New Orleans, LA — Rental Investment Analysis
🟡MODERATE— average returnsCap Rate
4.8%
Below average
Monthly Cash Flow
-$378
After all expenses
Price-to-Rent
12.5
Investor-friendly
DSCR
0.76
Fails
📊 Key Metrics
- Median Home Price
- $231,773
- Average Rent (3BR)
- $1,770/mo
- Price-to-Rent Ratio
- 12.5(good)
- 1% Rule
- 0.66%(fails — need 1%+)
- Cash-on-Cash Return
- -6.7%
- Vacancy Rate
- 8.0%
📈 Market Strength
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →📈 Population Movement (Tax Year 2021→2022)
Net Migration
-1,363 households
SHRINKING
Total Inflow
123,178
households moved in
Avg Income (New Residents)
$81,723
per household
Where they're coming from:
1.Orleans Non-migrants, LA117,457 households · avg $82,692
2.Jefferson, LA2,715 households · avg $51,727
3.East Baton Rouge, LA393 households · avg $54,181
4.St. Bernard, LA283 households · avg $33,657
5.Los Angeles, CA141 households · avg $82,262
Where residents are leaving to:
1.Orleans Non-migrants, LA117,457 households
2.Jefferson, LA3,289 households
3.St. Bernard, LA503 households
4.East Baton Rouge, LA354 households
5.Cook, IL155 households
💡 Net outflow may indicate weakening demand — but can mean lower prices and higher cap rates.
🏘️ Best Zip Codes in New Orleans for Investors
All Zip Codes in New Orleans
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 70129 | 9.7% | +$421 | $152,839 | $1,770/mo | 1.52 |
| 70128 | 8.5% | +$304 | $173,884 | $1,800/mo | 1.33 |
| 70126 | 8.4% | +$252 | $153,593 | $1,570/mo | 1.31 |
| 70114 | 8.1% | +$237 | $164,321 | $1,640/mo | 1.27 |
| 70127 | 7.9% | +$205 | $166,701 | $1,620/mo | 1.23 |
| 70117 | 7.3% | +$130 | $174,105 | $1,590/mo | 1.14 |
| 70122 | 6.0% | -$81 | $222,574 | $1,730/mo | 0.93 |
| 70131 | 5.8% | -$108 | $213,074 | $1,620/mo | 0.91 |
| 70125 | 4.8% | -$378 | $293,356 | $1,950/mo | 0.76 |
| 70119 | 4.8% | -$401 | $294,399 | $1,930/mo | 0.74 |
| 70116 | 4.4% | -$500 | $306,608 | $1,910/mo | 0.69 |
| 70113 | 4.4% | -$381 | $231,773 | $1,440/mo | 0.69 |
| 70112 | 4.3% | -$557 | $326,073 | $2,000/mo | 0.68 |
| 70130 | 4.0% | -$904 | $448,049 | $2,580/mo | 0.62 |
| 70124 | 3.0% | -$1,402 | $503,647 | $2,430/mo | 0.48 |
| 70118 | 3.0% | -$1,035 | $367,790 | $1,760/mo | 0.47 |
| 70115 | 2.5% | -$1,669 | $521,494 | $2,250/mo | 0.40 |