New Orleans, LA variant. This is a New Orleans, LA-specific version of the Rental Yield Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Rental Yield Calculator.
New Orleans's gross rental yield - annual rent ÷ property price - is about 7.3%, based on $1,650/month rent on a $270,000 median home.
Rental yield in New Orleans
Gross yield = ($1,650 × 12) ÷ $270,000 = 7.3%. Net yield subtracts property tax (0.55%), insurance, vacancy, and maintenance.
High-price metros tend to show lower yields (price outruns rent); affordable metros often yield more. New Orleans's yield is attractive for cash-flow investors.
About New Orleans, LA
New Orleans applies Louisiana state income tax along with notably high combined state and local sales taxes.
New Orleans offers moderate home prices for a major Southern city.
New Orleans is known for its tourism, port, and rich cultural economy, with a cost of living close to the national average.
Worked example: New Orleans yield
Annual rent $19,800 ÷ price $270,000 = 7.3% gross. After 0.55% property tax and ~1% maintenance, net yield is meaningfully lower.
Quick reference
- Median home value: $270,000
- Median rent: $1,650/mo
- Median household income: $51,116
- Local sales tax: 9.45%
- Effective property tax rate: 0.55%
- Cost of living index: 96 (US avg = 100)
Frequently Asked Questions
What is a good rental yield?
Many investors target 6-8% gross; New Orleans runs about 7.3%.
How is rental yield calculated?
Gross yield = annual rent ÷ purchase price. Net yield also subtracts taxes, insurance, vacancy, and upkeep.