With the new Airbnb rules in New Orleans, Louisiana, this article explains the regulations & profitability of short-term rentals in the area.
Louisiana’s beautiful city of New Orleans is not only known for its famous creole & unique dialects, but also for profitability on Airbnb! In this article, we featured Airbnb regulations in New Orleans, along with its profitability based on Airbnb’s key metrics. Continue reading and learn more about the Airbnb laws in New Orleans.
To cut the story short, yes – Airbnb is legal in New Orleans! As of August 2022, there are 42,294 nights available in New Orleans from Airbnb alone. Sextant Stays manages 244 listings, while Sonder and Sam operate 66 and 64 respectively.
Currently, there are 4,057 Airbnb listings in New Orleans, with 83% of entire houses earning up to $3,769 a month. The Average Occupancy Rate in New Orleans is 66% and the average daily rate is $163. According to short-term rental data source Airbtics, a 2-bedroom apartment in New Orleans can make up to $77,033 annually. Check out our Short-term Rental Estimator to know how much profit you can make with Airbnb!
Based on Airbnb in New Orleans, here are the types of short-term rental (STR) owner licenses divided into two categories: Residential STR (RSTR) and Commercial STR (CSTR).
1. Residential Partial Unit (RSTR- Partial)
2. Residential Small (RSTR – Small)
3. Residential Large (RSTR-Large)
4. Commercial (CSTR)
In my personal opinion, the biggest advantage of running a short-term rental is high return! I’ve talked to hundreds of Airbnb hosts over the past years and frequently met hosts making 15 – 30% gross rental yields, and 10-20% net. It’s also fun to do!
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