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New Orleans, LA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,623
Monthly Cash Flow
$49
Principal + Equity
$678
Annual Total Gain
$8,723
Cash on Cash
0.99%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$182
Occupancy Rate
63.33%
Monthly Revenue
$2,637
Monthly Cash Flow
$668
Principal + Equity
$678
Annual Total Gain
$16,146
Cash on Cash %
13.43%
Net ROI %
Market Health & Growth
Median Income
$55,339
Population
376,035
LTR Renter %
49.45%
Forecast (1 yr)
-3.58%
Appreciation (1 yr)
-2.56%
Appreciation (5 yr)
0.11%
Appreciation (10 yr)
27.86%
Job Growth
-0.18%
LTR Rentability
Low
STR Demand
57
STR Rentals
27
Top Public Schools
ABenjamin Franklin High School
AHaynes Academy School for Advanced Studies
A
A
A
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Most Diverse Cities in America
#103out of 229 markets
Best Cities to Retire in America
#138out of 229 markets
Best Cities for Young Professionals in America
#49out of 229 markets
C
Public School
F
Crime And Safety
D
Housing
A
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in New Orleans, LA.
In New Orleans, LA, Short Term Rentals (STRs) are regulated by the City of New Orleans through the Department of Safety and Permits. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Licensing: All STRs in New Orleans must be licensed by the city. This includes obtaining a permit from the Department of Safety and Permits and registering with the city's Short Term Rental Administration Office.
2. Zoning: STRs are only allowed in certain zoning districts in New Orleans. Investors should check the zoning regulations for the specific property they are interested in purchasing to ensure that short term rentals are permitted.
3. Limits on Rental Periods: The city of New Orleans has restrictions on the number of days a property can be rented out as a short term rental. Investors should be aware of these limits and ensure compliance with the regulations.
4. Taxes: STRs in New Orleans are subject to various taxes, including sales tax, occupancy tax, and hotel/motel taxes. Investors should be aware of these tax obligations and factor them into their financial planning.
5. Noise and Nuisance Regulations: The city of New Orleans has regulations in place to address noise and nuisance issues related to STRs. Investors should be aware of these regulations and ensure that their property is in compliance.
6. Insurance Requirements: Investors should also consider obtaining the appropriate insurance coverage for their STR property, including liability insurance and coverage for property damage.
Overall, investors looking to purchase a property for short term rental purposes in New Orleans should thoroughly research and understand the regulations and requirements in place to ensure compliance and successful operation of their STR business.
Market Trends Over Time
Explore 25 years of market data for New Orleans, LA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to New Orleans, LA.
The LTR Genie Score of New Orleans, LA is 41, indicating a low rentability for long-term rental properties in the area. This is likely influenced by the low LTR Rent Growth Rate of 0.028% and the 1-Year Price Appreciation Forecast of -3.58%. On the other hand, the STR Genie Score is 65, suggesting a higher potential for profitability in the short-term rental market. This is supported by the STR Net ROI of 27.07% and the STR Occupancy rate of 63.33%.
Comparing the LTR and STR Genie Scores, it is clear that New Orleans, LA may be more attractive for short-term rental investments rather than long-term rental investments. The potential for higher returns and occupancy rates in the short-term rental market makes it a more favorable option for real estate investors in this particular market.
New Orleans, LA is known for its vibrant culture, historic architecture, and lively music scene, making it a popular destination for tourists and travelers. With events like Mardi Gras and Jazz Fest drawing in visitors from around the world, the city offers a unique opportunity for short-term rental investors to capitalize on the demand for accommodations in the area.
LTR Genie Score 93
$99,900
🛏 4 Beds🛁 2.0000 Baths🏙 1,883 sqft.🏠 SINGLE FAMILY