing prices are a bit more expensive. Gretna's median home price is $171,800, which works out to $16,200 (9%) higher than Arabi. Its rents are a little less expensive. In Gretna the median rent is $883 per month, which works out to $49 (5%) lower than Arabi.
Meraux
Meraux is approximately 4 miles southeast of Arabi. Its real estate prices are somewhat more expensive. Meraux's median home price is $169,700, which works out to $14,100 (8%) higher than Arabi. Rents there are pretty similar. The median rent in Meraux is $914 a month, which works out to $18 (1%) lower than Arabi.
Timberlane
Timberlane is approximately 6 miles south from Arabi. The housing prices there are similar. Timberlane's median home cost is $162,500, which works out to $6,900 (4%) higher than Arabi. Rent there is somewhat more expensive. In Timberlane the median monthly rent is $1,075, which is $143 (13%) higher than Arabi.