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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,623
$2,637
Appreciation
Data-driven answers to common investor questions about this market.
2.49%
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Job Growth
-0%
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Population
376,035
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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.