Rental property in New Orleans, LA
2026 Market Data & Investment Analysis
Gross Yield
6.7%
Annual rent / price
Median Home Price
$250,000
As of 2026-Q1
Median Monthly Rent
$1,400
Per month
Population
383,997
-0.5% / yr (5y avg)
Estimates based on median market data. Actual returns depend on your specific property. Source: Redfin / Zillow / U.S. Census Bureau, 2026-Q1.
Calculate your rental yield in New Orleans
Pre-filled with New Orleans's median values. Adjust to match your specific property.
Property Details
Total acquisition cost before taxes
HOA, insurance, property management
% of time the property is empty
% of purchase price (e.g. 2% = 2)
Rule of thumb: 1% of purchase price/yr
Results
Gross Rental Yield
6.72%
Net Rental Yield
4.42%
Cap Rate
4.42%
Monthly Cash Flow
$921.67
Annual Cash Flow
$11,060.00
New Orleans rental market at a glance
Median Home Price — 5-Year Trend
Median Monthly Rent — 5-Year Trend
New Orleans provides solid rental yields of 6.7%, in line with healthy investment market benchmarks.
Declining population of 0.5% per year may pose risks to long-term rental demand. Investors should focus on established neighborhoods with stable tenant bases.
The vacancy rate of 7.5% is healthy, indicating strong rental demand and limited downtime between tenants.
What type of investment market is New Orleans?
New Orleans is a cash flow-focused market where high rental yields can generate strong monthly income. Lower population growth means price appreciation may be limited, making this primarily an income play.
✓ Strengths
- •High gross yield of 6.7% supports strong monthly cash flow
- •Lower entry prices relative to rents reduce upfront capital needed
- •Income-driven returns are less dependent on market timing
! Risks
- •Limited price appreciation potential reduces total return
- •Declining population may increase vacancy risk over time
Key Metrics
How does New Orleans compare to nearby cities?
New Orleans vs Houston: 0.4 percentage point difference in gross yield.
| City | Median Price | Median Rent | Gross Yield | Pop. Growth |
|---|---|---|---|---|
| Houston, TX | $285,000 | $1,500 | 6.3% | +1.2% |
| Memphis, TN | $180,000 | $1,100 | 7.3% | -0.2% |
| Birmingham, AL | $170,000 | $1,050 | 7.4% | -0.6% |
| Atlanta, GA | $350,000 | $1,750 | 6% | +1.6% |
| Nashville, TN | $420,000 | $1,750 | 5% | +1.3% |
Common questions about investing in New Orleans
Is rental investing profitable in New Orleans?▾
What is the average rental yield in New Orleans?▾
How does New Orleans compare to Houston for investors?▾
Explore more cities in United States
Compare yield, price, and population growth across all cities
Ready to Analyse a Specific Property in New Orleans?
Use our free rental yield calculator to model any property — not just the median.
Compare with nearby cities: