Investment metrics, interactive calculators, and data-driven analysis for New Orleans rental properties.
Pre-filled with New Orleans medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in New Orleans.
New Orleans, LA has a population of 376,971 and has been growing at 0.4% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $265,000 paired with median rents of $1,380/mo produces an estimated cap rate of 4.51%.
Property taxes at 0.55% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 6.2% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 5.9x, homes cost about 5.9 times the local median income of $45,200. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 2.6% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: New Orleans presents moderate opportunities. Cap rates near 4.51% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.